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

Back to Top

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 4 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.

Back to Top

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.

Back to Top

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

Back to Top

    EMAIL UPDATES