Macoy Capital

About Macoy Capital

Macoy Capital is private money lender based in Beverly Hills, CA. They offer loans in California. They provide hard money refinancing, short term loans, private commercial loans, loans for rental properties, construction loans, and fix-and-flip loans. Their lending parameters are flexible, including terms between 12 months and 24 months, rates ranging between 8.5% and 12%, and loan amounts ranging from $200,000 to $10,000,000 with a maximum LTV of 70%. They do not require a minimum credit rating to obtain a loan. They offer loans on many types of properties, including single family homes, multi-family, retail units, offices, industrial facilities, mixed use buildings, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: CA

Licenses: NMLS #338666, CalBRE #01851634

Lending Guidelines for Macoy Capital

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

Loan Example 1

Ann finds a townhome in Los Angeles, CA to rehab and re-sell. Since she doesn't have enough cash to buy the $150,000 project outright, she takes out a hard money loan from Macoy Capital. The terms of the loan include a 65% loan-to-value (LTV), so she must bring 35% of the price as cash to closing, which makes the principle loan amount $97,500. The rate on the note is 10% for a term of 6 months and the company requires a one point origination fee at the closing. The interest is to be paid on a monthly basis and the principle amount will be repaid after the sale of the property.

In addition to paying the $975 origination fee, Ann will also fund $52,500 of the purchase with her own money, or 35% of the sales price. she must then pay $813 per month to Macoy Capital. If Ann meets her goal of a $202,500 sales price at the end of the loan term, she would make a total profit of $46,650 after repaying the principle on the note and deducting the cash she paid at closing, the origination points, and the monthly interest payments.

Loan Example 2

Macoy Capital issues a hard money loan to Roy for a rehab project in Los Angeles, CA. The deal dictates the following:

a) A $380,000 purchase price, b) a 55% loan to value (LTV), c) a 12 month term, d) a 12% interest rate, and e) a 3% origination fee.

Roy plans to sell the house when the note expires for $570,000. If he succeeds, the final numbers will be the following:

$570,000 sales price
- $209,000 loan principle (55% LTV)
- $171,000 down payment (45% on 55% LTV)
- $6,270 origination fee (3% of the $209,000 principle amount)
- $25,080 total interest paid (12 months x 12% interest)
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= $158,650 gross profit (doesn't include taxes or renovation costs)