CALCAP Lending
- Skylar Glasier
- JOSH LEVINE , CMB
Chief Production Officer
Bridge Loan | |
| Property Types | Multi Family |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $20,000,000 |
| Interest Rate Minimum | 9.75% |
| Interest Rate Maximum | 11% |
| Terms | 3 year |
| Lien Position | 1st |
| Updated as of | 2023-04-04 |
| Program Code | LG135 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, vermont, virginia, washington, west-virginia, wisconsin |
| States Excluded | Minnesota, New Hampshire, North Dakota, South Dakota, Vermont |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 8.5% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2 |
| Terms | 3 years, 5 years |
| Credit Score Min | 680 |
| Interest Only or Amortized | Interest Only |
| LTV Bridge | 75 |
| LTC Construction | 85 |
| Upfront Fees | Underwriting |
| ARV Rehab & Construction | 70 |
| LTC Rehab | 85 |
| LTV Long Term Rental | 80 |
| Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
| Intended Occupancy | Vacant, Tenant |
| Percentage of Budget Financed - Rehab | 100 |
| LTC Percentage of Budget Financed | 100 |
A division of CALCAP Advisors, CALCAP Lending benefits from the expertise of a seasoned team of professionals with extensive, successful track-records covering a variety of disciplines and leading large, nationally-recognized institutions. A private money direct lender, CALCAP Lending provides short to mid-term financing for property investors and businesses looking to purchase, refinance, renovate, and construct residential or commercial properties.
CALCAP Lending is located in Pasadena, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is SFR, 2-4 Units and Multi Family. Their minimum loan amount is $150,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 3 years;5 years. Although rates can change they are typically lending at a minimum rate of 8.5%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1.5. Maximum points charged are 2.
These descriptions are limited information and meant for general reference purposes.