Local lending. Tailored for your project's success. North Carolina focused residential construction, renovation, and bridge loans
Reliable capital. Fast decisions. Superior service. Built for real estate developers, builders, and investors.
At Carmina, our business is built upon your success. For us, relationships matter and you deal directly with our Principals. We meet you at your project, collaborate on your loan, and get you a commitment in a matter of days. With unparalleled service and timely fundings, we facilitate your project’s completion and stand ready to fund your next opportunity.
Lending Parameters
- Type
- Single family, multifamily, mixed use, residential land
- Projects
- Ground up construction, construction completion, renovation, bridge
- Collateral
- North Carolina residential real estate
- Position
- Senior (first lien) position only
- Purpose
- Business-purpose loans only (no consumer loans)
- Loan Size
- $300K to $3 million
- Term
- 6-18 months, plus extensions
- Loan to Cost
- 70-85% typically
- Loan to Value
- 60-75% typically
Providing investors reliable income secured by North Carolina real estate
Carmina Income Fund provides investors with a reliable income stream targeted at 10% annual returns. The Fund's strategy is highly focused on senior residential loans in the healthy North Carolina market, where the Fund's managers have extensive knowledge and relationships. The Fund selects borrowers who are proven builders, developers, and real estate investors with local market expertise and equity invested in their own projects.
Loans in the Fund have short durations which enhance investor liquidity with ongoing repayments and minimize exposure to changing interest rates. Loans have a high margin of safety and are secured by residential real estate valued well above the loan amount. Capital preservation is the Fund's top priority, which is achieved through disciplined lending and experienced management. The Fund is limited to accredited investors only.
Direct access to Carmina Principals
Carmina Capital LLC
8801 Fast Park Dr, Suite 301, Raleigh, NC 27617