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Hard Money Loans in Ferris, Texas
Ferris, TX has 50 lenders serving the city. Loan amounts average approximately $296,072. The average rate for private loans in Ferris is 11.9%. The average loan issued in the city is for 21 months. The average origination fee added to the loans is 3.8%. 75% is the median loan-to-value (LTV) for for loans in Ferris.
Loan Example 1
Sidney closes on a $250,000 rehab project in Ferris, TX, using a hard money loan from Oak Hill Funding Company. The terms of the deal include a 85% loan-to-value (LTV), so he must bring 15% of the price as cash to closing, which makes the principle loan amount $212,500. The loan is interest-only, with monthly payments, and is for 12 months at 10% interest with 4 points paid at closing.
The borrower will have to bring a total of $32,400 upon closing to cover the $37,500 down payment in addition to the $8,500 origination fee. The lender will collect $1,771 in monthly interest payments from the borrower. This is computed by taking the full loan amount of $212,500, multiplying by the 10% rate of interest, and then dividing that number by 12. At the end of the loan, he sells the renovated property for $337,500. After subtracting the $21,250 in interest expenses ($1,771 times 12 months), the $8,500 origination fee, the $212,500 principle on the loan, and the $37,500 he contributed to closing, he will make a gross profit of $57,750 ($337,500 price minus $279,750 in total costs). This amount would be reduced by any renovation costs paid by Sidney.
Loan Example 2
Brenda takes out a hard money loan from Forest Grove Lending Company in order to renovate a townhome to resell in Ferris, TX. The loan has the following parameters:
a) A $350,000 purchase price, b) a 70% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 2% origination fee.
Based on a $420,000 sales price after the 12 month term, the final numbers for the project would look like the following:
$420,000 sales price
- $245,000 principle (70% LTV)
- $105,000 down payment (30% on 70% LTV)
- $4,900 origination points (2% of the $245,000 principle)
- $22,050 total interest paid (12 months x 9% interest)
-----------------------
= $43,050 gross profit (doesn't include taxes or renovation costs)
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Zeus Mortgage Bank
5177 Richmond Ave, Suite 640
Houston, TX 77056
Zeus Mortgage Bank is a Houston, TX based hard money lender who provides funding throughout Dallas, Houston, Austin, and San Antonio. They provide lending solutions for a variety of scenarios, including short term bridge loans, private commercial loans, ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
Corridor Funding
2090 N Interstate 35 Frontage Rd, Suite 4105
New Braunfels, TX 78130
Based in New Braunfels, Texas, Corridor Funding is a private money lender providing loans in Austin, San Antonio, Dallas, and Houston. They offer fix and flip loans, buy and hold rehab loans, new construction loans, and longer ...
Noble Mortgage & Investments
8203 Willow Pl Dr S #660
Houston, TX 77070
Headquartered in Houston, TX, Noble Mortgage & Investments is a private lender providing loans throughout Houston, Dallas, Fort Worth, San Antonio, and Austin. They offer commercial hard money loans, loans for investments properties, fix and flip hard money ...
Park Place Funding
2508 E Cesar Chavez St
Austin, TX 78702
Park Place Funding is private money lender based in Austin, TX. They offer funding throughout Dallas, Austin, and San Antonio. They offer loans for many different needs and situations, including rental property loans and fix-and-flip hard ...
A List Partners
401 Congress, Suite 1540
Austin, TX 78701
A List Partners is an Austin, TX based hard money lender providing loans throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer loans for many different needs and situations, including short term fix and flip loans, ...
Capital Concepts
11200 Westheimer Rd #150
Houston, TX 77042
Capital Concepts is a private money lender based in Houston, TX providing loans in Dallas, Houston, Austin, and San Antonio. They offer buy and hold loans, cash out hard money loans, private commercial loans, and fix-and-flip loans. ...
Texas Quest Capital
P.O. Box 40086
Houston, TX 77240
Texas Quest Capital is private lender based in Houston, TX. They offer funding throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer lending solutions for many different situations, including fix-and-flip loans, loans for investments ...
