Restoration Capital, LLC
42637 Bradfords Telegraph Ct
Chantilly, VA 20152
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About Restoration Capital, LLC
Restoration Capital, LLC is hard money lender headquartered in Chantilly, VA. They provide loans in Virginia. They provide lending solutions for a variety of situations, including refinancing, fix-and-flip hard money loans, and rental property loans. They offer loan amounts ranging from $25,000 to $1,000,000 with a maximum LTV of 70% and terms between 6 months and 1 year. The focus of their loans is on single family units and multi family.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Refinance / Cash Out Loans
Property Types Covered: Single Family, Multi Family
Areas Served: VA
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Lending Guidelines for Restoration Capital, LLC
Below are the general loan guidelines published on the Restoration Capital, LLC website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $25,000 - $1,000,000
Available Rates: N/A
Typical Terms: 6 months - 12 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: NO
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: $25,000 - $1,000,000
Available Rates: N/A
Typical Terms: 6 months - 12 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: NO
Minimum FICO Score: N/A
Time to Close: N/ARefinance / Cash Out Loans
Loan Amounts: $25,000 - $1,000,000
Available Rates: N/A
Typical Terms: 6 months - 12 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: NO
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 Restoration Capital, LLC.
Loan Example 1
Kelly closes on a $170,000 renovation project in Virginia Beach, VA, using a fix-and-flip loan from Restoration Capital, LLC. Since the lender agrees to a 80% loan to value, Kelly will need to put 20% down and the amount of the loan will be $136,000. The interest rate on the loan is 14% for a term of 12 months and the company requires a three point origination fee at the closing. The interest payments are to be paid monthly and the principle amount will be returned after the sale of the property.
Therefore, the borrower will be required to contribute a $34,000 down payment in addition to paying a $4,080 origination fee. After the deal is executed and Kelly takes over the property, she will have to begin making monthly payments of $1,587 to the lender ($136,000 principle x 14% / 12 months). Kelly's plan is to complete the house by the end of the 12 months and sell it for $238,000. If she succeeds she will earn a total profit of $44,880 ($238,000 sales price - $136,000 principle amount - $34,000 down payment - $4,080 origination fee - $19,040 in total interest paid.
Loan Example 2
Mercedes takes a loan from Restoration Capital, LLC in order to renovate a house to flip in Virginia Beach, VA. The deal has the following terms:
$190,000 purchase price
70% loan to value (LTV)
18 month term
12% rate of interest
5% origination feeIf Mercedes succeeds in her goal of a $256,500 sales price, the outcome of the deal would be the following:
$256,500 sales price
- $133,000 principle (70% LTV)
- $57,000 cash paid at closing (30% on 70% LTV)
- $6,650 origination points (5% of the $133,000 principle)
- $23,940 total interest paid (18 months x 12% interest)
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= $35,910 total profit (does not include taxes or renovation costs) -
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