The Lending Commons
← All lenders

Old North Capital Fund, LLC

Tucson, AZ·8 states
Visit website ↗1789452150
Old North Capital Fund is a true asset-based lender offering flexible short-term financing that gives investors the power to fund their real estate opportunities hassle-free and scale their portfolio. Our lending is mainly for single family homes in urban/suburban areas, but we will consider multifamily with up to 10 units.
Old North Capital Fund, LLC describing itself

Loan programs

Bridge

Maximum leverage
Max LTV 70%

Fix & Flip

Maximum leverage
Max LTV 70%

Ground-Up Construction

Maximum leverage
Max LTV 70%
Also offers— no published terms
Land & LotMultifamily

Terms & qualification

Typical loan size
$100K – $2.5M
Typical term
6 mo – 12 mo
Interest rate
11.9% – 13%
Origination / points
2% to 4%
Lien position
1st
Prepayment penalty
no
Payment structure
Interest Only
Recourse
Always
Closing speed
10 days typical
Prepayment structure
None
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Loan Application
Borrower entity
LLC, Corporation

Property types

Single-Family (SFR)Multifamily (5+)Land & Lots

Lending footprint

ALCOGAMDNCTNTXWA