NC Capital
19200 Von Karman Avenue, Suite 600
Irvine, CA 92612
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About NC Capital
NC Capital is an Irvine, CA based hard money lender. They offer funding in California. They offer hard money loans for commercial properties and short term loans. Their lending parameters are versatile, including terms between 3 months and 36 months, loan amounts ranging from $1,000,000 to $30,000,000 with a maximum LTV of 70%, and rates ranging between 7% and 12%. They will make loans on all of the following types of properties: multi family residences, apartments, office buildings, retail storefronts, hotels/motels, storage facilities, senior living communities, mixed use spaces, warehouse buildings, industrial facilities, and medical facilities.
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Loan Types Offered: Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical
Areas Served: CA
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Lending Guidelines for NC Capital
Below are the general loan guidelines published on the NC Capital website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money Loans
Loan Amounts: $1,000,000 - $30,000,000
Available Rates: 7% - 12%
Typical Terms: 3 months - 36 months
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: $1,000,000 - $30,000,000
Available Rates: 7% - 12%
Typical Terms: 3 months - 36 months
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by NC Capital.
Loan Example 1
NC Capital issues a private money loan to Concepcion for the purchase of a new retail space after she is denied a conforming loan by her bank because she has a subpar credit rating. Because the borrower and lender agree on a 50% loan to value (LTV), Concepcion will bring $95,000 toward the closing and the principle will be $95,000 because the cost of the new property is $190,000. The parameters of the loan include a 12 month term, a 8% interest rate, and a 5 origination fee to be paid by the borrower at closing. By the rules of the deal, Concepcion will pay an origination charge of $4,750 at closing (5% x $95,000 principle amount) and will then make payments of $633 per month ($95,000 principle amount x 8% interest / 12 months per year). she will also make a balloon payment of the $95,000 principle amount when the loan expires, or sooner if she decides.
Loan Example 2
Chad takes a hard money bridge loan from NC Capital in order to remodel a house to re-sell in Los Angeles, CA. The loan has the following parameters:
a) A $340,000 purchase price, b) a 85% loan to value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 2% origination fee.
Chad plans to list the property at the end of the term for $442,000. If he succeeds, the final numbers will be as follows:
$442,000 sales price
- $289,000 principle (85% LTV)
- $51,000 cash paid at closing (15% on 85% LTV)
- $5,780 origination points (2% of the $289,000 principle amount)
- $17,340 interest payments (6 months x 12% interest)
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= $78,880 total profit (does not include taxes or renovation costs) -
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