Kell Capital

About Kell Capital

Kell Capital, LLC, is an asset-based private lending company based in downtown El Paso, Texas. Since 2011, their funding has helped to improve communities throughout El Paso and Austin by bettering the real estate landscape, helping to improve the viability of business owners, furthering the progress and success of real estate investors, and more. They offer quick and easy lending options with fair terms to help our borrowers succeed with their real estate goals.

Loan Types Offered: Hard Money Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Warehouse, Industrial, Church, Land

Areas Served: El Paso, Austin, NM, AZ, HI, TX

Lending Guidelines for Kell Capital

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

Loan Example 1

Lilly takes a hard money loan from Kell Capital in order to renovate a condo to resale in El Paso, TX. The sales price of the property is $350,000. The lender agrees to write a loan with a 85% loan to value (LTV) so they will loan $297,500 on the property. The parameters of the deal dictate a 9% note for 6 months. They also stipulate a 3 point origination fee, that will also have to be paid at closing.

Lilly will need to contribute $52,500 at closing (15% on the 85% loan-to-value), plus she will need to pay the $8,925 origination fee. The lender will collect $2,231 in monthly interest payments from the borrower. This is computed by taking the full loan amount of $297,500, multiplying that by the 9% interest rate, and then dividing that amount by 12. If Lilly sells the house for $472,500 after 6 months, she would make a total profit of $100,188 after subtracting the principle of $297,500, the funds paid at the close of $52,500, the origination fee of $8,925, and the total interest payments of $13,388. This amount does not account for rehab costs.

Loan Example 2

Jayne takes out a private money loan from Kell Capital in order to renovate a townhouse to resell in El Paso, TX. The deal has the following terms:

$220,000 sales price
75% loan to value (LTV)
6 month term
12% rate of interest
2% origination fee

Jayne intends to list the house at the end of the term for $264,000. If she succeeds, the final numbers will be the following:

$264,000 sales price
- $165,000 principle on note (75% LTV)
- $55,000 cash paid at closing (25% on 75% LTV)
- $3,300 origination fee (2% of the $165,000 principle amount)
- $9,900 interest payments (6 months x 12% interest)
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= $30,800 gross profit (doesn't include taxes or renovation costs)

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