California Private Lender for Mortgage Brokers

Bridge • 2nd Trust Deeds • Ground-Up Construction across California.
Fast, clear feedback and a repeatable submission process.

FK CAPITAL FUND is committed to responsible lending and helping brokers become successful as well as filling the gap for borrowers. We are a direct, wholesale hard money lender and our wholesale lending channel is specifically tailored for brokers or bankers who share our vision. We recognize the importance of all referral sources and appreciate your continued support. Call or email to speak with one of our experienced professionals today.

Deal Certainty | California focus | Business-purpose loans | $100,000 minimum loan amount | Up to 70% LTV

Proof of execution: Featured Transactions

Quick Guidelines

  • Bridge (Purchase / Refinance)
  • Residential, Commercial, and Land
  • 2nd Trust Deeds
  • Ground Up Construction
  • Rehab Loans

General Parameters

  • Minimum loan amount:  $100,000
  • Up to 70% LTV (deal dependent)
  • California only
  • Informational only; not an offer to lend. Business-purpose transactions
Traditional Private Money Construction Loans
1st
Trust Deed		 2nd
Trust Deed		 Land Loans High LTV
Rehab Loans		 Construction
Loans
  Interest Rates: As low as 9.99%6 As low as 10.99%6 As low as 10.99%6 As low as 9.99%6 As low as 9.99%6
  Max LTV/CLTV: Up to 70%1 Up to 70%1 Up to 50%2 Up to 85% LTC
65% of ARV		 Up to 75% of Cost
65% of ARV
  Appraisal: Appraisal, BPO and/or Site Inspection Required Case-by-Case
  Loan Purpose: Business Purpose Loans Only
  Lien Position: 1st 2nd 1st
  Loan Amount: Up to $3,000,0008
  Loan Term: Up to 36 Months4 12 Months3 4 12 Months w/ Extensions
  Prepay: Case-by-Case None
  Loan Fees: 1 – 3 pts 2 – 4 pts 2 – 3 pts
  Closing Times: As little as 3 days with Full Package7 2 – 4 Weeks
  Geography: California Only
  Property Types: Residential & Commercial Residential5
1 Compensating Factors Required for LTV’s between 65% and 70%. Loan may be structured as 1st and 2nd Trust Deed.

2 Infill lots to 50% LTV. Raw land loans to 25% LTV.

3 A strategy with the subject property is required

4 Exceptions available to a 120 month term.
5 Some limited commercial construction is available.

6 Exceptions available for a lower rate for well qualified borrowers.

7 Full Package includes title, insurance, appraisal/valuation, etc.

8 Higher loan amounts considered Case-by-Case.

Final pricing including rates, fees, and maximum LTV/CLTV may vary based on the loan and borrower parameters according to our underwriting guidelines and the risk profile.

Submission Requirements

Download our PDF Submission Requirements here.

For Initial Review/Submission:
Online Submission Form or
PDF Version
Application
Appraisal, Color Photos, or MLS Link
Purchase Agreement (if a purchase)
Credit Report (if available)
To Close:
Appraisal/Valuation
2 Months Bank Statements and Voided Check
Copy of Driver’s License or Other ID
Insurance
Lease Agreement(s)
Title/Escrow (if a purchase)
Entity Docs (if applicable
For Initial Review/Submission:
Online Submission Form or
PDF Version
Application
Appraisal, Color Photos, or MLS Link
Mortgage Statement on 1st
Credit Report (if available)
To Close:
Appraisal/Valuation
2 Months Bank Statements and Voided Check
Copy of Driver’s License or Other ID
Insurance
Lease Agreement(s)
Promissory Note on 1st
Entity Docs (if applicable
For Initial Review/Submission:
Online Submission Form or
PDF Version
Application
Appraisal, Color Photos, or MLS Link
Purchase Agreement (if a purchase)
Credit Report (if available)
PDF Copy of the Plans (refi only or if available)
Rough Budget
Itemization of monies spent to date (refi only)
Sponsor & GC Resume/Bio
Copies of Permits (if currently available)
To Close:
Appraisal/Valuation
2 Months Bank Statements and Voided Check
Copy of Driver’s License or Other ID
Insurance
Finalized Budget
Contract with GC including GC insurance
Contract with Architect
Copies of Permits
Entity Docs
3rd Party Reports – soils, survey, etc. (as applicable)
For Initial Review/Submission:
Online Submission Form or
PDF Version
Application
Appraisal, Color Photos, or MLS Link
Purchase Agreement (if a purchase)
Credit Report (if available)
Previous Year & YTD P&L
Rent Roll
Any Environmental Work Available
P&L & Balance Sheet of Borrower’s Business (if owner user)
To Close:
Appraisal/Valuation
2 Months Bank Statements and Voided Check
Copy of Driver’s License or Other ID
Insurance
Lease Agreement(s)
Title/Escrow (if a purchase)
Entity Docs (if applicable
Environmental Review (internal)
For Initial Review/Submission:
Online Submission Form or
PDF Version
Application
Appraisal, Color Photos, or MLS Link
Mortgage Statement & Promissory Note on 1st
Credit Report (if available)
Previous Year & YTD P&L
Rent Roll
Any Environmental Work Available
P&L & Balance Sheet of Borrower’s Business (if owner user)
To Close:
Appraisal/Valuation
2 Months Bank Statements and Voided Check
Copy of Driver’s License or Other ID
Insurance
Lease Agreement(s)
Promissory Note on 1st
Entity Docs (if applicable
Environmental Review (internal
For Initial Review/Submission:
Online Submission Form or
PDF Version
Application
Appraisal, Color Photos, or MLS Link
Purchase Agreement (if a purchase)
Credit Report (if available)
PDF Copy of the Plans (refi only or if available)
Rough Budget
Itemization of monies spent to date (refi only)
Sponsor & GC Resume/Bio
Copies of Permits (if currently available)
To Close:
Appraisal/Valuation
2 Months Bank Statements and Voided Check
Copy of Driver’s License or Other ID
Insurance
Finalized Budget
Contract with GC including GC insurance
Contract with Architect
Copies of Permits
Entity Docs
3rd Party Reports – soils, survey, etc. (as applicable)
More Featured Transactions

Broker FAQ

$100,000 is our minimum loan amount.  Less by exception.

Generally, we would max out around $6,000,000.

At max loan to value, we generally require an appraisal, but we also will accept Broker Price Opinions or internal valuations.

We will lend to LLCs and corporations.

We will lend on all kinds of commercial properties.

We will lend on land.

A personal guarantee is not required in all instances.

We do seconds, but only behind institutional loans.  We will not be subordinate to hard money loans.

We can draw loan docs and close in 1 day with a full package.

  • Deal summary
  • Application
  • Credit
  • Title Report
  • Valuation
  • Insurance
  • Driver’s License
  • 1st mortgage statement and note (for 2nd loans)
  • Purchase agreement (if a purchase)
  • Entity docs (if applicable)
  • Lease agreement (if applicable)
  • 2 months bank statements and voided check

Yes, but we require significant skin in the game for land development.

We only charge interest on the amount drawn.

Tools and Documents

SUBMISSION FORM (ONLINE)
Submission Form (.pdf)
1003 APPLICATION (ONLINE)
1003 Application (.pdf)
Schedule of Real Estate Owned (.xls)
Rent Roll – Multifamily (.xls)
Rent Roll – Commercial (.xls)
Profit & Loss Form (.xls)

With every wholesale hard money loan submission, please include either photos, an MLS listing, an appraisal, and our Submission Form Online or PDF version. See our Submission Requirements for more specific details.

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