JCL Capital

About JCL Capital

JCL Capital is private lender headquartered in White Plains, NY. They offer funding in New York City. They offer loans for many different scenarios, including short term loans, ground-up construction loans, and short term fix and flip loans. Their lending guidelines are flexible, including rates starting at 8% , terms between 1 year and 2 years, and loan amounts starting at $150,000. They provide loans on various types of properties, including single family homes, multi-family, apartment buildings, offices, retail storefronts, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, New Construction Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial

Areas Served: New York City

Lending Guidelines for JCL Capital

Below are the general loan guidelines published on the JCL Capital 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 JCL Capital.

Loan Example 1

Jamie is a real estate investor in Cos Cob, CT. He discovers a run-down property for sale and wants to rehab it and flip it for a profit. The property costs $390,000 but he does not have the full amount so he takes out a fix and flip loan with JCL Capital. As the lender agrees to a 50% loan-to-value, Jamie will be required to put 50% down and the principle amount of the note will be $195,000. The parameters of the loan also stipulate a four point origination fee that will be paid at closing and a 12 month, interest-only note with a 13% interest rate.

According to the terms of the loan, Jamie will be required to pay a $7,800 origination fee in addition to 50% of the purchase price, or $195,000, based on the 50% LTV. Once the loan closes, he will need to pay the lender $2,113 in monthly interest payments, or 13% times $195,000 divided by 12 months in the year. At the expiration of the note, he sells the rehabed property for $526,500. After deducting the $25,350 in total interest payments ($2,113 times 12 months), the $7,800 origination fee, the $195,000 principle on the note, and the $195,000 he contributed to closing, he will make a gross profit of $103,350 ($526,500 sales price minus $423,150 in costs). This amount would then be reduced by any rehab costs paid out of pocket.

Loan Example 2

Beatriz finds a property in Cos Cob, CT to renovate and re-sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from JCL Capital with the following parameters:

a) A $170,000 purchase price, b) a 80% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 5% origination fee.

Based on a $212,500 sales price after the 12 month term, the final numbers for this deal would look like this:

$212,500 sales price
- $136,000 principle (80% LTV)
- $34,000 down payment (20% on 80% LTV)
- $6,800 origination fee (5% of the $136,000 principle)
- $12,240 interest payments (12 months x 9% interest)
-----------------------
= $23,460 gross profit (doesn't include taxes or rehab costs)

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