Roc Capital

About Roc Capital

Headquartered in New York, NY, Roc Capital is a hard money lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, hard money bridge loans, and commercial hard money loans. Their loan guidelines are flexible, including rates starting at 11% , loan amounts ranging from $100,000 to $2,000,000 with a maximum LTV of 65%, and terms up to 18 months. They offer loans on most property types, including single family residences, multi-family, apartment buildings, offices, retail units, and industrial buildings.

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

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

Areas Served: National

Lending Guidelines for Roc Capital

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

Loan Example 1

Armando finds a house in Atlanta, GA to renovate and resell. Since he doesn't have enough cash on-hand to purchase the $250,000 house outright, he takes out a fix-and-flip loan from Roc Capital. Since the lender sets a 85% loan-to-value, Armando will be required to put 15% down and the principle amount of the note will be $212,500. The parameters of the deal dictate a 11% note for 18 months. They also stipulate a 2 point origination fee, that will also need to be paid upon closing.

On top of the $4,250 origination fee, Armando will also need to fund $37,500 of the purchase with his own cash, or 15% of the sales price. he must then pay $1,948 per month to the lender. Armando 's intention is to complete the project by the end of the 18 months and resell it for $337,500. If he succeeds he will make a total profit of $48,188 ($337,500 sales price - $212,500 principle amount - $37,500 cash paid at closing - $4,250 origination points - $35,063 in total interest.

Loan Example 2

Roc Capital makes a hard money loan to Francisco for a renovation project in Aurora, CO. The deal includes the following:

$370,000 purchase price
85% loan-to-value (LTV)
12 month term
11% interest rate
5% origination fee

Assuming a $481,000 sales price after the 12 month term, the numbers for this project would look like the following:

$481,000 sales price
- $314,500 principle (85% LTV)
- $55,500 cash paid at closing (15% on 85% LTV)
- $15,725 origination points (5% of the $314,500 principle amount)
- $34,595 total interest paid (12 months x 11% interest)
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= $60,680 total profit (does not include taxes or rehab costs)

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