Mountain Real Estate Capital

About Mountain Real Estate Capital

Based in Charlotte, NC, Mountain Real Estate Capital is an asset-based lender providing loans across the country. They provide ground up construction loans and hard money loans for commercial properties. They provide loans on all the following property types: apartments, multi family residences, offices, retail units, and undeveloped land.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans

Property Types Covered: Apartment, Multi Family, Office, Retail, Land

Areas Served: National

Lending Guidelines for Mountain Real Estate Capital

Below are the general loan guidelines published on the Mountain Real Estate 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 Mountain Real Estate Capital.

Loan Example 1

In order to purchase a new office space for her growing business, Eula looks to Mountain Real Estate Capital to fund her acquisition with a commercial hard money loan since she is unable to obtain a standard loan from a bank. The new building will cost $170,000. Since there is a 75% loan to value (LTV) stipulated by the lender, the loan principle amount is $127,500. The remaining $42,500 will be be paid by the borrower. Additionally, the lender will collect a 1 percent origination fee along with the 8%, 12 month term on the deal. They will not enforce a pre-payment penalty in the event that Eula pays off the note early. By the terms of the loan, Eula will need to pay an origination charge of $1,275 at the closing (1% x $127,500 principle) and will then start making payments of $850 per month ($127,500 principle x 8% interest / 12 months per year). she will also make a balloon payment of the $127,500 principle when the loan expires, or sooner if she decides to pay off early.

Loan Example 2

Trudy takes out a loan from Mountain Real Estate Capital so she can renovate a townhome to flip in Oxnard, CA. The loan has the following parameters:

$370,000 sales price
85% loan to value (LTV)
6 month term
11% interest rate
2% origination fee

After the renovation project is completed, if Trudy sells the house for $499,500, the final numbers would be as follows:

$499,500 sales price
- $314,500 note principle (85% LTV)
- $55,500 cash paid at closing (15% on 85% LTV)
- $6,290 origination points (2% of the $314,500 principle amount)
- $17,298 total interest paid (6 months x 11% interest)
-----------------------
= $105,913 gross profit (does not include taxes or renovation costs)

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