World Net Capital

About World Net Capital

World Net Capital is an Evansville, IN based private lender. They offer funding throughout Indiana. Their lending focus is mainly on commercial loans. They offer loans on all the following types of properties: multi-family, apartments, office buildings, retail spaces, industrial facilities, and storage facilities.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Industrial, Storage

Areas Served: IN

Lending Guidelines for World Net Capital

Below are the general loan guidelines published on the World Net 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 World Net Capital.

Loan Example 1

So she can purchase a new office building for her small business, Ola looks to World Net Capital to fund her acquisition with a commercial private money loan because she can't obtain a standard loan from a bank. The cost of the new property is $340,000 and the lender agrees to contribute 75% of the cost (the loan to value / "LTV"), or $255,000. The other $85,000 will be contributed by the borrower when the transaction is executed. The terms of the deal include a 6 month length, a 13% interest rate, and 5 origination points paid by Ola when the deal is closed. By the terms of this deal, Ola will have to pay an origination charge of $12,750 at closing (5% x $255,000 principle) and will then begin making payments of $2,763 per month ($255,000 principle x 13% interest / 12 months per year). Finally, she will make a final payment of the $255,000 principle upon expiration of the note, or before if she chooses to pay off early.

Loan Example 2

Ebony is a an investor in Indianapolis, IN. She locates a run-down property for a rehab project and obtains a private money loan from World Net Capital with the following terms:

$170,000 purchase price
60% loan-to-value (LTV)
6 month term
14% interest rate
5% origination fee

Assuming a $238,000 sales price at the end of the 6 month term, the outcome for this deal would look like the following:

$238,000 sales price
- $102,000 loan principle (60% LTV)
- $68,000 cash paid at closing (40% on 60% LTV)
- $5,100 origination points (5% of the $102,000 principle amount)
- $7,140 total interest paid (6 months x 14% interest)
-----------------------
= $55,760 gross profit (does not include taxes or rehab costs)

No Reviews Yet

World Net Capital currently has no reviews. To add a review now, click the link below:

Write a Review for World Net Capital