About AmeriCommercial Capital
AmeriCommercial Capital is an Oxford, OH based private money lender. They offer loans in Cincinnati and Cleveland. Their lending focus is mainly on commercial hard money loans. They issue loan amounts starting at $1,000,000. They provide loans on many property types, including multi-family, apartment buildings, offices, retail spaces, hotels/motels, storage buildings, senior facilities, mixed use buildings, warehouse spaces, industrial buildings, medical facilities, and undeveloped land.
Loan Types Offered: Commercial Hard Money Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land
Areas Served: Cincinnati, Cleveland
Lending Guidelines for AmeriCommercial Capital
Below are the general loan guidelines published on the AmeriCommercial Capital website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: $1,000,000 and up
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A
The following loans are for education purposes only. They do not represent actual loans executed by AmeriCommercial Capital.
Loan Example 1
Gary is a small business owner in Cincinnati, OH. He wants to purchase a new commercial building for his company but he is not able to obtain a commercial mortgage from his bank because of his subpar FICO score. He turns to AmeriCommercial Capital for a commercial hard money loan to close the acquisition. The building carries a price tag of $350,000. Gary will have to put 45% down, or $157,500, since the lender will fund only 55% of the transaction (the loan-to-value or "LTV"). This means that the principle amount on the note is $192,500. Additionally, the lender will charge a 2 percent origination fee along with the 9%, 12 month term on the deal. They agree to not enforce a pre-payment penalty in case Gary pays off the loan before it expires. Gary will be required to pay an origination fee of $3,850 and will then start making the interest payments in the amount of $1,444 ($192,500 principle amount x 9% interest / 12 months per year). He can re-pay the note early if he wants to since there isn't a pre-payment penalty but he is responsible for paying off the full principle amount whenever he closes the loan.
Loan Example 2
AmeriCommercial Capital makes a hard money loan to Sallie for a rehab project in Cincinnati, OH. The loan includes the following:
a) A $360,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 4% origination fee.
If Sallie succeeds in her goal of a $540,000 sales price, the outcome of the deal will be the following:
$540,000 sales price
- $234,000 principle (65% LTV)
- $126,000 down payment (35% on 65% LTV)
- $9,360 origination points (4% of the $234,000 principle)
- $45,630 interest payments (18 months x 13% interest)
= $125,010 total profit (does not include taxes or renovation costs)
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