Conquest Capital Partners
859 Willard Street, Suite 503
Quincy, MA 02169
Conquest Capital Partners is an asset-based lender providing loans in Boston, Dallas, and Austin. They provide lending solutions for a variety of situations and needs, including ground up construction loans, hard money bridge loans, loans for investments properties, private refinancing, ...
Capital For Real Estate
13831 Northwest Freeway
Houston, TX 77040
Hard money loans are all about financial leverage. These are short-term loans from 6 months to 5 years, with less verification for the borrower than conventional loans. These cover purchases, refinances, fix-n-flips and other leverage scenarios involving real estate. When ...
Commercial Business Loans
110 Travis St, Suite 140
Lafayette, LA 70503
Commercial Business Loans is an asset-based lender headquartered in Lafayette, LA providing funding across these locations: New Orleans, Lafayette, Lake Charles, San Antonio, Austin, Dallas, Fort Worth, and Houston. Their focus is primarily on commercial loans. They ...
Capstone Capital Partners
13284 Pond Springs Road, Suite 402
Austin, TX 78729
Capstone Capital Partners is hard money lender based in Austin, TX. They provide funding in Dallas, Austin, San Antonio, Fort Worth, and Houston. They provide commercial hard money loans, rental property loans, builder loans, hard money ...
Marquis Lending
1473 N. Lee Travino
El Paso, TX 79936
Headquartered in El Paso, TX, Marquis Lending is an asset-based lender offering funding in El Paso, Houston, Austin, San Antonio, Dallas, and Fort Worth. They provide long term rental property loans, short term fix and flip loans, ...
Streamline Funding
8200 N. MoPac Expy, Suite 320
Austin, TX 78759
Streamline Funding is a private lender headquartered in Austin, TX providing loans across these locations: Dallas, Houston, Austin, San Antonio, Waco, College Station, Laredo, Corpus Christi, Port Aransas, and Brownsville. They provide loans for a variety of situations, ...
Lone Star Hard Money
2750 Merit Drive, Suite 400
Dallas, TX 75251
Lone Star Hard Money is a hard money lender in Dallas, TX providing loans throughout Dallas and Fort Worth. They offer commercial loans, refinancing, fix and flip loans, and investment property loans. Their lending guidelines are versatile, ...
Bay Mountain Capital
3710 Rawlins, Suite 1390
Dallas, TX 75219
Bay Mountain Capital is a private lender headquartered in Dallas, TX offering funding in Texas, Oklahoma, Georgia, and Tennessee. They offer hard money loans for commercial and single-family residential properties that are non-owner occupied.Their loan guidelines are flexible, and they ...
Conventus
111 Potrero Avenue
San Francisco, CA 94103
Conventus is a San Francisco, Direct Lender. We offer bridge and DSCR. New construction as well. We offer fix and flip loans at no points, and have a 90% program. Minimum FICO: 660. Contact Melissa at mkorda@cvlending.com for pricing and ...
Proactive Lending Group
10004 Wurzbach Rd., #289
San Antonio, TX 78230
Based in San Antonio, TX, Proactive Lending Group is an asset-based lender offering funding throughout Dallas, Houston, Austin, San Antonio, Laredo, and Brownsville. They offer private commercial loans, fix and flip hard money loans, and rental property ...
DFW Specialty Lending
223 E. Greenbriar Lane
Dallas, TX 75203
DFW Specialty Lending is a Dallas, TX based hard money lender. They offer funding in Dallas and Fort Worth. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are flexible, ...
Urban Coyote Funding
6310 Lakeshore
Dallas, TX 75214
Urban Coyote Funding is a private money lender headquartered in Dallas, TX offering loans throughout Dallas, Houston, Austin, and San Antonio. They offer fix-and-flip hard money loans, commercial hard money loans, and loans for rental properties. ...
Steadfast Funding
Austin, TX
Steadfast Funding is an Austin, TX based hard money lender who offers loans throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They provide loans for a variety of scenarios, including fix-and-flip hard money loans, hard money construction ...
Adelante Funding
7000 North 10th Street, Suite C7, 2nd Floor
McAllen, TX 78504
Adelante Funding is a McAllen, TX based private lender providing loans throughout Dallas, Austin, San Antonio, Fort Worth, Houston, Mcallen, and Laredo. They provide lending solutions for a variety of situations, including hard money loans for commercial properties ...
