Regina Capital

About Regina Capital

Regina Capital is an asset-based lender headquartered in Monroe, CT providing loans in New York, New Jersey, Massachusetts, and Connecticut. They provide lending solutions for many different scenarios, including commercial loans, private refinancing, hard money construction loans, rental property loans, bridge loans, and fix and flip loans. Their loan guidelines are versatile, including rates ranging between 10% and 15%, terms between 12 months and 36 months, and loan amounts ranging from $300,000 to $5,000,000 with a maximum LTV of 70%. They do not require a minimum FICO score to receive a loan. They make loans on the following property types: single family residences, multi-family, apartments, office units, retail units, hotels, storage facilities, assisted living communities, mixed use spaces, warehouses, industrial facilities, and medical offices.

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, Warehouse, Industrial, Medical

Areas Served: NY, NJ, MA, CT

Lending Guidelines for Regina Capital

Below are the general loan guidelines published on the Regina 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 Regina Capital.

Loan Example 1

Bernard takes a fix and flip loan from Regina Capital in order to remodel a townhouse to resale in Brooklyn, NY. The list price of the property is $400,000. The terms of the loan include a 65% loan-to-value (LTV), so he must bring 35% of the price as cash at closing, making the principle note amount $260,000. The rate on the note is 11% for a term of 12 months and the lender requires a two point origination fee at the closing. The interest payments are to be paid monthly and the principle will be repaid after the property sells.

Bernard will need to bring $140,000 to the closing (35% on the 65% loan-to-value), plus he will pay the $5,200 origination fee. The lender will collect $2,383 in monthly interest payments from the borrower. This is computed by taking the total note amount of $260,000, multiplying by the 11% interest rate, and then dividing that amount by 12. If he sells the rehabed project for $480,000 at the end of the 12 month term, his total profit (not including renovation costs) would be $46,200. This is computed by taking the sales price ($480,000) and subtracting the original principle ($260,000), the origination fee ($5,200), the money he contributed to closing ($140,000), and the total interest payments ($28,600).

Loan Example 2

Max finds a duplex in Brooklyn, NY to renovate and re-sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Regina Capital with the following parameters:

$380,000 sales price
75% loan to value (LTV)
6 month term
9% rate of interest
1% origination fee

Max plans to list the project when the note expires for $513,000. If he succeeds, the outcome will be the following:

$513,000 sales price
- $285,000 principle (75% LTV)
- $95,000 cash paid at closing (25% on 75% LTV)
- $2,850 origination points (1% of the $285,000 principle amount)
- $12,825 interest payments (6 months x 9% interest)
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= $117,325 total profit (does not include taxes or rehab costs)

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