Uptown Capital Group

About Uptown Capital Group

Uptown Capital Group is a hard money lender who provides funding all across the US. They offer fix-and-flip loans, short term loans, commercial loans, and investment property loans. They provide loans with a maximum LTV of 75%, terms between 12 months and 24 months, and rates starting at 9.99% . They do not require their borrowers to have a minimum credit rating to receive a loan. They provide loans on many property types, including single family units, multi family, apartments, office units, retail spaces, hotels and motels, storage buildings, senior housing facilities, mixed use, and churches.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Church

Areas Served: National

Lending Guidelines for Uptown Capital Group

Below are the general loan guidelines published on the Uptown Capital Group 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 Uptown Capital Group.

Loan Example 1

Bertha is a house flipper in Salt Lake City, UT. She finds an older property for sale and decides to rehab it and sell it for a profit. The house has a cost of $360,000 but she does not have the full amount so she obtains a private money loan with Uptown Capital Group. The borrower will be required to contribute 50% of the sales price in cash to the closing based on a 50% loan-to-value set by the lending company. This makes the principle note from Uptown Capital Group $180,000. The deal also has the following features: 1) a 12 month length, 2) a 9% interest-only note, and 3) a three point origination charge.

By the terms of the loan, Bertha will have to contribute a $5,400 origination fee plus 50% of the sales price, or $180,000, based on the 50% LTV. Once the deal closes, she will pay Uptown Capital Group $1,350 in monthly interest payments, or 9% multiplied by $180,000 divided by 12 months in a year. If Bertha sells the property for $522,000 after 12 months, she would then earn a gross profit of $140,400 after deducting the principle amount of $180,000, the money contributed at the close of $180,000, the origination fee of $5,400, and the total interest payments of $16,200. This gross profit does not include rehab costs.

Loan Example 2

Uptown Capital Group makes a hard money loan to Frieda for a renovation project in Chicago, IL. The deal dictates the following:

$330,000 purchase price
80% loan to value (LTV)
12 month term
13% rate of interest
4% origination fee

If Frieda succeeds in her goal of a $478,500 sales price, the final numbers of the deal will be as follows:

$478,500 sales price
- $264,000 principle (80% LTV)
- $66,000 cash paid at closing (20% on 80% LTV)
- $10,560 origination points (4% of the $264,000 principle amount)
- $34,320 total interest paid (12 months x 13% interest)
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= $103,620 gross profit (doesn't include taxes or renovation costs)

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