Mortgage Capital & Investment

About Mortgage Capital & Investment

Mortgage Capital & Investment is a Scottsdale, AZ based hard money lender offering loans throughout Arizona. They offer lending solutions for a variety of situations and needs, including short term fix and flip loans, loans for rental properties, commercial loans, ground up construction loans, cash out loans, and bridge loans. They offer loans with a maximum LTV of 80%, terms between 3 months and 2 years, and rates ranging between 12% and 18%. They provide loans on numerous property types, including single family homes, multi family, apartment buildings, offices, retail units, hotels/motels, storage buildings, assisted living facilities, mixed use, raw land, churches, warehouse buildings, industrial facilities, and medical 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, Medical

Areas Served: AZ

Licenses: MB-0907540

Lending Guidelines for Mortgage Capital & Investment

Below are the general loan guidelines published on the Mortgage Capital & Investment 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 Mortgage Capital & Investment.

Loan Example 1

Tommy is a house flipper in Phoenix, AZ. He discovers a run-down property and decides to renovate it and sell it for a profit. The house costs $310,000 but he doesn't have the full amount so he takes out a fix-and-flip loan with Mortgage Capital & Investment. The borrower will be required to fund 30% of the sales price in cash to closing based on a 70% loan-to-value stipulated by the lending company. This makes the principle note from Mortgage Capital & Investment $217,000. The interest rate on the loan is 9% for a length of 12 months and the company requires a five point origination fee at closing. The interest is to be paid monthly and the principle amount will be paid back after the property sells.

In addition to paying the $10,850 origination fee, Tommy will also have to fund $93,000 of the purchase with his own cash, or 30% of the sales price. Once the loan closes, he will need to pay the lender $1,628 in monthly interest fees, or 9% multiplied times $217,000 divided by 12 months in the year. Tommy's intention is to complete the project within the 12 months and re-sell it for $434,000. If he succeeds he will earn a total profit of $93,620 ($434,000 price - $217,000 principle - $93,000 down payment - $10,850 origination fee - $19,530 in total interest payments.

Loan Example 2

Jennie is a real estate investor in Phoenix, AZ. She purchases a run-down house for a renovation project and takes out a hard money loan from Mortgage Capital & Investment with the following features:

a) A $200,000 purchase price, b) a 55% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 1% origination fee.

If Jennie succeeds in her goal of a $260,000 sales price, the outcome of the deal will be the following:

$260,000 sales price
- $110,000 note principle (55% LTV)
- $90,000 cash paid at closing (45% on 55% LTV)
- $1,100 origination points (1% of the $110,000 principle amount)
- $4,400 interest payments (6 months x 8% interest)
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= $54,500 total profit (doesn't include taxes or renovation costs)

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