Delta 8 Capital

About Delta 8 Capital

Delta 8 Capital is a private money lender in North Richland Hills, TX providing loans in Texas and Oklahoma. They provide short term fix and flip loans and commercial loans. They provide loan amounts ranging from $100,000 to $2,500,000. They will make loans on all the following property types: single family units, multi family residences, apartment buildings, office buildings, retail storefronts, hotels and motels, storage facilities, senior communities, mixed use, warehouse spaces, industrial facilities, medical buildings, and raw land.

Loan Types Offered: 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: TX, OK

Licenses: Texas Real Estate Broker License Number: 0511608

Lending Guidelines for Delta 8 Capital

Below are the general loan guidelines published on the Delta 8 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 Delta 8 Capital.

Loan Example 1

Delta 8 Capital makes a fix-and-flip loan to Salvador for a renovation project in Houston, TX, on a property that costs $260,000. The borrower will be required to fund 45% of the purchase price in cash to closing based on a 55% loan to value stipulated by the lender. This makes the principle amount from Delta 8 Capital $143,000. The terms of the loan dictate a 12% note for 18 months. They also stipulate a 1 point origination fee, that will also be paid at closing.

Accordingly, Salvador will have to contribute a $117,000 down payment plus pay a $1,430 origination fee. The lender will collect $1,430 in monthly interest from the borrower. This is calculated by taking the total note value of $143,000, multiplying that by the 12% rate of interest, and then dividing that amount by 12. If Salvador meets his goal of a $325,000 total sales price at the end of the loan term, he would make a total profit of $37,830 after re-paying the principle amount and subtracting the money he paid at closing, the origination points, and the monthly interest payments.

Loan Example 2

Leroy takes out a fix and flip loan from Delta 8 Capital so he can rehab a townhouse to resell in Houston, TX. The loan has the following terms:

$280,000 purchase price
75% loan-to-value (LTV)
18 month term
10% interest rate
2% origination fee

If Leroy achieves his goal of a $378,000 sales price, the numbers of the project will be the following:

$378,000 sales price
- $210,000 loan principle (75% LTV)
- $70,000 down payment (25% on 75% LTV)
- $4,200 origination points (2% of the $210,000 principle amount)
- $31,500 total interest paid (18 months x 10% interest)
-----------------------
= $62,300 gross profit (does not include taxes or rehab costs)

No Reviews Yet

Delta 8 Capital currently has no reviews. To add a review now, click the link below:

Write a Review for Delta 8 Capital