Bay Mountain Capital

About Bay Mountain Capital

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 lend money to any borrower based on the value of the property. They will make loans on various types of properties, including single family homes, multi-family units, apartment buildings, office buildings, retail spaces, and undeveloped land.

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, Warehouse, Industrial, Medical, Land

Areas Served: Dallas, Houston, Austin, San Antonio, Waco, College Station, Laredo, Corpus Christi, Port Aransas, Brownsville, Atlanta, Savannah, Oklahoma City, Tulsa, Memphis, Nashville, Chattanooga, Knoxville, Johnson City, Kingsport, Bristol, Sugar Land, Galveston, Fort Worth

Lending Guidelines for Bay Mountain Capital

Below are the general loan guidelines published on the Bay Mountain Capital 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 Bay Mountain Capital.

Loan Example 1

Cora is a real estate investor in Dallas, TX. She locates a run-down property for sale and wants to renovate it and flip it for a profit. The house costs $310,000 but she does not have the full amount so she takes a fix-and-flip loan with Bay Mountain Capital. Because the lender sets a 60% loan-to-value, Cora will need to put 40% down and the total amount of the loan will be $186,000. The interest rate on the loan is 8% for a term of 6 months and the lender requires a two point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.

In accordance with the parameters of the note, Cora will be required to pay a $3,720 origination fee in addition to 40% of the sales price, or $124,000, based on the 60% LTV. Once the loan is executed and Cora takes on the property, she will begin making payments each month of $1,240 to the lender ($186,000 principle x 8% / 12 months). If Cora sells the property for $403,000 after 6 months, she would realize a total profit of $81,840 after subtracting the original principle of $186,000, the funds paid at the close of $124,000, the origination points of $3,720, and the total interest payments of $7,440. This profit does not account for rehab costs.

Loan Example 2

Rafael takes out a private money loan from Bay Mountain Capital so he can remodel a townhouse to flip in Dallas, TX. The deal has the following terms:

$180,000 purchase price
85% loan-to-value (LTV)
18 month term
9% rate of interest
5% origination fee

Rafael plans to list the house when the note expires for $243,000. If he accomplishes his goal, the deal numbers will be the following:

$243,000 sales price
- $153,000 principle on note (85% LTV)
- $27,000 cash paid at closing (15% on 85% LTV)
- $7,650 origination fee (5% of the $153,000 principle amount)
- $20,655 interest payments (18 months x 9% interest)
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= $34,695 total profit (doesn't include taxes or renovation costs)

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