Maggio Capital

About Maggio Capital

Maggio Capital is a hard money lender in San Diego, CA providing funding throughout California. They offer short term fix and flip loans, private commercial loans, refinancing, and rental property loans. Their lending guidelines are versatile, including loan amounts ranging from $50,000 to $5,000,000 with a maximum LTV of 75% and terms between 12 months and 36 months. They do not require a minimum credit score to receive a loan. They provide loans on all the following types of properties: single family units, multi family, apartment buildings, offices, retail spaces, mixed use buildings, and industrial facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial

Areas Served: CA

Licenses: Broker License #01883341

Lending Guidelines for Maggio Capital

Below are the general loan guidelines published on the Maggio Capital 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 Maggio Capital.

Loan Example 1

Maggio Capital makes a fix-and-flip loan to Lisa for a renovation project in Los Angeles, CA, on a house that is listed for $340,000. The loan to value (LTV) on the deal is 70%. This means Lisa will have to bring 30% of the sales price to the closing and the principle amount will be $238,000 on the deal. The parameters of the loan dictate a 8% note for 6 months. They also stipulate a 2 point origination fee, that will also be paid upon closing.

In addition to paying the $4,760 origination fee, Lisa will also have to fund $102,000 of the purchase with her own funds, or 30% of the sales price. The monthly interest only payments will then total $1,587 to Maggio Capital. Lisa's plan is to finish the remodel by the end of the 6 months and resell it for $425,000. If she succeeds she will collect a gross profit of $70,720 ($425,000 sales price - $238,000 principle amount - $102,000 funds brough to closing - $4,760 origination fee - $9,520 in total interest paid.

Loan Example 2

Karen finds a townhouse in Los Angeles, CA to renovate and resell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Maggio Capital with the following parameters:

$320,000 purchase price
60% loan-to-value (LTV)
12 month term
8% rate of interest
3% origination fee

Assuming a $432,000 sales price at the end of the 12 month term, the final numbers for this project would look like the following:

$432,000 sales price
- $192,000 loan principle (60% LTV)
- $128,000 cash paid at closing (40% on 60% LTV)
- $5,760 origination fee (3% of the $192,000 principle amount)
- $15,360 total interest paid (12 months x 8% interest)
-----------------------
= $90,880 total profit (doesn't include taxes or renovation costs)

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