Commercial Partners of Texas

About Commercial Partners of Texas

Commercial Partners of Texas is hard money lender based in Richmond, TX. They offer loans throughout Texas. They provide hard money loans for commercial properties, short term loans, ground-up construction loans, short term fix and flip loans, hard money refinancing, and investment property loans. They issue rates ranging between 7.99% and 12% and loan amounts ranging from $100,000 to $50,000,000 with a maximum LTV of 85%. They offer loans on the following property types: single family units, multi-family, apartments, offices, retail spaces, hotels, storage facilities, senior housing communities, mixed use, undeveloped land, churches, warehouses, industrial facilities, and medical buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Commercial Partners of Texas

Below are the general loan guidelines published on the Commercial Partners of Texas 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 Commercial Partners of Texas.

Loan Example 1

Dale finds a property in Houston, TX to remodel and sell. Since he doesn't have enough cash on-hand to purchase the $270,000 property outright, he decides to take out a private money loan from Commercial Partners of Texas. Because the lender sets a 60% loan-to-value, Dale will need to put 40% down so the principle amount of the loan will be $162,000. The terms of the note also stipulate a four point origination fee that will be paid at the closing and a 6 month, interest only note with a 12% interest rate.

Dale will have to contribute $108,000 to the closing (40% on the 60% LTV), plus he will need to pay the $6,480 origination fee. Commercial Partners of Texas will collect $1,620 in monthly interest payments from the borrower. This is computed by taking the total loan amount of $162,000, multiplying by the 12% interest rate, and then dividing that amount by 12. If he sells the renovated project for $378,000 at the end of the 6 month term, his total profit (not accounting for remodeling expenses) would be $91,800. This is computed by taking the purchase price ($378,000) and subtracting the principle ($162,000), the origination fee ($6,480), the money he contributed to closing ($108,000), and the total interest expenses ($9,720).

Loan Example 2

Commercial Partners of Texas makes a fix and flip loan to Myra for a remodeling project in Houston, TX. The deal includes the following:

$310,000 sales price
75% loan-to-value (LTV)
6 month term
13% interest rate
3% origination fee

Myra intends to sell the property when the note expires for $434,000. If she succeeds, the deal numbers will be the following:

$434,000 sales price
- $232,500 loan principle (75% LTV)
- $77,500 cash paid at closing (25% on 75% LTV)
- $6,975 origination points (3% of the $232,500 principle)
- $15,113 interest payments (6 months x 13% interest)
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= $101,913 total profit (does not include taxes or rehab costs)

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