Mesa West Capital

About Mesa West Capital

Headquartered in Los Angeles, CA, Mesa West Capital is a hard money lender offering funding across the US. Their focus is primarily on private commercial loans. They offer loan amounts ranging from $20,000,000 to $300,000,000 with a maximum LTV of 75%, rates ranging between 3% and 5%, and terms between 24 months and 120 months. They make loans on most types of properties, including multi family, retail spaces, offices, apartment buildings, industrial buildings, and storage buildings.

Loan Types Offered: Commercial Hard Money Loans

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

Areas Served: National

Lending Guidelines for Mesa West Capital

Below are the general loan guidelines published on the Mesa West 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 Mesa West Capital.

Loan Example 1

Mesa West Capital issues a private money loan to Latonya for the purchase of a new office space after she is denied a conventional mortgage loan by her local bank because she has a subpar credit rating. The new building costs $390,000. Based on a 75% loan-to-value (LTV) stipulated by the lender, the loan principle amount will be $292,500. The remaining $97,500 will be be funded by the borrower. The lender also lays out the following terms of the deal: 1) a 12% rate of interest, 2) a 12 month term with interest-only payments to be paid monthly, 3) an origination fee of 4 points paid by the borrower at closing, and 4) no pre-payment penalty. By the terms of this loan, Latonya will be required to pay an origination fee of $11,700 at the closing (4% x $292,500 principle value) and will then start making payments of $2,925 per month ($292,500 principle value x 12% interest / 12 months). Finally, she will make a balloon payment of the $292,500 principle value upon expiration of the loan, or sooner if she decides.

Loan Example 2

Luis takes out a private money loan from Mesa West Capital so he can rehab a townhouse to re-sell in Sacramento, CA. The deal has the following terms:

$380,000 purchase price
75% loan to value (LTV)
18 month term
12% interest rate
3% origination fee

If Luis succeeds in his goal of a $513,000 sales price, the final numbers of the project would be the following:

$513,000 sales price
- $285,000 loan principle (75% LTV)
- $95,000 down payment (25% on 75% LTV)
- $8,550 origination fee (3% of the $285,000 principle amount)
- $51,300 total interest paid (18 months x 12% interest)
-----------------------
= $73,150 gross profit (doesn't include taxes or renovation costs)

No Reviews Yet

Mesa West Capital currently has no reviews. To add a review now, click the link below:

Write a Review for Mesa West Capital