FAQ

  • What is Kings of Capital (KOC)?

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?

info@kingsofcapital.com

 

  • What is a typical rate for a Bridge Loan?

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

 

  • What is a typical rate for a Rental Loan?

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

 

  • What is the maximum LTV on your loans?

70% to 80%

 

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

Cash, Equity, Experience and in some cases Credit Score

 

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

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?

9 to 18 months

 

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

Interest Only

 

  • What is a bridge loan?

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?

10%

 

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

2-5

 

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

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?

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

 

  • 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

© 2019 by Kings of Capital, LLC

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KINGS OF CAPITAL | info@kingsofcapital.com|267-630-2875

Rates, terms and conditions & Privacy Policy, offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access