Mercury Capital
380 Lexington Avenue, Suite 1721
New York, NY 10168
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About Mercury Capital
Based in New York, NY, Mercury Capital is a hard money lender offering loans all throughout the United States. They offer lending solutions for a variety of situations and needs, including cash out loans and commercial hard money loans. They offer terms between 1 year and 3 years and loan amounts ranging from $1,000,000 to $20,000,000 with a maximum LTV of 80%. They will make loans on all of the following property types: multi-family, retail spaces, offices, apartment buildings, industrial facilities, storage facilities, warehouse spaces, and undeveloped land.
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Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans
Property Types Covered: Multi Family, Retail, Office, Apartment, Industrial, Storage, Warehouse, Land
Areas Served: National
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Lending Guidelines for Mercury Capital
Below are the general loan guidelines published on the Mercury Capital website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money Loans
Loan Amounts: $1,000,000 - $20,000,000
Available Rates: N/A
Typical Terms: 12 months - 36 months
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 10 DaysRefinance / Cash Out Loans
Loan Amounts: $1,000,000 - $20,000,000
Available Rates: N/A
Typical Terms: 12 months - 36 months
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 10 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Mercury Capital.
Loan Example 1
Marguerite runs a small business in Tacoma, WA and needs to purchase a new office building to run her operations. Since she cannot secure a standard loan from a bank, she turns to Mercury Capital for a commercial private money loan. The new building carries a price tag of $400,000. Marguerite will need to put 40% down, or $160,000, because the lender will loan only 60% of the acquisition (the loan to value or "LTV"). This means the principle amount on the note will be $240,000. The parameters of the note include a 12 month length, a 9% rate of interest, and 4 origination points to be paid by Marguerite at closing. Marguerite may eliminate the loan at any point in time by paying back the $240,000 of principle, but she will have to make $1,800 monthly interest payments ($240,000 principle x 9% interest / 12 months in a year) in the interim, or up to the point the loan expires. Because there isn't a pre-payment penalty, the only other expense she would have is the $9,600 origination cost which she will contribute when the deal closes.
Loan Example 2
Joan takes a private money loan from Mercury Capital so she can rehab a house to re-sell in Nashville, TN. The loan has the following terms:
$320,000 purchase price
70% loan to value (LTV)
18 month term
13% interest rate
2% origination feeJoan plans to sell the house at the end of the term for $480,000. If she succeeds, the deal numbers would be as follows:
$480,000 sales price
- $224,000 note principle (70% LTV)
- $96,000 down payment (30% on 70% LTV)
- $4,480 origination fee (2% of the $224,000 principle amount)
- $43,680 interest payments (18 months x 13% interest)
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= $111,840 total profit (does not include taxes or renovation costs) -
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