Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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About Private Capital USA
Private Capital USA is a Ronkonkoma, NY based private money lender who offers funding in 10 states across the country. They provide hard money loans for commercial properties, hard money bridge loans, and fix-and-flip loans. Their lending guidelines are flexible, including loan amounts ranging from $200,000 to $2,500,000 with a maximum LTV of 80%. They are able to lend money to all borrowers based on the property value and not on a minimum credit score. They offer loans on numerous types of properties, including single family units, multi-family units, apartments, office buildings, retail units, and industrial facilities.
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Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial
Areas Served: ME, NH, VT, NY, MA, CT, RI, PA, NJ, CA
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Lending Guidelines for Private Capital USA
Below are the general loan guidelines published on the Private Capital USA website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: $200,000 - $2,500,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: $200,000 - $2,500,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: N/ABridge Loans
Loan Amounts: $200,000 - $2,500,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Private Capital USA.
Loan Example 1
George takes a hard money loan from Private Capital USA in order to remodel a condo to resale in Brooklyn, NY. The price of the house is $350,000. The lender agrees to write a loan with a 55% loan to value (LTV) so they will loan $192,500 on the project. The deal also consists of these features: 1) a 18 month term, 2) a 9% interest-only note, and 3) a four point origination fee.
George will have to bring $157,500 to the closing (45% on the 55% loan to value), plus he will need to pay the $7,700 origination fee. The monthly interest-only payments will then be $1,444 to the lender. If George accomplishes his goal of a $490,000 total sales price when the loan term expires, he would collect a total profit of $106,313 after re-paying the principle amount and deducting the money he contributed at closing, the origination fee, and the monthly interest payments.
Loan Example 2
Francisco is a real estate investor in Brooklyn, NY. He purchases an older property for a rehab project and takes out a hard money loan from Private Capital USA with the following paramters:
$180,000 purchase price
70% loan-to-value (LTV)
18 month term
14% interest rate
3% origination feeFrancisco intends to sell the property when the note expires for $216,000. If he achieves this goal, the deal numbers will be the following:
$216,000 sales price
- $126,000 principle on note (70% LTV)
- $54,000 down payment (30% on 70% LTV)
- $3,780 origination fee (3% of the $126,000 principle)
- $26,460 interest payments (18 months x 14% interest)
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= $5,760 total profit (does not include taxes or rehab costs) -
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