Maun Capital

About Maun Capital

Maun Capital is hard money lender headquartered in Costa Mesa, CA. They offer loans throughout California. They provide builder loans, commercial loans, refinancing, bridge loans, and short term fix and flip loans. Their loan guidelines are flexible, including terms between 1 year and 3 years and loan amounts ranging from $100,000 to $20,000,000 with a maximum LTV of 65%. They do not require borrowers to have a minimum credit rating to obtain a loan. They will make loans on many types of properties, including single family homes, multi-family, apartment buildings, undeveloped land, office units, retail units, industrial facilities, and storage buildings.

Loan Types Offered: 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, Land, Office, Retail, Industrial, Storage

Areas Served: CA

Licenses: CA BRE #01943739, NMLS #1136322

Lending Guidelines for Maun Capital

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

Loan Example 1

Max takes a fix-and-flip loan from Maun Capital in order to rehab a townhouse to resale in Los Angeles, CA. The price of the house is $350,000. The terms of the deal include a 60% loan-to-value (LTV), so he must contribute 40% of the price as cash at closing, which makes the principle loan amount $210,000. The terms of the loan also include a three percent origination fee that is to be paid at closing and a 6 month, interest only note with a 14% rate of interest.

In addition to paying the $6,300 origination fee, Max will also have to fund $140,000 of the purchase with his own money, or 40% of the purchase price. After the deal is closed and Max takes the project, he will have to begin making monthly payments of $2,450 to the lender ($210,000 principle x 14% / 12 months). Assuming he sells the rehabed house for $525,000 at the end of the 6 month term, his gross profit (not accounting for rehab expenses) would be $154,000. This is computed by taking the purchase price ($525,000) and subtracting the original note amount ($210,000), the origination fee ($6,300), the funds he brought to closing ($140,000), and the total interest expenses ($14,700).

Loan Example 2

Marcella is a an investor in Los Angeles, CA. She finds an older property for a rehab project and takes out a private money loan from Maun Capital with the following paramters:

a) A $170,000 purchase price, b) a 65% loan-to-value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 4% origination fee.

Assuming a $212,500 sales price at the end of the 12 month term, the outcome for this deal would look like this:

$212,500 sales price
- $110,500 principle (65% LTV)
- $59,500 cash paid at closing (35% on 65% LTV)
- $4,420 origination fee (4% of the $110,500 principle amount)
- $12,155 interest payments (12 months x 11% interest)
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= $25,925 gross profit (does not include taxes or rehab costs)

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