La Jolla Capital Group

About La Jolla Capital Group

Headquartered in La Jolla, CA, La Jolla Capital Group is a private money lender providing funding throughout California. They provide lending solutions for many different situations, including bridge loans, private refinancing, and hard money loans for commercial properties. They offer loans with a maximum LTV of 80%. They make loans on all of the following property types: multi family residences, apartment buildings, office buildings, retail spaces, hotels/motels, storage facilities, mixed use, warehouse buildings, and industrial buildings.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Mixed Use, Warehouse, Industrial

Areas Served: CA

Lending Guidelines for La Jolla Capital Group

Below are the general loan guidelines published on the La Jolla Capital Group 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 La Jolla Capital Group.

Loan Example 1

So she can purchase a new retail space for her small business, Linda looks to La Jolla Capital Group to fund her acquisition with a commercial hard money loan since she isn't able to secure a conventional mortgage loan from a bank. The new building costs $280,000. Because there is a 55% loan-to-value (LTV) stipulated by the lender, the principle will be $154,000. The additional $126,000 will be be funded by Linda. The lender also stipulates the following terms of the transaction: 1) a 12% rate of interest, 2) a 12 month length with interest-only payments monthly, 3) an origination fee of 3 percent paid by Linda at the close, and 4) no fees for pre-payment. Linda will pay an origination fee of $4,620 and she will then start to make the interest payments of $1,540 ($154,000 principle amount x 12% interest / 12 months in a year). She can repay the note early if she chooses since there is no pre-payment penalty but she will be responsible for paying off the principle when she closes the loan.

Loan Example 2

Jeanette takes a hard money bridge loan from La Jolla Capital Group in order to remodel a townhome to re-sell in Los Angeles, CA. The deal has the following parameters:

a) A $280,000 sales price, b) a 70% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 1% origination fee.

Once the rehab project is finished, if Jeanette sells the property for $378,000, the outcome would be the following:

$378,000 sales price
- $196,000 note principle (70% LTV)
- $84,000 cash paid at closing (30% on 70% LTV)
- $1,960 origination fee (1% of the $196,000 principle)
- $7,840 interest payments (6 months x 8% interest)
-----------------------
= $88,200 total profit (does not include taxes or rehab costs)