Nork Capital Trading

About Nork Capital Trading

Nork Capital Trading is private money lender based in Miami, FL. They offer loans throughout Florida. They offer hard money loans for commercial properties, cash out hard money loans, fix and flip hard money loans, buy and hold loans, and bridge loans. They provide loan amounts ranging from $100,000 to $5,000,000 with a maximum LTV of 69% and rates starting at 5.25% . They are able to lend money to any borrower based on the value of the property but also require a minimum credit score of 620. They offer loans on all of the following property types: single family, multi-family, apartment buildings, office units, retail spaces, hotels/motels, storage facilities, senior housing facilities, mixed use buildings, warehouse buildings, industrial facilities, and medical offices.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: FL

Lending Guidelines for Nork Capital Trading

Below are the general loan guidelines published on the Nork Capital Trading 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 Nork Capital Trading.

Loan Example 1

Jon takes a hard money loan from Nork Capital Trading in order to remodel a townhome to resale in Miami, FL. The list price of the property is $270,000. Since the lender agrees to a 50% loan to value, Jon will be required to put 50% down so the principle amount of the note will be $135,000. The note is interest-only, with monthly payments, and is for 12 months at 9% interest with 2 origination points to be paid at closing.

Accordingly, the borrower will have to contribute a $135,000 down payment in addition to paying a $2,700 origination fee. Once the loan closes, he will have to pay Nork Capital Trading $1,013 in monthly interest payments, or 9% multiplied by $135,000 divided by 12 months in the year. Jon's plan is to complete the remodel within the 12 months and sell it for $351,000. If he succeeds he will make a profit of $66,150 ($351,000 sales price - $135,000 principle - $135,000 cash at closing - $2,700 origination fee - $12,150 in total interest payments.

Loan Example 2

Nork Capital Trading issues a fix and flip loan to Beverly for a renovation project in Miami, FL. The deal dictates the following:

a) A $240,000 purchase price, b) a 50% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 4% origination fee.

If Beverly achieves her goal of a $300,000 sales price, the numbers of the project would be as follows:

$300,000 sales price
- $120,000 principle (50% LTV)
- $120,000 down payment (50% on 50% LTV)
- $4,800 origination points (4% of the $120,000 principle amount)
- $12,000 total interest paid (12 months x 10% interest)
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= $43,200 gross profit (does not include taxes or renovation costs)

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