Properties

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Int Rate to investor: 12%

Term: 12 Months

LTV: 68% LTV

Project Type: Ground up construction

This $205,000 loan funded the ground-up construction of a single-family residence in Pahrump, NV, with a projected after-repair value (ARV) of $300,000, resulting in a conservative 68% loan-to-ARV. The borrower acquired the lot free and clear for $30,000, with all utilities and permits in place prior to closing.

Construction began immediately following the close of escrow, and the loan featured a 12-month term with an 11% return to investors.

To safeguard investor capital, $185,000 was held in Construction Control, with funds released only upon verified phase completion.

As the borrower’s third project with Capella, this completed loan underscores our commitment to supporting repeat borrowers with a proven ability to deliver quality construction in high-demand, emerging markets.

Int Rate to investor: 12%

Term: 12 Months

LTV: 90% of Purchase

Project Type: Fix and Flip

This $855,000 loan supported the successful acquisition and renovation of a Las Vegas fix-and-flip property, originally purchased for $950,000. The borrower, a long-time Capella client with over a decade of successful projects, contributed 10% down and funded approximately $300,000 in renovations out of pocket.

The project was completed within the expected 8-month timeline, with the property fully renovated and resold, delivering a strong return. The loan carried a 12-month term, providing a conservative window for completion and exit.

This completed loan showcases Capella’s continued partnership with proven real estate operators and its commitment to delivering well-secured, high-performing trust deed investments.

Int Rate to investor: 11%

Term: 24 Months

LTV: 50% LT-ARV

Project Type: Fix and Flip

This $1.5MM loan, secured by a property purchased for $1.25MM, closed on June 30, 2023, and offered investors an attractive return structure at an 11% interest rate with 12 months paid upfront at closing and a 24-month term.

The property, located in Las Vegas, presented a strong value-add opportunity and was renovated with high-end finishes to maximize resale value. The low acquisition cost and strategic improvements positioned the property for a compelling exit.

This investment was backed by a highly experienced borrower with a proven track record of successful flips in the area.

This completed loan exemplifies Capella’s ability to originate well-secured, high-yield investments anchored by strong real estate fundamentals.

Las Vegas, NV 89141

Int Rate to investor: 7.25%

Term: 18 Months

LTV: 59% LT-ARV

Project Type: Fix and Flip

A seasoned real estate investor and commercial developer has successfully completed a fix-and-flip project originally acquired for $2,850,000, with $300,000 invested in renovations. The property was fully gutted and transformed by blending modern upgrades with classic Tuscan design elements.

The final after-repair value was estimated at $4,000,000, placing our loan of $2,362,000 at just 59% of ARV and 75% of total project cost. The borrower brought in $788,000 plus closing costs and backed the project with a strong personal guarantee.