Uptown Commercial Capital

About Uptown Commercial Capital

Uptown Commercial Capital is a New York, NY based private lender. They offer funding across the country. They offer loans for many different needs and situations, including short term bridge loans and commercial hard money loans. Their loan guidelines are flexible, including terms between 6 months and 24 months, loan amounts ranging from $100,000 to $20,000,000 with a maximum LTV of 75%, and rates ranging between 6.99% and 14%. They make loans on many property types, including multi-family, apartments, office buildings, retail storefronts, hotels/motels, storage buildings, senior housing communities, mixed use, warehouse buildings, industrial facilities, and medical offices.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Uptown Commercial Capital

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

Loan Example 1

Uptown Commercial Capital issues a hard money loan to Brenda for the purchase of a new building after she is denied a commercial mortgage by her credit union because she has a low credit rating. Because the lender and borrower contract to a 65% loan-to-value (LTV), Brenda will fund $87,500 at the close and the loan principle amount will be $162,500 because the list price of the building is $250,000. In addition, the lender will require a 5 percent origination fee in combination with the 13%, 6 month term on the note. They will not charge a pre-payment penalty if Brenda pays off the note early. By the parameters of this loan, Brenda will have to pay an origination fee of $8,125 at closing (5% x $162,500 principle amount) and will then make payments of $1,760 monthly ($162,500 principle amount x 13% interest / 12 months in a year). Finally, she will make a balloon payment of the $162,500 principle amount upon expiration of the note, or sooner if she decides.

Loan Example 2

Christi is a real estate investor in Salem, OR. She locates an older townhouse for a remodeling project and takes out a hard money bridge loan from Uptown Commercial Capital with the following terms:

$190,000 purchase price
60% loan-to-value (LTV)
6 month term
13% rate of interest
5% origination fee

Once the rehab project is completed, if Christi sells the house for $237,500, the numbers would be as follows:

$237,500 sales price
- $114,000 principle on note (60% LTV)
- $76,000 down payment (40% on 60% LTV)
- $5,700 origination fee (5% of the $114,000 principle)
- $7,410 total interest paid (6 months x 13% interest)
-----------------------
= $34,390 gross profit (does not include taxes or renovation costs)

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