Complex Capital Mortgage

About Complex Capital Mortgage

Complex Capital Mortgage is a Wayzata, MN based private money lender. They offer loans all throughout the US. They provide lending solutions for a variety of needs and situations, including hard money loans for commercial properties, short term bridge loans, and fix-and-flip loans. Their loan parameters are versatile, including loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 80%, terms up to 36 months, and rates ranging between 7.9% and 12%. Their lending parameters require a minimum FICO rating of 650. They primarily offer loans for single family and multi-family units.

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

Property Types Covered: Single Family, Multi Family

Areas Served: National

Lending Guidelines for Complex Capital Mortgage

Below are the general loan guidelines published on the Complex Capital Mortgage 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 Complex Capital Mortgage.

Loan Example 1

Lonnie closes on a $190,000 renovation project in Corpus Christi, TX, using a hard money loan from Complex Capital Mortgage. The terms of the deal include a 70% loan-to-value (LTV), so he must bring 30% of the price as cash to closing, making the principle note amount $133,000. The interest rate on the loan is 12% for a length of 6 months and the lender requires a two point origination fee at the close. The interest is to be paid on a monthly basis and the principle will be returned after the property sells.

Lonnie will need to bring $57,000 at the closing (30% on the 70% LTV), plus he will pay the $2,660 origination fee. The lender will collect $1,330 in monthly interest payments from the Lonnie. This is calculated by taking the total loan amount of $133,000, multiplying by the 12% interest rate, and then dividing that number by 12. Lonnie's intention is to finish the house by the end of the 6 months and resell it for $266,000. If he succeeds he will make a total profit of $65,360 ($266,000 sales price - $133,000 principle - $57,000 down payment - $2,660 origination fee - $7,980 in total interest.

Loan Example 2

Heather is a an investor in Flushing, NY. She buys a run-down townhouse for a rehab project and takes out a fix and flip loan from Complex Capital Mortgage with the following terms:

$360,000 purchase price
80% loan-to-value (LTV)
12 month term
13% rate of interest
2% origination fee

Once the renovation project is finished, if Heather sells the property for $522,000, the outcome would be the following:

$522,000 sales price
- $288,000 principle (80% LTV)
- $72,000 down payment (20% on 80% LTV)
- $5,760 origination points (2% of the $288,000 principle amount)
- $37,440 interest payments (12 months x 13% interest)
-----------------------
= $118,800 total profit (does not include taxes or renovation costs)

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