Adelante Funding

About Adelante Funding

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 and hard money bridge loans. They will make loans on all of the following types of properties: multi-family units, apartment buildings, office buildings, retail spaces, hotels/motels, storage buildings, senior living communities, mixed use spaces, warehouse spaces, industrial buildings, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: Dallas, Austin, San Antonio, Fort Worth, Houston, McAllen, Laredo

Lending Guidelines for Adelante Funding

Below are the general loan guidelines published on the Adelante Funding website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Adelante Funding.

Loan Example 1

Abby owns a small business in Dallas, TX and needs to buy a new retail space for her operations. Because she is unable to get a conventional mortgage loan from a bank, she looks to Adelante Funding for a commercial private money loan. The cost of the new property is $370,000 and the lender agrees to contribute 60% of the cost (the loan-to-value / "LTV"), or $222,000. The remaining $148,000 will have to be contributed by the borrower when the deal is executed. The terms of the deal include a 12 month length, a 8% rate of interest, and a 5 origination fee to be paid by the borrower when the deal is executed. Abby can eliminate the loan at any point in time if she pays off the $222,000 in principle, but she will need to make $1,480 per month interest payments ($222,000 principle value x 8% interest / 12 months in a year) in the meantime, or up to the point the loan expires. Since there is no pre-payment penalty, the only additional cost she will have to pay is the $11,100 origination charge which she will pay at the closing.

Loan Example 2

Sophia finds a duplex in Dallas, TX to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a private money bridge loan from Adelante Funding with the following parameters:

$300,000 sales price
50% loan-to-value (LTV)
12 month term
8% interest rate
2% origination fee

Once the renovation project is finished, if Sophia sells the project for $420,000, the numbers would be as follows:

$420,000 sales price
- $150,000 note principle (50% LTV)
- $150,000 down payment (50% on 50% LTV)
- $3,000 origination points (2% of the $150,000 principle)
- $12,000 total interest paid (12 months x 8% interest)
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= $105,000 gross profit (does not include taxes or rehab costs)