Socotra Capital
Asset-Based California Lender
Since inception, Socotra Capital has funded over 600 private money loans across California.
Our fund is well capitalized with over $200 million under management and is capable of funding short term loans from $100,000 to $12 million.
We welcome loans for fix and flips. purchases, refinance, bridge financing and ground-up construction.
We underwrite all loans in-house and are therefore able to give borrowers unparalleled knowledge and speed when it comes to your loan.
Loans can be closed in 10-15 days, upon all documents being received.
Lending Guidelines
- Amounts
- $100k - $12m
- Closing Time
- 10 to 15 days
Loan & Property Types
- Loan Types
- Fix and Flip
- Purchase
- Bridge
- Refinance
- Investment Property
- Cash-out
- Property Types
- 2 to 4 units
- Single-Family
- Condominium
- Residential Land
Loan Parameters & Fees
- Parameters
Credit check required
Interest-only loans
Lend to forgien nationals
Owner-occupied property allowed
Will lend on purchases from auctions
Does property have to be under contract
Will provide proof of funds letter
Has pre-payment penalities
Minimum FICO score
2nd position loans
Lends on land
Lends to first time borrowers
Lends on ground-up construction
- Fees
- Deposit
*
- Underwriting
* ^
EmpireFunders, 2093 Philadelphia Pike #7979, Claymont, Delaware, 19703