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Hard Money Lender for Conventional Lender Issues

Socotra Capital provides hard money loans for borrowers who don't qualify for traditional financing due to debt-to-income, short sale/bankruptcy, or low credit score. We offer fast and reliable funding for distressed properties, probate buyouts, and year-end transactions. Our loans are available for residential and commercial properties in multiple states and can be extended to individuals, trusts, corporations, and IRAs.

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Hard Money Lender for Conventional Lender Issues

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  1. 2208 29th St. Suite 100 Sacramento, CA 95817 | (855) 889 - 7626 | socotracapital.com

  2. CONVENTIONAL LENDER ISSUES DEBT TO INCOME SHORT SALE/BANKRUPTCY CREDIT SCORE SEASONED INCOME PROPERTY LIMITS

  3. WHY USE A HARD MONEY LENDER? BORROWER DOESN’T QUALIFY SPEED & RELIABILITY PROPERTY DOESN’T QUALIFY

  4. SPEED & RELIABILITY FORECLOSURE OR DISTRESSED OWNER BUYING OUT OF PROBATE YEAR END TRANSACTIONS BANK OWNED

  5. PROPERTY TYPES—RESIDENTIAL

  6. PROPERTY TYPES—COMMERCIAL

  7. GEOGRAPHY LEGEND Actively Lending States We May Lend to

  8. ENTITIES INDIVIDUALS TRUSTS CORPORATIONS NON-RECOURSE LOAN TO IRAs

  9. BORROWER APPLICATION CREDIT AUTHORIZATION BANK STATEMENT, TAX RETURNS PURCHASE AND/OR LEASE AGREEMENT ARTICLES OF INCORPORATION & OPERATING AGREEMENT* *only for corporations

  10. FIX & FLIP NO PROPERTY LIMITATIONS NO PRE-PAYMENT PENALTY SHORT TERM OR LONG TERM 6-9 MONTH FLIP LOANS 2-3+ years BUY & HOLD LOANS UP TO 85% OF TOTAL COST

  11. LOAN EXAMPLE Fix and Flip – Danesta Dr, Concord, CA PROPERTYDESCRIPTION Single Family Residence 1216 SF 3 bed – 3 bath SCENARIO Borrower is a fix and flipper who updates properties in the East Bay. This was an all cash offer that closed in 10 days. 9.75% 9 $330K $30K 72% NOTE RATE LOAN AMOUNT Loan-To-Cost (LTC) TERM (MONTHS) RESERVES

  12. BUY & HOLD INTEREST ONLY RATES FROM 9%-13% FLEXIBLE AMORTIZATION SCHEDULE FULL AM: 5 yrs, 7 yrs & 10 yrs PARTIAL AM: 10 yrs, 15 yrs or longer due in 3-10 yrs

  13. LOAN EXAMPLE North Lake Blvd & Speckled Hen – Mixed Use – Commercial/Residential PROPERTYDESCRIPTION 6,600 square feet mixed use of retail, office, & residential unit Crossed with 4,020 square feet of mixed use industrial SCENARIO A real estate investor was in the midst of selling and purchasing several pieces of real estate, but due to timing issues needed additional funds to close on the $2.05M purchase of a mixed use retail center on North Lake Blvd in Kings Beach. The borrower also pledged another property less than one mile away that was recently purchased less than 2 months prior for all cash for $1M. Both properties are fully leased and borrower has ~$1.2M into the transaction. 10.5% 9 $1.8M $0 59% NOTE RATE LOAN AMOUNT Loan-To-Value (LTV) TERM (MONTHS) RESERVES

  14. LOAN EXAMPLE Cannabis Property – Fast Close PROPERTYDESCRIPTION 27,000 SF industrial concrete tilt-up in Oakland SCENARIO This was a purchase of a cannabis commercial property in Oakland. There was another lender working on the file before we got the deal. The other lender attempted to bait and switch the buyers, re-trading the deal days before the close of escrow. We were called by one of the commercial brokers working on the file and we closed the deal within 72 hours. 36 10.99% $2.95M $0 54% NOTE RATE LOAN AMOUNT Loan-To-Value (LTV) TERM (Months) RESERVES

  15. 2208 29th St. Suite 100 Sacramento, CA 95817 | (855) 889 - 7626 | socotracapital.com

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