New Era Capital

About New Era Capital

New Era Capital is private lender headquartered in Niagara Falls, NY. They offer funding across the country. Their focus is mainly on commercial hard money loans. Their loan parameters are flexible, including rates starting at 8.99% , terms up to 2 years, and loan amounts ranging from $1,000,000 to $10,000,000 with a maximum LTV of 65%. They provide loans on all the following property types: office units, retail units, hotels and motels, storage buildings, mixed use spaces, warehouse spaces, industrial facilities, multi-family units, and apartments.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Office, Retail, Hotel, Storage, Mixed Use, Warehouse, Industrial, Multi Family, Apartment

Areas Served: National

Lending Guidelines for New Era Capital

Below are the general loan guidelines published on the New Era 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 New Era Capital.

Loan Example 1

Leah is a small business owner in Washington DC, DC. She wants to acquire a new office space for her business but she isn't able to secure a conventional mortgage loan from her bank because of her subpar FICO score. She looks to New Era Capital for a commercial private money loan in order to close the acquisition. The lender agrees to a 65% loan-to-value (LTV) on the deal and the building is listed for $340,000, so they will fund $221,000 and Leah will pay the other $119,000. The parameters of the note include a 18 month term, a 14% rate of interest, and a 1 origination fee paid by Leah when the transaction closes. In accordance with the conditions of this loan, Leah will need to pay an origination fee of $2,210 when the loan is executed. She will also start to make payments of $2,578 each month throughout the duration of the note and will re-pay the principle at the end of the 18 month loan term. If she decides to re-pay the note early, she may do so without additional expense because there isn't a pre-payment penalty attached to the deal.

Loan Example 2

Stanley locates a house in Fort Worth, TX to rehab and resell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from New Era Capital with the following parameters:

$360,000 purchase price
55% loan-to-value (LTV)
6 month term
12% interest rate
2% origination fee

Stanley plans to sell the property when the note expires for $504,000. If he accomplishes his goal, the deal numbers will be the following:

$504,000 sales price
- $198,000 principle (55% LTV)
- $162,000 cash paid at closing (45% on 55% LTV)
- $3,960 origination points (2% of the $198,000 principle)
- $11,880 interest payments (6 months x 12% interest)
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= $128,160 gross profit (doesn't include taxes or rehab costs)

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