BORROWERS: REAL ESTATE INVESTORS & BUSINESS OWNERS

Private Money Loans for Real Estate Purchases and Refinances

Socotra Capital provides equity-based, private hard money loans for residential and commercial real estate of all types. We have programs for borrowers that need hard money, private money, or a bridge loan in 10 days or less. We are Socotra Capital. We take pride in helping communities and business owners across the country when others will not. We are the friendly neighborhood bridge lender, Socotra Capital.

Loan Parameters

We specialize in the immediate funding of loans to borrowers with cash down or existing real estate equity. We have easier guidelines, flexible terms, and a faster, simpler process than conventional loans:

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Loan Amounts

$100,000 to $20,000,000.

Residential Property Types

Fix and flips, Airbnb and other non-owner occupied buy and holds, cash-out refis for business purposes, purchases by foreign investors.

Commercial Property Types

Industrial, office, retail, apartment complexes (5+ units), shopping centers, restaurants, mixed-use, automotive, hotel, special purpose, land, gas stations, and specialty properties.

Up to 75%

of costs, including purchase and rehab

Up to 65%

Loan-to-Value

From 6 months to 20 years

interest-only, partially-amortized, and fully-amortized loans

No Limit

on the number of properties we will fund

We will loan to...

individuals, corporations, trusts, LPs, IRAs, and LLCs. Credit impairment or no credit at all, not a problem.

If you are buying or refinancing an REO, short sale, or other distressed properties, our private money loans will provide the money you need to buy and fix up the property to either sell it quickly or to hold onto it for a rental.

If you are buying or refinancing a commercial property and need the necessary funds much more quickly and readily than is possible with a conventional loan, our bridge loans will give you the advantage to close those opportunities as they arise.

We will structure the loan according to your wants and needs. We are as good as an ALL CASH offer, freeing you to make the offer and then use our money.

If you want to be even more prepared, we can qualify you for a private money loan and provide pre-approval letters for your offers. Getting approved and funded for a hard money loan with Socotra Capital is easy. We understand both residential and commercial real estate markets across the country. You don’t have to choose between a local lender versus a lender that can scale to your needs. We are your friendly neighborhood bridge lender with a national reach.

We mostly offer interest-only loans that are best suited for shorter term notes, allowing the best possible relief for cash flow. We will do partial amortization loans and some full amortization loans on longer terms, depending on the scenario, to meet your needs. There is no limit on the number of properties we will finance for you, and we move quickly to ensure you can take advantage of those special opportunities as they arise and not be delayed by funding challenges. Our goal is simple: help finance opportunities to make you money over the long term.

Why is a private money loan right for you?

You cannot qualify because of your credit or financial history. Our underwriting guidelines focus on equity, not borrower credit. We are able to accept borrowers with low credit scores, prior bankruptcies, and foreclosures.

The property cannot qualify for conventional financing because its not stabilized, its use is not popular, or the property is distressed. We have made loans that others couldn’t make on special purpose properties, as well as properties that were bank-owned or short sales. If the property has equity, we can make the loan.

You need to move fast. Some opportunities require you to move within a few days. Banks typically cannot move the speed we can. We can close faster than most, and lend up to $12,000,000. We are talking about doing this in a few days: Making offers ALL CASH, with a lower purchase price, with a 10-day look and 5-day close. Use our money, and even with our costs, you can beat the competition at a lower price point. That is an incredible value we can offer if you know how to get opportunities. This last point is our greatest advantage. Speed is our number one added value. And we always deliver.

Commercial Bridge Loans

Real estate investors, developers, and business owners often need bridge loans to take advantage of an opportunity or satisfy a business need. These private money loans can be used to step in to fund a waning escrow, pay off a hostile lender, cash-out a business partner or family member, or help make payroll. There are many scenarios where fast money is needed, and Socotra can help. We pride ourselves in assisting our neighborhood businesses and investors through situations that need quick financing. With discretion and humility, we step in and act swiftly. We are honored to be trusted by the communities we service, and take pride in our reputation as your neighborhood bridge lender.

Private Hard Money Loans for Residential Real Estate

At Socotra Capital, we provide hard money loans to residential real estate investors and those needing a cash out loan for business purposes. Two of our most popular loan programs for real estate investors are our buy and hold and fix and flip lending programs.

The buy and hold program suits the needs of the investor looking for longer term financing on rental properties, as well as Airbnbs, which are growing in popularity and profitability in major metropolitan markets across the country.

The fix and flip program is designed to assist investors looking to rehab and sell residential property. Fix and flip loans are shorter term for the trade off for more leverage. For cash-out refinances for business purposes, these are one of the few types of loans that may involve an owner-occupied property. These might be for a small business owner or someone that needs a bridge loan to acquire some sort of business property or transaction.

We will structure our hard money loan according to your wants and needs.

Buy and Hold Hard Money Loans

Investors looking for income or looking to build a real estate portfolio while the market is strong can benefit from our buy and hold hard money loans. These loans allow buyers to borrow for the purchase of a rental property or cash out existing rentals to buy additional investment opportunities. We understand the need to move quickly when opportunities arise. Our application, appraisal and approval process can be completed in just a few days, ensuring you are able to negotiate effectively with the property holder.

We can provide long term financing of up to 20 years, with partial or full amortization.

Fix and Flip Hard Money Loans

If you’re an investor or flipper interested in buying properties that require all cash or hard money to fix and flip, consider our fix and flip private money loans, which provide up to 85% of the project cost (including purchase price plus the cost of the rehab). These loans have no prepay, which allows you to sell the property as quickly as you can.

We can provide greater leverage if necessary, but the trade off is shorter term. Most terms are 9 months. In some cases we will build in interest carry or reserves to help carry the project as you rehab the property and sell it.

Cash-Out Refinance for Business Purposes

Small business owners and the like often have equity in property but no way to access it unless they go to a private money lender. These bridge loans often are used to acquire some sort of business property or transaction. Sometimes these situations allow an investor to take advantage of an incredible opportunity.

We will structure the best terms according to your wants and needs.