FAQ

• What is Kings of Capital (KOC)?

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Kings of Capital is a Commercial Mortgage Lending Company providing borrowers with a one-stop National Lending Platform capable of sourcing all types of Non-Conforming Loans for Real Estate Investors.​

 

• Who do I report to if I have question?

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info@kingsofcapital.com

 

• What is a typical rate for a Bridge Loan?

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7.49% -14%; The loan agent will go over the borrower’s specific rate.

 

• What is a typical rate for a Rental Loan?

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5.49%-10%; The loan agent will go over the borrower’s specific rate.

 

• What is the maximum LTV on your loans?

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70% to 80%

 

• What are the primary factors are used to base approvals?

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Cash, Equity, Experience and in some cases Credit Score

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• How long does it typically take to close on a Bridge Loan?

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10 to 21 days

 

• How long does it typically take to close a Rental Loan?

 

22 to 35 days

 

• What is the typical term for a Bridge Loan?

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9 to 18 months

 

• Does the loan payments include principal and interest or interest only?

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Interest Only

 

• What is a bridge loan?

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A loan that Bridges the Gap with Temporary Financing until the property is Sold or a Long Term Loan can be completed.

 

• What is the standard referral fee paid by a Kings of Capital To Referral Partners?

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10%

 

• How many points does Kings of Capital usually charge on Bridge Loans?

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2-5

 

• What type of Properties does Kings of Capital Lend on?

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SFR, Condo, 2-4 Units, 5 Unit Multi-Family, Mixed-Use, Office, Retail, Warehouse, Light Industrial, Daycare and Automotive

 

• What are 3rd party fees borrowers typically pay directly to the 3rd party prior to closing?

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Application Fee, Appraisal and Attorney; The loan agent will go over the borrower’s specific fees.

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• What are the FIVE primary things an underwriting looks at when evaluating a loan.

 

1. Borrower Cash Reserves in the Bank

2. Borrower’s Experience in Similar Transactions

3. LTV – Equity in the property / down payment

4. Property type, condition, and location

5. Property Income (ability to make mortgage payments)

6. Borrower Credit Score and Mortgage Payment History

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