Athas Capital Group

About Athas Capital Group

Athas Capital Group is a private lender based in Calabasas Hills, CA offering loans across the US. They offer fix-and-flip hard money loans and hard money loans for commercial properties. Their lending guidelines are flexible, including loan amounts ranging from $100,000 to $2,000,000 with a maximum LTV of 70%, terms up to 12 months, and rates starting at 6.99% . They require a minimum credit rating of 500 to receive a loan. They offer loans on numerous types of properties, including multi family residences, retail units, offices, apartment buildings, industrial buildings, storage buildings, and warehouse spaces.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Multi Family, Retail, Office, Apartment, Industrial, Storage, Warehouse

Areas Served: National

Licenses: California Finance Lenders Law License # 603 F869, NMLS# 275237

Lending Guidelines for Athas Capital Group

Below are the general loan guidelines published on the Athas Capital Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Athas Capital Group.

Loan Example 1

Virgie finds a condo in Boston, MA to rehab and re-sell. Since she does not have enough cash available to acquire the $280,000 property outright, she takes out a private money loan from Athas Capital Group. As the lender agrees to a 55% loan to value, Virgie will need to put 45% down so the total amount of the note will be $154,000. The deal also has the following features: 1) a 18 month length, 2) a 13% interest only note, and 3) a three point origination fee.

Virgie will have to bring $126,000 to closing (45% on the 55% LTV), plus she will need to pay the $4,620 origination fee. The monthly interest only payments will then total $1,668 to the lender. At the expiration of the loan, she sells the rehabed property for $364,000. After subtracting the $30,030 in total interest payments ($1,668 multiplied by 18 months), the $4,620 origination fee, the $154,000 principle amount on the loan, and the $126,000 she contributed to the closing, she will earn a total profit of $49,350 ($364,000 sales price minus $314,650 in total costs). This profit would be reduced by any rehab costs paid by Virgie.

Loan Example 2

Athas Capital Group issues a loan to Edgar for a renovation project in Salem, OR. The deal dictates the following:

$240,000 purchase price
60% loan-to-value (LTV)
18 month term
9% interest rate
1% origination fee

If Edgar achieves his goal of a $336,000 sales price, the final numbers of the project will be as follows:

$336,000 sales price
- $144,000 loan principle (60% LTV)
- $96,000 cash paid at closing (40% on 60% LTV)
- $1,440 origination fee (1% of the $144,000 principle amount)
- $19,440 total interest paid (18 months x 9% interest)
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= $75,120 gross profit (doesn't include taxes or renovation costs)