About
Socotra Capital is a Sacramento, California-based direct hard money lender founded in 2007 and licensed in 22 states across the United States. The firm manages over $500 million in hard money loans and has funded nearly 1,000 loans since inception. It is NMLS licensed (#266090), CA DRE licensed, and SBA 504 approved.
Socotra Capital provides asset-based financing to real estate investors who cannot qualify with conventional lenders or need to close fast. The firm offers no minimum FICO score, no income verification, and is known as the 'kings of the five-day close' through its proprietary Turbo Close® program, which funds residential and commercial loans in 5 business days or less.
Loan products include fix-and-flip, commercial bridge, rehab construction, cash-out refinance, bridge to permanent loans (up to 20 years fully amortized), private line of credit, and cannabis property loans. Fix-and-flip loans fund up to 85% of total project cost with no prepayment penalties. The firm explicitly does not offer ground-up construction or land development loans.
Loan amounts range from $30,000 to $6,000,000 with terms from 6 to 24 months on short-term products. Socotra Capital serves commercial, industrial, and residential real estate across its 22-state footprint, with same-day prequalification available on bridge loans.
Key Differentiators
Why investors choose this lender:
- Turbo Close® - registered trademark 5-day close program - Socotra Capital is known in the industry as the "kings of the five-day close;" the Turbo Close® product is a proprietary registered program that funds both residential and commercial loans in 5 business days or less; this is not a marketing claim but a named, structured product designed specifically for speed-critical acquisitions and competitive market situations
- $500M+ AUM across 22 states since 2007 - national reach with Sacramento roots - over $500 million in hard money loans under management; Socotra Capital describes itself as "your approachable neighborhood lender with local roots and a national reach;" the 22-state footprint covers both coasts, the Mountain West, and the South with a single direct lender relationship
- Cannabis property loans since 2017 - one of the earliest cannabis real estate lenders - Socotra Capital has been active in cannabis real estate financing since 2017, well before most hard money lenders would touch the sector; covers dispensaries, commercial cannabis facilities, and licensed cannabis operations
- Bridge to Permanent loans up to 20 years fully amortized - in addition to short-term bridge products, Socotra Capital offers long-term bridge-to-permanent loans with up to 20-year fully amortized terms and no prepayment penalty; this bridges the gap between hard money and conventional financing without requiring a refinance event
- SBA 504 approved lender - considers SBA scenarios in all 50 states - Socotra Capital is an SBA 504 approved lender; this opens commercial financing scenarios that most hard money lenders cannot support, particularly for owner-user commercial real estate purchases where SBA 504 is the exit strategy
- Non-recourse loans available - rare in the hard money market - Socotra Capital will sometimes consider non-recourse loan structures, typically at a 5%+ reduction in LTV and an increase in origination fees; non-recourse hard money is extremely rare and valuable for asset protection-focused investors and entities
Where They Lend
22 States
22 states: Alaska, Arizona, Arkansas, California, Colorado, Georgia, Hawaii, Idaho, Maryland, Massachusetts, Montana, Nebraska, Nevada, North Carolina, Oregon, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wyoming. Residential SFR, multifamily, commercial, industrial, and cannabis properties. No ground-up construction or land development.
ak az ar ca co ga hi id md ma mt ne nv nc or tx ut vt va wa wv wy
Loan Types, Structures and Terms
$30,000 to $6,000,000
Typical Loan Amounts
6 to 24 Months
Typical Terms
8% to 18%
Typical Interest Rates
Fix-and-flip: up to 85% of total project cost (purchase + rehab), $30K-$6M, 6-12 month terms. Bridge: $30K-$6M, up to 65% LTV, 6-24 months. Bridge to Permanent: up to 20 years fully amortized. Rehab construction: residential only. No ground-up construction or land development. 22 states.
Socotra Capital fix-and-flip loans fund up to 85% of total project cost (purchase + rehab) from $30,000 to $6,000,000 across 22 states. 6-12 month terms, no prepayment penalty, no minimum FICO. Close in 10 days standard or 5 days via Turbo Close®.
| Fix & Flip Feature | Structure & Terms |
|---|
| Loan Amount | $30,000 to $6,000,000 |
| Max Project Financing | Up to 85% of total project cost (purchase price + rehab budget) |
| Loan Term | 6 to 12 months typical | Interest-only | No prepayment penalty |
| Speed to Close | Standard: 10 days or less | Turbo Close®: 5 days or less |
| Minimum FICO | No minimum FICO | No income verification | Asset-based only |
| Property Types | Residential SFR, 2-4 unit, multifamily. No ground-up construction or land development. |
| Geographic Coverage | 22 states: AK, AZ, AR, CA, CO, GA, HI, ID, MD, MA, MT, NE, NV, NC, OR, TX, UT, VT, VA, WA, WV, WY |
Socotra Capital rehab construction loans cover residential renovation projects (not ground-up) up to 85% of total project cost across 22 states. $30,000 to $6,000,000, 6-24 month terms, no prepayment penalty. Close in 10 days or 5 days via Turbo Close®.
