Hard Money Loan Lending Parameters

FK CAPITAL FUND is a direct bridge lender and wholesale hard money lender based in San Clemente, California. We successfully serve California’s bridge lending market by providing short-term hard money loans secured by commercial and residential real estate. Our financing is fast, flexible and structured around each individual client. We come from a background of real estate development, investing, and real estate law. Our knowledge of the real estate market enables us to create a niche that is win-win for everyone.

Traditional Hard Money Program

This traditional hard money loan program is for both residential and commercial properties. We also syndicate to facilitate larger loan amounts as needed.

Interest Rates: As Low as 8.0%
LTV: Up to 70%
Lien Position: 1st Trust Deeds Only
Loan Fee: 0 – 2 Pts
Commitment Fees: None
Loan Amount: $50,000 and Up
Loan Term: Up to 36 Months
Documentation: Appraisals Required – CBC
Underwriting Times: 48 Hours
Closing Times: As little as 7 days
Geography: California Only

Property Types

SFR
Multi-family
Retail Centers
Office Buildings
Warehouse/ Industrial
Mixed Use Properties
Hospitality (low LTV)

Submission Requirements

Submission Form or Online Submission Form
1003 Application or 1003 Worksheet
Credit Report or Verbal of Credit Score

Profit and Loss (if applicable)
Current Rent Roll (if applicable)
Color Photos or Appraisal

Frequently Asked Questions
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Soft Money Stated Income Program

Generally this stated income loan is for prime borrowers who are just outside the requirements set down by institutional commercial lenders.

Interest Rates: As Low as 6.99%
LTV: Up to 75%
Lien Position: 1st Trust Deeds Only
Loan Fee: 1 – 3 Pts
Commitment Fees: None
Loan Amount: $100,000 and Up
Loan Term: 36 Months
Documentation: Appraisals Required
Underwriting Times: 48 Hours
Closing Times: 30 – 45 Days
Geography: Nationwide except:
ND, SD, NV, MN, TN, AZ, OR, CA & VT
Geography Exceptions: ID – Commercial Only**
MI & IL – Residential Only**
FL – Must Lend to an Entity
VA – Must Lend to an Entity

Property Types

Multi-family
Retail Centers
Office Buildings
Warehouse/ Industrial
Mixed Use Properties
Residential**

Submission Requirements

Submission Form or Online Submission Form
1003 Application or 1003 Worksheet
Credit Report or Verbal of Credit Score

Profit and Loss (if applicable)
Current Rent Roll (if applicable)
Color Photos or Appraisal

Frequently Asked Questions
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2nd Trust Deed Program

Residential properties preferred and some commercial considered for this second trust deed program.

Interest Rates: Starting at 12%
LTV: Up to 75%
Lien Position: 2nd Trust Deeds
Loan Fee: 2 – 5 Pts
Commitment Fees: None
Loan Amount: $25,000 and Up
Loan Term: Up to 36 Months
Documentation: Appraisals Required – CBC
Underwriting Times: 48 Hours
Closing Times: As little as 7 days
Geography: California Only

Property Types

SFR
Multi-family
Limited Commercial

Submission Requirements

Submission Form or Online Submission Form
1003 Application or 1003 Worksheet
Credit Report or Verbal of Credit Score

Profit and Loss (if applicable)
Current Rent Roll (if applicable)
Color Photos or Appraisal

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Owner Occupied Private Money

Proof of ability to pay strictly enforced for our owner occupied hard money loan. FK Capital Fund, Inc. to work directly with the borrower.

Interest Rates: As Low as 6.5%
LTV: Up to 75%
Lien Position: 1st Trust Deeds Only
Loan Fee: 1 – 2 Pts
Commitment Fees: None
Loan Amount: $25,000 and Up
Loan Term: 7 Year Fixed, 30 Year Amortization
Documentation: Appraisals Required
Underwriting Times: 48 Hours
Closing Times: 14 – 30 Days
Geography: California Only

Property Types

Multi-family
Retail Centers
Office Buildings
Warehouse/ Industrial
Mixed Use Properties

Submission Requirements

Submission Form or Online Submission Form
1003 Application or 1003 Worksheet
Credit Report or Verbal of Credit Score

Profit and Loss (if applicable)
Current Rent Roll (if applicable)
Color Photos or Appraisal

Frequently Asked Questions
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Long Term Private Money Program

This program differs from our Traditional Hard Money Program only in that we offer longer terms. Much more selective process for borrower and property.

Interest Rates: As Low as 8.0%
LTV: Up to 60%
Lien Position: 1st or Trust Deeds
Loan Fee: 1 – 2 Pts
Commitment Fees: None
Loan Amount: $100,000 and Up
Loan Term: Up to 120 Months
Documentation: Appraisals Required
Underwriting Times: 48 Hours
Closing Times: As little as 14 days
Geography: California Only

Property Types

SFR
Multi-family

Submission Requirements

Submission Form or Online Submission Form
1003 Application or 1003 Worksheet
Credit Report or Verbal of Credit Score

Color Photos or Appraisal

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Construction Loans

The strength of the principal is a key component for this private money construction loan program. Typically we will do up to 75% of the cost of the project. We will consider a loan for only the entitlements or can do all of the construction. FK Capital Fund, Inc. to work directly with the borrower.

Interest Rates: As Low as 9.0%
LTV: Up to 75% of Cost
Lien Position: 1st Trust Deeds Only
Loan Fee: Starting at 3 pts
Commitment Fees: $2,500+ Depending on Loan Amount
Loan Amount: $500,000 and Up
Loan Term: 12 Month Term w/ Extensions
Documentation: Appraisals Required – CBC
Underwriting Times: 48 Hours
Closing Times: 30 Days+/-
Geography: Western United States

Property Types

Multi-family
Retail Centers
Office Buildings
Warehouse/ Industrial
Mixed Use Properties

Submission Requirements

Submission Form or Online Submission Form
1003 Application or Personal Financial Statement
Credit Report or Verbal of FICO Score
Resume of Borrower

Status of the Purchase Escrow (if applicable)
Description of Current Improvements
Description of Future Improvements
Renderings
Proposed Floor Plan (if available)
Short Executive Summary

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High LTV Investor Rehab Loan Program

FK Capital Fund offers a unique high LTV / ARV loan program specifically tailored to rehab investors. The below term sheet represents a closed transaction and in this case calculates out to over 120% loan-to-cost which enables investors to purchase many more properties than your average hard money or conventional loan. This translates to 65% of the After Repaired Value. All loans require cash equity into the transaction from the loan sponsor. FK Capital Fund, Inc. to work directly with the borrower.  Here is a real-world example of the program:

Purchase Price $85,000
After Repair Value: $160,000
Loan Amount: $105,000 (65% of After Repair Value)
Interest Rate: Starting at 11%
Interest Reserve: 3 – 12 Months
Points: Starting at 4 Points
Site Inspection Fee: $250 – $1500 depending on location
Loan Term: 6 – 24 Months
Geography: California Only
Fund Control – Rehab: $20,000
Closing Times: 14 Days from Site Inspection
Funds to Close: $17,000

Property Types

SFR
Multi-family
Condominium
Limited Construction

Ask us for Exceptions

Submission Requirements

Submission Form or Online Submission Form
1003 Application or 1003 Worksheet
Credit Report or Verbal of Credit Score
Rehab Budget

Color Photos or MLS Listing

Frequently Asked Questions
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