1st Private Capital is a private money mortgage firm specializing in fulfilling the needs of small to medium sized real estate investors on both the buyer and trust deed investor side. This company was formed to simplify and streamline the process of securing funds for investing in real estate.
The following are a few key highlights we use to structure our loans:
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Start with our short form application.
From there someone from our office will contact you to get more information and go over your goals in more detail.
Our onboarding process is simple.
After your initial consultation you will receive an email with a checklist of items needed to move forward. You will also get access to our online portal where you can monitor the progress of your loan step by step
Letter of Intent
After thorough review of your goals , needs, and qualification we will present you with a LOI (Letter of Intent) This LOI will have 3 options from you to choose from. It will also outline the remaining steps needed to close.
Close in a matter of days, not weeks.
We developed a streamline process that allows for a smooth close. With over 20 years of experience we have the foresight to anticipate and remove any potential stumbling blocks. Coupled with leveraging todays technology, we can close your loan in as little three days .
The vast majority of our clients are repeat borrowers.
We pride ourselves on being able to set up our borrowers to compete the fast paced environment of flipping houses.
The main requirement for getting a hard money loan is having the required down payment or equity in a particular property to use as collateral for the loan. The minimum amount usually ranges from 20% to 30% for residential properties, and 30% to 40% for commercial ones.
Using on online portal you will have full access to your file and the stages you are on at all times
We are mostly equity-based, however we do like to review your credit report for various reasons.
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