JCAP Private Lending

About JCAP Private Lending

Jcap is a Newport Beach, CA based direct lender who closes and services investor funded short-term real estate loans. They provide loans in 43 states. They offer private refinancing, fix-and-flip hard money loans, investment property loans and more. Their loan parameters are flexible, including loan amounts up to $5,000,000 and terms between 3 months and 3 years. Jcap has an innovative approach to lending: focusing on speed, simplicity, and safety for borrowers and investors.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Mixed Use

Areas Served: AK, CA, AZ, AR, CO, CT, DC, AL, DE, FL, GA, HI, IA, IL, IN, OH, NY, NH, SC, NC, LA, MS, MT, WY, KY, WV, PA, MA, RI, KS, MD, ME, MI, MO, NE, NJ, NM, OK, WI, WA, VA, UT, TX, TN, NV

Licenses: CALBRE: 01081469, NMLS: 7757

Lending Guidelines for JCAP Private Lending

Below are the general loan guidelines published on the JCAP Private Lending website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by JCAP Private Lending.

Loan Example 1

Shane takes a fix-and-flip loan from JCAP in order to remodel a house to flip in Anaheim, CA. The sales price of the house is $320,000. The loan to value (LTV) on the loan is 70%. This means that Shane will have to bring 30% of the purchase price to closing and the principle will be $224,000 on the deal. The parameters of the deal dictate a 12% note for 12 months. They also stipulate a 3 point origination fee, that will also be paid upon closing.

Shane will need to bring $96,000 to closing (30% on the 70% loan-to-value), plus he will need to pay the $6,720 origination fee. The lender will collect $2,240 in monthly interest from the Shane. This is calculated by taking the full note amount of $224,000, multiplying that by the 12% interest rate, and then dividing that amount by 12. Shane's plan is to finish the house within the 12 months and sell it for $384,000. If he succeeds he will make a gross profit of $30,400 ($384,000 price - $224,000 principle - $96,000 cash at closing - $6,720 origination points - $26,880 in total interest paid.

Loan Example 2

JCAP issues a hard money loan to Sherry for a renovation project in Anaheim, CA. The deal dictates the following:

$160,000 sales price
85% loan-to-value (LTV)
18 month term
14% interest rate
1% origination fee

Sherry plans to sell the house when the note expires for $240,000. If she accomplishes her goal, the final numbers would be the following:

$240,000 sales price
- $136,000 principle (85% LTV)
- $24,000 down payment (15% on 85% LTV)
- $1,360 origination points (1% of the $136,000 principle amount)
- $28,560 total interest paid (18 months x 14% interest)
-----------------------
= $50,080 gross profit (doesn't include taxes or renovation costs)