CAZA Capital

CAZA Capital is the commercial lending division of CAZA. If you are seeking capital to fund you real estate deals please email the details to mark@cazadevelopment.com. We will be in touch within 24 hours or you can contact us at 703-587-0995.

Details:

  • Up to 100% financing possible depending on the deal.
  • LTV’s up to 65% of After Repaired Value.
  • Approvals are quick – usually within 5 days of submission
  • Close fast – usually 7 to 10 days after approval
  • No pre-payment penalty
  • Favorable rates and terms
  • Great for fix-and-flips
  • No owner-occupied loans – investors only!
Terms:
  • LTV up to 65% of After Repaired Value
  • Six month or twelve month balloon
  • Deffered interest payments available
  • Monthly payment required on twelve month loans
  • 15% annualized simple interest

Fees:

  • No application fee
  • $500 – $1,000 commitment fee (due upon acceptance of our loan offer)
  • $125 pre-purchase inspection fee (in some cases)
  • $350 appraisal fee (withheld from loan proceeds at purchase)
  • $325 document preparation fee (withheld from loan proceeds at purchase)
  • $200 repair inspection fee (for each repair draw, withheld from draw)
  • 5 points for origination (minimum fee, $5,000)

Features:

  • Closing available within 15 days of approval
  • No survey or termite report required
  • No pre-payment penalty
  • Loan amounts from $50,000 to $500,000
  • No employment verification
  • No minimum credit score requirement (credit report will be reviewed)
  • No income verification (no W-2’s, pay stubs or tax returns)

Requirements:

  • Repair escrow required for funds (disbursed upon completion)
  • Builders risk hazard insurance required (we are happy to provide this for you if necessary)
  • Appraisal required in some cases through our approved appraisers
  • No cash-out at closing for repairs
  • Borrower may be required to bring cash to closing in most cases for closing costs and points at a minimum
  • No second mortgages - we only lend in first position
  • No owner-occupied loans – investors only!

Repair Escrows:

Funds for rehab and repair are withheld from the loan proceeds at closing of the purchase and funded upon completion of repairs (draws are available for larger projects) and satisfactory inspection by our inspector. Repairs must be completed in accordance with the agreed scope of work before inspection and funding. There will be no funds advanced for repairs prior to completion of work.