Hard Money Loan Lending Parameters
FK CAPITAL FUND is a 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.
| Interest Rates: | As Low as 8.99% |
| LTV: | Up to 70% |
| Lien Position: | 1st & 2nd Trust Deeds |
| Loan Fee: | 0 – 2 Pts |
| Commitment Fees: | None |
| Loan Amount: | $50,000 and Up |
| Loan Term: | Up to 36 Months |
| Documentation: | Stated Income |
| Underwriting Times: | 48 Hours |
| Closing Times: | As little as 3 days |
| Geography: | California Only |
General Guidelines
– Brokers Accepted.
– Will make exceptions up to 120 months.
– Par pricing options available on most loan offers.
– Strong verifiable income is a compensating factor.
– 75% LTV Allowed via 1st & 2nd trust deed
– Closing in 3-7 days requires a full file at submission
– 2nd Trust Deeds must be subordinate to institutional 1st
Submission Requirements
Online Submission Form
Submission Form (.pdf)
Submission Requirements
Online Personal Financial Statement
High LTV Investor Rehab Loan Program ‘Fix & Flip’
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. Here is a real-world example of the program:
| Purchase Price | $85,000 |
| After Repair Value: | $160,000 |
| Loan Amount: | $105,000 (65% of ARV) |
| Interest Rate: | Starting at 11% |
| Interest Reserve: | 3 – 12 Months |
| Points: | Starting at 2 Points |
| Site Inspection Fee: | $250 – $1500 |
| Loan Term: | 6 – 24 Months |
| Geography: | California Only |
| Fund Control: | $20,000 |
| Closing Times: | 14 Days from Site Inspection |
| Funds to Close: | $17,000 |
General Guidelines
Prefer Southern CA.
65% of ARV or a Minimum of 15% of Total Cost from Sponsor.
Submission Requirements
Online Submission Form
Submission Form (.pdf)
Submission Requirements
Online Personal Financial Statement
Construction Loans
The strength/experience of the principal/sponsor is a key component for this private money construction loan program. Typically we will lend up to 75% of the cost of the project. We will focus on shovel/ready construction projects.
| Interest Rates: | As Low as 9.99% |
| LTV: | Up to 75% of Cost |
| Lien Position: | 1st Trust Deeds Only |
| Loan Fee: | Starting at 2 pts |
| Commitment Fees: | CBC |
| Loan Amount: | $500,000 and Up |
| Loan Term: | Up to 24 Months w/ Extensions |
| Documentation: | Stated Income |
| Underwriting Times: | 48 Hours |
| Closing Times: | 30 Days+/- |
| Geography: | CA Only |
General Guidelines
Strong verifiable income is a compensating factor.
Submission Requirements
Online Submission Form
Submission Form (.pdf)
Submission Requirements
Online Personal Financial Statement
Land Loans
Generally, land loans are offered to borrowers who have a specific strategy with the land itself, not for land banking or cash out for other investments.
| Interest Rates: | As Low as 9.99% |
| LTV: | Up to 50% |
| Lien Position: | 1st Trust Deeds Only |
| Loan Fee: | Starting at 2 pts |
| Commitment Fees: | CBC |
| Loan Amount: | $100,000 and Up |
| Loan Term: | Up to 24 Months w/ Extensions |
| Documentation: | Stated Income |
| Underwriting Times: | 48 Hours |
| Closing Times: | 30 Days+/- |
| Geography: | CA Only |
General Guidelines
50% max LTV for infill lots
Lower LTV offered for acreage
Submission Requirements
Online Submission Form
Submission Form (.pdf)
Submission Requirements
Online Personal Financial Statement