Mojave Capital

About Mojave Capital

Mojave Capital is a Henderson, NV based hard money lender who offers funding in Henderson. They offer short term fix and flip loans and private commercial loans. They offer loans on all the following property types: single family residences, multi family residences, apartments, offices, retail storefronts, hotels and motels, storage facilities, senior housing communities, mixed use buildings, warehouse spaces, industrial buildings, medical buildings, and raw land.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: Henderson

Licenses: NV Lic #4028, NMLS #1113686

Lending Guidelines for Mojave Capital

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

Loan Example 1

John is a real estate investor in Henderson, NV. He finds a run-down property for sale and decides to remodel it and flip it for a profit. The house costs $240,000 but he does not have the full amount so he takes out a fix and flip loan with Mojave Capital. The borrower will need to contribute 40% of the purchase price in cash to closing based on a 60% loan to value set by the lender. This makes the principle amount from Mojave Capital $144,000. The deal also includes these features: 1) a 18 month length, 2) a 8% interest only note, and 3) a two percent origination charge.

Accordingly, the borrower will have to make a $96,000 down payment plus pay a $2,880 origination fee. After the deal closes, he will pay the lender $960 in monthly interest fees, or 8% multiplied times $144,000 divided by 12 months in the year. Assuming he sells the renovated house for $324,000 at the end of the 18 month term, his total profit (not including renovation costs) would be $63,840. This is computed by taking the sales price ($324,000) and subtracting the principle ($144,000), the origination cost ($2,880), the funds he brought to closing ($96,000), and the total interest payments ($17,280).

Loan Example 2

Willie takes a hard money loan from Mojave Capital so he can rehab a house to resell in Henderson, NV. The loan has the following terms:

a) A $320,000 purchase price, b) a 65% loan-to-value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 4% origination fee.

If Willie achieves his goal of a $464,000 sales price, the outcome of the deal will be the following:

$464,000 sales price
- $208,000 principle (65% LTV)
- $112,000 down payment (35% on 65% LTV)
- $8,320 origination points (4% of the $208,000 principle)
- $12,480 interest payments (6 months x 12% interest)
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= $123,200 total profit (doesn't include taxes or rehab costs)

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