Resolute Commercial Capital
140A Metro Park
Rochester, NY 14623
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About Resolute Commercial Capital
Resolute Commercial Capital is an asset-based lender in Rochester, NY providing loans all throughout the United States. They offer lending solutions for many different situations and needs, including hard money bridge loans and private commercial loans. They offer loan amounts up to $100,000,000 with a maximum LTV of 80%. They offer loans on all of the following types of properties: multi-family units, apartment buildings, offices, retail units, hotels, storage buildings, senior living communities, mixed use, warehouse spaces, industrial facilities, and medical facilities.
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Loan Types Offered: Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical
Areas Served: National
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Lending Guidelines for Resolute Commercial Capital
Below are the general loan guidelines published on the Resolute Commercial Capital website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money Loans
Loan Amounts: Up to $100,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: Up to $100,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Resolute Commercial Capital.
Loan Example 1
Steven runs a business in Corpus Christi, TX and needs to buy a new office space for his operations. Since he isn't able to obtain a standard loan from a bank, he looks to Resolute Commercial Capital for a commercial hard money loan. Since the borrower and lender contract to a 85% loan to value (LTV), Steven will bring $49,500 at the closing and the loan principle amount will be $280,500 because the cost of the new property is $330,000. Additionally, the lender will require a 3 percent origination fee along with the 13%, 12 month term on the loan. They will not enforce a pre-payment penalty if Steven pays off the note early. By the specifications of this loan, Steven will have to pay origination points of $8,415 when the loan is executed. He will also start making payments of $3,039 each month throughout the duration of the note and will pay back the principle at the end of the 12 month term. Should he decide to repay the note early, he can do so without an additional cost because there is no pre-payment penalty attached to the note.
Loan Example 2
Resolute Commercial Capital makes a bridge loan to Cathleen for a remodeling project in Salem, OR. The loan dictates the following:
a) A $220,000 purchase price, b) a 70% loan-to-value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 4% origination fee.
Cathleen plans to sell the house at the end of the term for $330,000. If she achieves this goal, the outcome will be the following:
$330,000 sales price
- $154,000 principle (70% LTV)
- $66,000 cash paid at closing (30% on 70% LTV)
- $6,160 origination fee (4% of the $154,000 principle)
- $30,030 interest payments (18 months x 13% interest)
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= $73,810 gross profit (does not include taxes or rehab costs) -
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