| Construction Feature | Structure & Terms |
|---|
| Program Type | Rehab Construction only. Socotra Capital does NOT offer ground-up construction or land development loans. This program covers residential rehab and renovation construction projects. |
| Loan Amount | $30,000 to $6,000,000 |
| Max Leverage | Up to 85% of total project cost (purchase + rehab) | Up to 65% LTV general guideline with case-by-case flexibility |
| Loan Terms | 6 to 24 months | No prepayment penalty | Interest-only |
| Approval Speed | Swift approvals and flexible terms. Standard close 10 days or less. Turbo Close® available in 5 days or less. |
| Geographic Coverage | 22 states - AK, AZ, AR, CA, CO, GA, HI, ID, MD, MA, MT, NE, NV, NC, OR, TX, UT, VT, VA, WA, WV, WY |
Socotra Capital commercial and residential bridge loans fund $30,000 to $6,000,000 at up to 65% LTV across 22 states. Same-day prequalification. Close in 10 days standard or 5 days via Turbo Close®. Bridge to Permanent option extends to 20 years fully amortized. Cannabis property loans also available.
| Bridge Loan Feature | Structure & Terms |
|---|
| Use Cases | Commercial acquisitions, residential acquisitions, cash-out refinance, bridge to permanent financing, construction-to-perm bridge, SBA 504 scenarios, cannabis property, private line of credit transactions |
| Loan Amount | $30,000 to $6,000,000 |
| Max LTV | Up to 65% LTV general guideline | Case-by-case flexibility | Non-recourse available at reduced LTV and higher origination fees |
| Loan Term | Short-term: 6 to 24 months | Bridge to Permanent: up to 20 years fully amortized, no prepayment penalty |
| Speed to Close | Standard: 10 days or less | Turbo Close®: 5 days or less | Same-day prequalification on bridge loans |
| Cannabis Property | Cannabis real estate financing available since 2017. One of the longest-running cannabis property loan programs in the hard money industry. |
Don't lose the deal waiting on financing. Apply now and get pre-approved today.
Borrower Qualifications (Are you qualified?)
Socotra Capital has no minimum FICO score and no income verification - strictly asset-based underwriting. Up to 65% LTV as a guideline with case-by-case flexibility. Fix-and-flip loans fund up to 85% of total project cost. No ground-up construction or land development. SBA 504 approved.
| Qualification Parameter | Lender Requirements |
|---|
| Minimum Credit Score | No minimum FICO score required. Asset-based underwriting only. If there is a reason for a low FICO score, Socotra Capital will discuss it - they can be quite flexible. |
| Income Verification | No income or financial verification required. Socotra Capital is strictly asset-based - no W-2s, no tax returns, no personal DTI analysis. |
| Max LTV | Up to 65% LTV as a general guideline. Case-by-case flexibility available depending on deal scenario, property type, and borrower situation. |
| Fix-and-Flip Leverage | Up to 85% of total project cost (purchase price plus rehab budget) on fix-and-flip loans. |
| Property Types | SFR, multifamily, apartments, office, retail, mixed-use, industrial. Commercial, residential, and cannabis properties accepted. No ground-up construction or land development. |
| SBA 504 Approved | Socotra Capital is SBA 504 approved and considers SBA loan scenarios in all 50 states. |
Underwriting Process (How long will it take to get approved?)
Socotra Capital closes in 10 days or less on standard loans; 5 days or less via Turbo Close®. Same-day prequalification on bridge loans. No minimum FICO, no income verification, asset-based underwriting only. LTV case-by-case up to 65%. Appraisal typically required. Non-recourse available at reduced LTV.
| Stage / Requirement | Process & Timelines |
|---|
| Pre-Qualification | Same-day prequalification on bridge loans. Apply at socotracapital.com/apply-for-a-loan. |
| Credit & Income | No minimum FICO. No income verification. Asset-based underwriting only. Poor credit is not an automatic disqualifier - the team will discuss the situation. |
| Appraisal | Appraisal typically required as part of due diligence. Deposit covers third-party costs including appraisal, engineering, and environmental reports where applicable. |
| Speed to Close | Standard: 10 days or less. Turbo Close® program: 5 days or less on both residential and commercial. Most hard money loans close within 15 days upon completion of the application. |
| Non-Recourse Option | Non-recourse loan structures available in select scenarios at a 5%+ reduction in LTV and increase in origination fees. Rare in the hard money market - discuss with the Socotra team. |
Draw Process (How long will it take to get draws?)
Socotra Capital holds rehab funds in escrow and releases draws as construction milestones are completed per the approved scope of work. The team is known for fast underwriting and quick draw turnarounds. An appraisal is typically part of the underwriting process; the deposit covers third-party costs including appraisal and engineering or environmental reports as applicable.
| Operational Step | Methodology & Timelines |
|---|
| Rehab Draw System | Rehab construction funds held in escrow and released as construction milestones are completed per the approved scope of work. Fix-and-flip loans include no prepayment penalties, allowing quick exit once project is complete. |
| Appraisal | Appraisal is typically part of Socotra Capital's underwriting and due diligence process. The deposit covers third-party costs including appraisal, engineering reports, and environmental reports as applicable. |
| Turbo Close | The Turbo Close® program funds residential and commercial loans in 5 days or less. Socotra Capital is known as the "kings of the five-day close" in the hard money industry. |
| Standard Close | Standard closings typically complete in 10 days or less from completed application. Same-day prequalification available on bridge loans. |
| FlipperForce Integration | Coordinate rehab milestones and contractor payment schedules using the FlipperForce Project Scheduler to align construction completion with Socotra's draw release and Turbo Close timelines across 22 states. |
