Programs
SFR, Condo and 2-4 units
1st Liens
- Up to 75% LTV.
- Rates from 9.99%.
- 12 – 24 months loan term.
- Minimum 600 FICO, lower – exception only.
2nd Liens
- Up to 65% CLTV.
Multifamify
1st Liens
- Loan-to-Value (LTV) up to 75%.
- Interest rates starting from 9.99%.
- Loan term options ranging from 12 to 24 months.
- Minimum FICO score of 600, with exceptions considered for lower scores.
2nd Liens
- Combined Loan-to-Value (CLTV) up to 65%.
- Customized financing solutions tailored to your specific needs and circumstances.
Residential
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Commercial loan options
1st Liens
- Loan-to-Value (LTV) up to 75%.
- Starting interest rate from 9.99%.
- Loan term options ranging from 12 to 24 months.
- Minimum FICO score of 600, with exceptions considered for lower scores.
2nd Liens
- Combined Loan-to-Value (CLTV) up to 65%.
- Requires a conventional bank 1st lien, with the bank agreeing to subordinate our junior lien.
- Ideal for businesses seeking additional financing or working capital.
Commercial
Learn MoreAt LBC Capital, we offer flexible fix-and-flip loan options for residential properties (1-4 units) to help you turn your renovation projects into profitable investments.
Loan terms
- Loan-to-Construction (LTC) up to 85%.
- Loan-to-After-Repair Value (LTARV) up to 65%.
- Starting interest rate from 10%.
- Minimum credit score of 640.
- Loan term options: 12 months, with longer terms available depending on the specific scenario.
Eligibility
- “No-experience” flippers considered on a case-by-case basis
- Marketable location is a requirement
Fix and Flip
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General guidelines
- Loan Amount: $150,000 to $25,000,000.
- Loan Term: 12 months, interest-only, with longer terms available in some cases (up to 24 months).
- Credit Score: Not credit score driven, making it accessible to a wider range of borrowers.
- Prepayment Premium: Case by case basis.
- Broker Fees: Minimum of 2 points, case by case.
- Lender Fees: Average of $2,500.
- Other Fees: Valuation and due diligence fees vary depending on the transaction.
Underwriting guidelines
- Experience: First-time investors have a maximum LTV of 65%.
- Income Verification: Simple documentation required.
- Down Payment: No source or equity required.
- Appraisal Process: We offer a streamlined process and cost, contact your Account Executive to learn more.
- Impounds: None.
- Foreign Investors: Maximum LTV of 65%.
Bridge Loans
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Process for Securing A Loan - Here's What To Expect
Pre-approval
Exploring options to leverage your real estate investment? Need fast, flexible funding? LBC Capital’s hard money loans might just be your solution. With no prepayment penalties, these loans let you clear your debt sooner, if you choose. Even with less-than-perfect credit scores, you stand a chance to qualify. Whether you’re looking to invest in your first property or seeking to expand your portfolio, our loans can be a great option.
Points
As a borrower, you may opt to pay points – a fee calculated as a percentage of the loan amount, to the lender, which can help decrease the interest rate on your loan. This might necessitate an additional fee but could save you money in the long run through lower interest payments. Consult with our loan advisors to ascertain whether this option is right for you.
Loan Application
The loan application process requires comprehensive details about you, your financial standing, and the property you intend to finance. Our dedicated team will review the submitted information meticulously, including your credit history.
Down Payment
Typically, we require a down payment that demonstrates your commitment and shares the risk of the investment. The exact amount can vary depending on the specifics of the loan and your situation. Our LTV can go as high as 80%.
Appraisal
A property is appraised to determine its market value. This process takes into account prices of comparable properties in the area, ensuring an accurate and fair valuation.
Securing a Rate
With hard money loan rates susceptible to change, we guarantee the rate you were initially quoted when you lock in your loan rate. We start from 9.99%.
Loan Review Process
After the appraisal, we’ll review your loan application in detail, making sure every aspect aligns with our lending policies and your investment goals.
Signing
Once everything is in place, all the documents are transferred to a title company for you to sign. Any remaining fees or funds are due at this time.
Fast and flexible financing for your real estate investment projects in North Carolina
Discover quick and flexible financing options for your North Carolina real estate projects with LBC Capital. Our wide range of property-secured hard money loans includes fix-and-flip, bridge, and construction loans. Our dedicated team will carefully evaluate your needs and guide you through the entire loan process. Enhance your real estate endeavors by contacting us today and accessing customized financing solutions.