TRUE HARD MONEY BY CAPELLA MORTGAGE
We do it all types of:
Fix and Flips
True Bridge
Investment
Commercial
Land
Construction
In the middle of construction
Hairy Deals
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Hello
OWNER OCCUPANTS = MAX 80% LTV
To purchase a home to live in, you must have 20% down plus the closing costs. To figure out how much you qualify for, take the amount of money you have and divide it by .25
fixers and flippers max = 125% ltv
You should have either enough to fix the property up with your own money, OR you should have a lot of experience in rehabbing houses and you will need a property with a lot of equity. Hard money lenders will only lend up to 70% of the AFTER REPAIR VALUE of the home. Click Here for Details.
Capella Mortgage Accepting Broker Applications
It's easy to submit your first loan today. There are two ways to participate: #1 have your broker sign up, and your broker will get paid the commission, and he will pay you from that, or #2 submit the loan and everything you have gathered, we will close the loan, and you can refinance the customer when it is time.
what type of loans can you broker?
Owner Occupied
Did you know there was such a thing as an owner occupied private money loan? Higher priced mortgage loans and high cost mortgage loans are the technical names for these types of loans that we do every day.
multi-family
from 2 units to 100 units and beyond. Is there a distressed property you absolutely must have and you don't have the down payment? Call us. We can participate.
Strange Properties
Land, farms, hemp, gas stations, development, paper lots, we're like Farmer's Insurance: we've seen it all and we've loaned on all of it.
Rental Properties
Of course! Everyone does those.
Fix and Flip / Construction
YES. Absolutely 100%. In fact, we will lend 100% of the purchase price as long as it is not over 70% After Repair Value. Of course, if there are other issues, we will adjust the loan amount, but call us to find out! 702-214-4700
CALL US ANYTIME!
(702) 214-4700
CAPELLA MORTGAGE CAN CLOSE OWNER OCCUPIED LOANS IN 6 STATES:
NEVADA - COLORADO
CALIFORNIA - ARIZONA
TEXAS - NEW MEXICO
WE CAN CLOSE NON-OWNER OCCUPIED PROPERTIES IN 35 STATES.
Nevada Lic# 456, CA DRE 02039246, New Mexico, Texas, Arizona MB-0942970 and MB-BR-0122789, Colorado