Sage Capital

About Sage Capital

Headquartered in Denver, CO, Sage Capital is a hard money lender offering funding in Denver. They offer loans for a variety of situations and needs, including short term bridge loans and fix and flip loans. They issue terms up to 6 months, loans with a maximum LTV of 80%, and rates ranging between 10.5% and 12%. The focus of their lending is on single family units and multi-family.

Loan Types Offered: Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Denver

Lending Guidelines for Sage Capital

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

Loan Example 1

Olive closes on a $370,000 renovation project in Denver, CO, using a hard money loan from Sage Capital. The borrower will have to contribute 20% of the sales price in cash to the closing based on a 80% loan to value stipulated by the lending company. This makes the loan principle from Sage Capital $296,000. The deal also consists of these features: 1) a 18 month length, 2) a 12% interest only note, and 3) a three point origination fee.

In addition to paying the $8,880 origination fee, Olive will also need to fund $74,000 of the purchase with her own money, or 20% of the sales price. Once the deal is closed and Olive takes on the project, she will need to begin making payments each month of $2,960 to the lender ($296,000 principle x 12% / 12 months). If Olive meets her goal of a $444,000 total sales price when the loan expires, she would earn a gross profit of $11,840 after re-paying the principle amount and subtracting the money she brought to closing, the origination points, and the total monthly interest payments.

Loan Example 2

Rodney is a an investor in Denver, CO. He buys a run-down townhouse for a renovation project and takes out a fix and flip loan from Sage Capital with the following features:

a) A $330,000 purchase price, b) a 75% loan to value (LTV), c) a 18 month term, d) a 8% interest rate, and e) a 4% origination fee.

Once the rehab project is complete, if Rodney sells the house for $445,500, the numbers would be the following:

$445,500 sales price
- $247,500 note principle (75% LTV)
- $82,500 cash paid at closing (25% on 75% LTV)
- $9,900 origination fee (4% of the $247,500 principle amount)
- $29,700 interest payments (18 months x 8% interest)
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= $75,900 gross profit (does not include taxes or renovation costs)

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