Texas Mortgage Place
1795 Northwest Hwy
Garland, TX 75041
Texas Mortgage Place is a private lender based in Garland, TX offering funding throughout Dallas and Fort Worth. They offer lending solutions for many different situations, including short term loans, long term rental property loans, fix-and-flip loans, and ...
Prein Funding
7200 Ranch Road 2222
Austin, TX 78730
Headquartered in Austin, TX, Prein Funding is a private money lender providing loans in Austin, San Antonio, Houston, Dallas, and Fort Worth. They offer short term bridge loans, private commercial loans, fix-and-flip loans, and long term rental ...
212 Loans
909 NE Loop 410 Suite #100
San Antonio, TX 78209
212 Loans is a San Antonio, TX based private lender offering loans across these areas: Los Angeles, San Diego, Denver, Phoenix, Dallas, Fort Worth, Austin, San Antonio, Houston, Galveston, Chicago, Nashville, Atlanta, Charlotte, and Tampa. They offer loans ...
Thrive Lending
809 Cuernavaca Drive N
Austin, TX 78733
Thrive Lending is hard money lender based in Austin, TX. They offer funding throughout Dallas, Houston, Austin, San Antonio, and Fort Worth. They offer loans for a variety of situations and needs, including new construction loans, ...
Construction Financial Services
18568 Forty Six Parkway, Suite 3002
Spring Branch, TX 78070
Based in Spring Branch, TX, Construction Financial Services is a private money lender offering loans throughout these areas: Austin, Corpus Christi, Dallas, Del Rio, Floresville, Fort Worth, Houston, Lubbock, San Antonio, Brownsville, and Waco. They provide fix-and-flip hard ...
Distinct Funding Solutions
17177 Preston Rd # 135
Dallas, TX 75248
Based in Dallas, TX, Distinct Funding Solutions is a hard money lender providing loans throughout Dallas and Fort Worth. They provide lending solutions for a variety of situations, including loans for investments properties and fix and flip loans. ...
We Buy Any House Dallas
4925 Greenville Ave, Suite 360
Dallas, TX 75206
We Buy Any House Dallas is a private lender headquartered in Dallas, TX offering funding throughout Dallas and Fort Worth. They offer fix-and-flip hard money loans and short term loans. They offer terms up to 6 months, ...
Manana Funding
3571 Far West Blvd
Austin, TX 78731
Manana Funding is private money lender based in Austin, TX. They offer loans throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer lending solutions for many different situations, including investment property loans and fix ...
Avondale Private Lending
200 Crescent Court, Suite 60
Dallas, TX 75201
Avondale Private Lending is a Dallas, TX based hard money lender who offers funding throughout Dallas and Fort Worth. They provide long term rental property loans and fix and flip hard money loans. Their lending parameters are versatile, ...
AICS Lending Services
5608 Davis Blvd
North Richland Hills, TX 76180
AICS Lending Services is private lender based in North Richland Hills, TX. They offer funding in Dallas and Fort Worth. Their lending focus is mainly on fix-and-flip hard money loans. Their loan guidelines are versatile, including ...
Emerald Dolphin Enterprises
2821 Field St,
Haltom City, TX 76117
Emerald Dolphin Enterprises is a Haltom City, TX based hard money lender. They offer loans throughout Dallas and Fort Worth. Their focus is mainly on fix-and-flip loans. Their lending guidelines are versatile, including loans with a ...
Mustang Lending
13300 TX-171
Cresson, TX 76035
Mustang Lending is an asset-based lender based in Cresson, TX providing funding in Dallas and Fort Worth. They provide fix-and-flip loans and commercial hard money loans. Their loan guidelines are flexible, including loans with a maximum LTV ...
Longhorn Investments
17103 Preston Road, Suite 250
Dallas, TX 75248
Based in Dallas, TX, Longhorn Investments is a private money lender providing funding throughout these areas: Dallas, Fort Worth, Houston, Austin, San Antonio, St Louis, Kansas City, Indianapolis, Charlotte, Greensboro, Winston-salem, Raleigh, and Durham. They offer lending solutions ...
