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

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)
-----------------------
= $60,680 total profit (does not include taxes or rehab costs)

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