Speritas Capital Partners

About Speritas Capital Partners

Speritas Capital Partners is a Cos Cob, CT based private lender. They offer funding all throughout the country. Their focus is primarily on hard money loans for commercial properties. They make loans on all the following types of properties: multi-family units, apartments, office buildings, retail spaces, hotels/motels, storage facilities, senior communities, mixed use spaces, warehouse buildings, industrial buildings, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Speritas Capital Partners

Below are the general loan guidelines published on the Speritas Capital Partners 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 Speritas Capital Partners.

Loan Example 1

In order to purchase a new commercial building for his small business, Jon looks to Speritas Capital Partners to fund his purchase with a commercial hard money loan because he is unable to obtain a standard loan from a bank. The price of the property is $190,000 and the lending company agrees to contribute 55% of the price (the loan-to-value / "LTV"), or $104,500. The other $85,500 will have to be paid by the borrower when the sale is closed. The terms of the note include a 18 month term, a 9% rate of interest, and a 5 origination fee to be paid by the borrower when the deal is closed. Jon will have to pay an origination fee of $5,225 and he will then start making the interest payments of $784 ($104,500 principle x 9% interest rate / 12 months in a year). He may pay back the note whenever he wants to because there isn't a pre-payment penalty but he will be responsible for paying off the original principle whenever he closes the loan.

Loan Example 2

Greg is a an investor in Orlando, FL. He buys a run-down property for a renovation project and takes out a hard money loan from Speritas Capital Partners with the following features:

$290,000 purchase price
60% loan-to-value (LTV)
18 month term
13% interest rate
3% origination fee

Greg plans to sell the house at the end of the term for $420,500. If he succeeds, the outcome would be the following:

$420,500 sales price
- $174,000 loan principle (60% LTV)
- $116,000 down payment (40% on 60% LTV)
- $5,220 origination points (3% of the $174,000 principle)
- $33,930 interest payments (18 months x 13% interest)
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= $91,350 total profit (does not include taxes or renovation costs)

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