DFW Hard Money
Fort Worth, TX
Headquartered in Fort Worth, TX, DFW Hard Money is a private lender providing loans in Dallas and Fort Worth. Their focus is primarily on fix-and-flip hard money loans. They issue rates ranging between 13% and 14%, ...
Great Central Mortgage Acceptance Co
507 Rhapsody Drive
San Antonio, TX 78216
Great Central Mortgage Acceptance Co is hard money lender based in San Antonio, TX. They provide loans in Dallas, Houston, Austin, San Antonio, and Corpus Christi. They provide private commercial loans, buy and hold loans, ...
Mobius Capital is a private money lender offering funding across the following areas: San Diego, Los Angeles, San Jose, San Francisco, Dallas, Houston, Austin, and San Antonio. They offer lending solutions for a variety of scenarios, including buy ...
Investmark Mortgage
14285 Midway Road, Suite 345
Addison, TX 75001
Investmark Mortgage is an Addison, TX based private lender providing loans in Dallas, Austin, San Antonio, and Fort Worth. They offer short term fix and flip loans and rental property loans. Their lending guidelines are versatile, including ...
Loans 4 Investors
2140 E Southlake Blvd L-813
Southlake, TX 76092
Headquartered in Southlake, TX, Loans 4 Investors is a hard money lender providing loans in Dallas and Fort Worth. They offer loans for a variety of scenarios, including new construction loans, loans for investments properties, and fix and ...
DFW Investor Lending
16801 Addison Road, Suite 410
Addison, TX 75001
DFW Investor Lending is an Addison, TX based private money lender. They provide funding throughout Dallas, Fort Worth, and Denton. They offer loans for many different scenarios, including short term loans, long term rental property loans, ...
Entrust Equity Funding
25706 Evanston Ct
San Antonio, TX 78260
Based in San Antonio, TX, Entrust Equity Funding is a hard money lender providing funding in Dallas, Austin, San Antonio, Fort Worth, and Houston. They provide loans for many different scenarios, including long term rental property loans, hard ...
Pinnacle Mortgage
2825 Wilcrest, Suite 570
Houston, TX 77042
Pinnacle Mortgage is private money lender based in Houston, TX. They offer loans in Dallas, Houston, Austin, and San Antonio. They offer rental property loans, cash out loans, private commercial loans, and fix-and-flip hard money ...
RMAC Lending
7201 N. Classen Blvd, Suite 105
Oklahoma City, OK 73116
RMAC Lending is an Oklahoma City, OK based private lender who provides loans throughout Dallas, Oklahoma City, and Chicago. They offer short term fix and flip loans and investment property loans. They offer loan amounts ranging ...
Hamilton Cash Investments
901 Main Street, Suite 3610
Dallas, TX 75202
Hamilton Cash Investments is hard money lender based in Dallas, TX. They offer loans in Dallas, Fort Worth, Austin, San Antonio, Houston, and El Paso. Their lending focus is mainly on rental property loans. They ...
FW Funding
13760 Noel Rd #800
Dallas, TX 75240
Headquartered in Dallas, TX, FW Funding is a private lender providing loans in Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer buy and hold loans, private commercial loans, and fix and flip loans. ...
Executive Capital Lending
8300 Hwy 380, Suite 3
Cross Roads, TX 76227
Executive Capital Lending is a Cross Roads, TX based private lender offering funding throughout Dallas and Fort Worth. Their focus is mainly on loans for rental properties. The focus of their loans is for ...
Rehabbers Capital
1795 Northwest Hwy
Garland, TX 75041
Based in Garland, TX, Rehabbers Capital is a private lender providing funding throughout these areas: Dallas, Fort Worth, Houston, Austin, Waco, Temple, Killeen, and Tyler. They offer fix and flip loans and long term rental property loans. ...
Liberty Realty Capital
1611 South Utica, #102
Tulsa, OK 74104
Based in Tulsa, OK, Liberty Realty Capital is a private money lender offering funding across these areas: Tulsa, Oklahoma City, Fayetteville, Edmond, Broken Arrow, Bentonville, Fort Smith, Sand Springs, Norman, Little Rock, Stillwater, Dallas, Claremore, Enid, Austin, Waco, Joplin, Wichita, ...
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