Category Archives: Dragon Realty Capital Update

Dragon Closes a 5.625% Rental Loan In CA

Dragon Realty Capital, a Florida based direct private money lender, recently closed a small loan on a non-owner occupied residence in Northridge, CA. The property was free and clear at the time of the loan request and the borrower received $295,000 in cash out at a fixed rate of 5.625% on a 30 year fully amortized basis.

Besides the low fixed rate and unrestricted cash out, the other unique features of this loan were that it was:

  1. Underwritten with NO income documentation on the part of the borrower and
  2. Allowed a 90% Debt to Income Ratio on the property’s income and expenses.

The loan closed in 18 days, mostly because there was a delay on the part of the borrower in getting the funds to the appraiser. Had their been higher market rents, Dragon could have gone all the way to 80% LTV.

Dragon Realty Capital provides commercial, multifamily, and non-owner occupied residential loans nationwide. Brokers are protected. For more information on loan offerings, please go to or call 888-578-5441 x81.

SBA Shutdown Rescue Funding!

The Federal government shutdown has affected commerce in an unusual way:  The SBA is not open to fund loans to US businesses, leaving them without the capital to expand or stay open! 

Dragon Realty Capital has both real estate and non-real estate based funding options for businesses that can close QUICKLY!  Don’t hesitate!  Call or email us now to get the funds you need for your business that the SBA can’t deliver because we don’t know how long the shut down will continue.

Things to come at dragon

Dragon Realty Capital is looking forward to 2019. 2018 was our first year and we learned a great many things… not all of them good! We will be implementing changes this year to better serve our primary referral sources: Mortgage Brokers, Bankers, and other Lenders. We will also be expanding our technology base to deliver loans faster and more efficiently to our ultimate clients: Commercial Real Estate Investors.

We have set up a number of excellent correspondent relationships and continue to seek additional Investors for a wider range of commercial loan offerings, nationwide. Our cloud-based loan origination system will allow our partners to enter, update, check status, and deliver conditions faster than ever before. We are also streamlining our initial documentation requirements, the one area that everyone HATES! Hey… we get it. We were brokers once.

Finally, we are going to usher in a COMPLETE commercial lending Training and Coaching Program. We’ve offered a complete commercial brokerage course and support materials since day one, but we’ve realized that the two critical components to actually DOING a great job of getting commercial loans funded quickly are missing from that: The first is hands on training with the materials. The second is ongoing support and interaction with other successful originators around the country. We will soon formally announce programs that meet both of these industry needs.

Finally… be on the lookout for two fun and informative additions to our “outreach.” The first will be a series of videos called “The Mortgage Minute” featuring the Mortgage Black Belt and a whole lot of martial arts demonstrations linked to lessons and wisdom to be applied in the commercial mortgage industry, often done “tongue-in-cheek.” The second will be a Coaching Program feature called the “Dragon’s Den” that will allow originators to find our in very short order if they have a transaction worth pursuing. It will NOT be for the faint of hear. Will you dare to enter the Dragon’s Den? Watch for more posts to find out…