Vista Commercial Capital
800 Park Office Drive, Suite 3106
Research Triangle Park, NC 27709
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About Vista Commercial Capital
Vista Commercial Capital is a private lender in Research Triangle Park, NC offering loans in North Carolina. They offer lending solutions for a variety of situations, including fix and flip loans and commercial hard money loans. They will make loans on various types of properties, including single family homes, multi-family units, apartment buildings, offices, mixed use spaces, retail storefronts, warehouse spaces, storage facilities, and industrial facilities.
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Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Mixed Use, Retail, Warehouse, Storage, Industrial
Areas Served: NC
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Lending Guidelines for Vista Commercial Capital
Below are the general loan guidelines published on the Vista Commercial Capital website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
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 Vista Commercial Capital.
Loan Example 1
Lewis closes on a $240,000 renovation project in Charlotte, NC, using a hard money loan from Vista Commercial Capital. The borrower will need to bring 45% of the sales price in cash to the closing based on a 55% loan-to-value stipulated by the lending company. This makes the loan principle from Vista Commercial Capital $132,000. The parameters of the loan also include a five percent origination fee that will be paid at the closing and a 12 month, interest-only note with a 9% rate of interest.
In addition to paying the $6,600 origination fee, Lewis will also have to fund $108,000 of the purchase with his own cash, or 45% of the sales price. he must then pay $990 monthly to Vista Commercial Capital. Lewis's intention is to finish the rehab by the end of the 12 months and re-sell it for $348,000. If he succeeds he will earn a gross profit of $89,520 ($348,000 sales price - $132,000 principle amount - $108,000 cash at closing - $6,600 origination points - $11,880 in interest.
Loan Example 2
Kenneth is a an investor in Charlotte, NC. He finds a run-down townhouse for a remodeling project and obtains a fix and flip loan from Vista Commercial Capital with the following terms:
a) A $170,000 sales price, b) a 60% loan to value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 2% origination fee.
Once the rehab project is completed, if Kenneth sells the property for $204,000, the outcome would be the following:
$204,000 sales price
- $102,000 note principle (60% LTV)
- $68,000 down payment (40% on 60% LTV)
- $2,040 origination points (2% of the $102,000 principle amount)
- $18,360 total interest paid (18 months x 12% interest)
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= $13,600 total profit (doesn't include taxes or rehab costs) -
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