Universal Capital

About Universal Capital

Universal Capital is an asset-based lender headquartered in Andover, MA offering funding in Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, and Florida. They provide fix-and-flip hard money loans, private commercial loans, hard money bridge loans, and ground-up construction loans. Their loan parameters are flexible, including terms between 6 months and 1 year and loan amounts ranging from $100,000 to $3,000,000 with a maximum LTV of 70%. They make loans on many property types, including single family, multi-family units, apartment buildings, offices, retail storefronts, hotels, storage facilities, senior communities, mixed use spaces, warehouses, industrial buildings, medical offices, and raw land.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans

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

Areas Served: MA, NH, ME, RI, CT, FL

Lending Guidelines for Universal Capital

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

Loan Example 1

Universal Capital issues a fix-and-flip loan to Edward for a rehab project in Miami, FL, on a property that is listed for $350,000. The terms of the note include a 85% loan to value (LTV), so he must contribute 15% of the price as cash at closing, which makes the principle note amount $297,500. The deal also consists of these features: 1) a 6 month term, 2) a 8% interest only note, and 3) a three point origination fee.

The borrower must bring a total of $32,400 up front to pay the $52,500 down payment plus the $8,925 origination fee. The monthly interest only payments will then be $1,983 to Universal Capital. If Edward sells the property for $472,500 after 6 months, he would realize a total profit of $101,675 after subtracting the principle amount of $297,500, the cash paid at closing of $52,500, the origination fee of $8,925, and the total interest payments of $11,900. This amount doesn't account for building costs.

Loan Example 2

Gabrielle takes a hard money loan from Universal Capital in order to renovate a townhome to resell in Miami, FL. The loan has the following terms:

a) A $310,000 sales price, b) a 55% loan to value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 1% origination fee.

If Gabrielle achieves her goal of a $372,000 sales price, the numbers of the deal will be the following:

$372,000 sales price
- $170,500 principle (55% LTV)
- $139,500 cash paid at closing (45% on 55% LTV)
- $1,705 origination points (1% of the $170,500 principle)
- $9,378 total interest paid (6 months x 11% interest)
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= $50,918 total profit (does not include taxes or renovation costs)

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