MAE Capital Mortgage

About MAE Capital Mortgage

MAE Capital Mortgage is a Rocklin, CA based private lender who offers funding in California. They provide loans for a variety of situations and needs, including builder loans, cash out loans, fix and flip hard money loans, loans for investments properties, commercial loans, and short term loans. They offer terms between 6 months and 60 months and loans with a maximum LTV of 65%. They do not require a minimum credit rating to receive a loan. They make loans on numerous types of properties, including single family residences, multi-family, apartment buildings, office units, retail spaces, hotels and motels, storage facilities, senior living facilities, mixed use buildings, undeveloped land, churches, warehouse spaces, and industrial buildings.

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, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial

Areas Served: CA

Licenses: California Bureau of Real Estate #01913783, NMLS #806170

Lending Guidelines for MAE Capital Mortgage

Below are the general loan guidelines published on the MAE Capital Mortgage 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 MAE Capital Mortgage.

Loan Example 1

Clinton finds a property in Los Angeles, CA to rehab and resell. Since he does not have enough cash available to purchase the $250,000 house outright, he takes out a hard money loan from MAE Capital Mortgage. The borrower will have to bring 35% of the purchase price in cash to the closing based on a 65% loan to value stipulated by the lending company. This makes the principle note from MAE Capital Mortgage $162,500. The terms of the note also include a one percent origination fee that is to be paid at the closing and a 6 month, interest-only note with a 13% rate of interest.

Clinton will have to contribute $87,500 to closing (35% on the 65% loan-to-value), plus he will have to pay the $1,625 origination fee. he must then pay $1,760 per month to MAE Capital Mortgage. If Clinton sells the property for $375,000 after 6 months, he would make a gross profit of $112,813 after deducting the principle of $162,500, the money paid at the close of $87,500, the origination points of $1,625, and the aggregate interest payments of $10,563. This profit does not include rehab costs.

Loan Example 2

MAE Capital Mortgage makes a hard money loan to Charles for a remodeling project in Los Angeles, CA. The loan includes the following:

a) A $350,000 sales price, b) a 60% loan-to-value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 2% origination fee.

After the rehab project is completed, if Charles sells the property for $420,000, the numbers would be the following:

$420,000 sales price
- $210,000 principle on note (60% LTV)
- $140,000 down payment (40% on 60% LTV)
- $4,200 origination fee (2% of the $210,000 principle)
- $29,400 interest payments (12 months x 14% interest)
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= $36,400 total profit (doesn't include taxes or renovation costs)