AMI Lenders

About AMI Lenders

AMI Lenders is a Houston, TX based private money lender. They provide funding in Houston. They offer lending solutions for many different situations, including fix and flip hard money loans, loans for investments properties, and private commercial loans. They offer loans with a maximum LTV of 70%. They will make loans on all of the following types of properties: single family homes, multi-family, apartment buildings, office units, retail storefronts, hotels, storage buildings, senior facilities, mixed use spaces, undeveloped land, churches, warehouse spaces, industrial buildings, and medical offices.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

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

Areas Served: Houston

Licenses: AMI Lenders Inc. Residential Mortgage Loan Originator NMLS 320385, State of Texas Office of Consumer Credit Commissioner Regulated Lender License #51409, James L. Emerson: NMLS # 315844, Joseph L. Emerson: NMLS # 320291, Jeff Emerson: NMLS #320687

Lending Guidelines for AMI Lenders

Below are the general loan guidelines published on the AMI Lenders 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 AMI Lenders.

Loan Example 1

Kelley is a real estate investor in Houston, TX. She discovers a run-down property and wants to remodel it and flip it for a profit. The house costs $300,000 but she doesn't have the full amount so she obtains a fix and flip loan with AMI Lenders. The lender agrees to issue a loan with a 85% loan-to-value (LTV) so they will loan $255,000 on the property. The note is interest only, paid monthly, and is for 18 months at 14% interest with 1 origination points to be paid at the closing.

Kelley will have to bring $45,000 to the closing (15% on the 85% LTV), plus she will have to pay the $2,550 origination fee. After the deal is closed and Kelley takes the project, she will have to begin making monthly payments of $2,975 to the lender ($255,000 principle x 14% / 12 months). If Kelley sells the property for $435,000 after 18 months, she would earn a total profit of $78,900 after deducting the principle of $255,000, the funds paid at the close of $45,000, the origination points of $2,550, and the total interest payments of $53,550. This amount doesn't account for renovation costs.

Loan Example 2

Charity takes out a hard money loan from AMI Lenders so she can remodel a property to resell in Houston, TX. The loan has the following terms:

a) A $200,000 purchase price, b) a 60% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 3% origination fee.

If Charity achieves her goal of a $250,000 sales price, the numbers of the project would be the following:

$250,000 sales price
- $120,000 principle (60% LTV)
- $80,000 down payment (40% on 60% LTV)
- $3,600 origination fee (3% of the $120,000 principle)
- $4,800 total interest paid (6 months x 8% interest)
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= $41,600 total profit (doesn't include taxes or rehab costs)

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