About CJZ Capital
CJZ Capital is a Denver, CO based hard money lender. They provide funding in Denver. Their lending focus is primarily on fix and flip hard money loans. They provide loans with a maximum LTV of 75%. They primarily make loans on single family.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family
Areas Served: Denver
Lending Guidelines for CJZ Capital
Below are the general loan guidelines published on the CJZ Capital website. Please confirm all terms and rates directly with the lender.
Fix and Flip LoansLoan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: 5%
Max Loan-to-Value (LTV): 75%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
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 CJZ Capital.
Loan Example 1
Paul finds a house in Denver, CO to rehab and resell. Since he does not have enough cash on-hand to purchase the $210,000 property outright, he decides to take out a fix and flip loan from CJZ Capital. The terms of the deal include a 65% loan-to-value (LTV), so he must contribute 35% of the price as cash at closing, which makes the principle loan amount $136,500. The note is interest only, paid monthly, and is for 6 months at 11% interest with 4 origination points paid at closing.
In accordance with the terms of the deal, Paul will be required to contribute a $5,460 origination fee plus 35% of the purchase price, or $73,500, since there is a 65% LTV. he must then pay $1,251 per month to CJZ Capital. Assuming he sells the renovated project for $315,000 at the end of the 6 month term, his gross profit (not accounting for renovation expenses) would be $92,033. This is calculated by taking the sales price ($315,000) and subtracting the principle ($136,500), the origination cost ($5,460), the cash he contributed to closing ($73,500), and the total interest expenses ($7,508).
Loan Example 2
CJZ Capital issues a private money loan to Jesus for a renovation project in Denver, CO. The loan includes the following:
$180,000 sales price
70% loan-to-value (LTV)
18 month term
9% rate of interest
3% origination fee
Based on a $234,000 sales price at the end of the 18 month term, the final numbers for the deal would look like the following:
$234,000 sales price
- $126,000 note principle (70% LTV)
- $54,000 down payment (30% on 70% LTV)
- $3,780 origination fee (3% of the $126,000 principle)
- $17,010 total interest paid (18 months x 9% interest)
= $33,210 total profit (doesn't include taxes or renovation costs)
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