DJ Jordan Properties

About DJ Jordan Properties

DJ Jordan Properties is a hard money lender headquartered in El Paso, TX providing loans in Texas. They provide lending solutions for many different situations, including fix-and-flip hard money loans, cash out loans, hard money loans for commercial properties, and investment property loans. Their loan guidelines are versatile, including terms up to 5 years, rates starting at 12%, and loan amounts ranging from $25,000 to $1,000,000 with a maximum LTV of 75%. They are able to lend funds to any borrower based on the value of the property and not on a minimum FICO rating. They offer loans on all the following types of properties: single family residences, multi-family, apartment buildings, office buildings, retail storefronts, mixed use, warehouse spaces, and industrial facilities.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Warehouse, Industrial

Areas Served: TX

Lending Guidelines for DJ Jordan Properties

Below are the general loan guidelines published on the DJ Jordan Properties 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 DJ Jordan Properties.

Loan Example 1

Warren takes a private money loan from DJ Jordan Properties in order to renovate a duplex to resale in Houston, TX. The list price of the house is $290,000. The lender agrees to write a loan with a 85% loan to value (LTV) so they are willing to extend $246,500 on the project. The note is interest-only, paid monthly, and is for 18 months at 14% interest with 2 origination points paid at closing.

Warren will need to contribute $43,500 at closing (15% on the 85% loan to value), plus he will pay the $4,930 origination fee. The monthly interest-only payments will then total $2,876 to the lender. If Warren sells the property for $348,000 after 18 months, he would earn a total profit of $1,305 after subtracting the original principle of $246,500, the cash contributed at closing of $43,500, the origination points of $4,930, and the total interest payments of $51,765. This gross profit doesn't include renovation costs.

Loan Example 2

Deloris is a an investor in Houston, TX. She purchases a run-down townhouse for a renovation project and obtains a private money loan from DJ Jordan Properties with the following paramters:

$240,000 sales price
50% loan to value (LTV)
12 month term
14% rate of interest
1% origination fee

Once the renovation project is completed, if Deloris sells the property for $336,000, the final numbers would be as follows:

$336,000 sales price
- $120,000 note principle (50% LTV)
- $120,000 cash paid at closing (50% on 50% LTV)
- $1,200 origination fee (1% of the $120,000 principle amount)
- $16,800 total interest paid (12 months x 14% interest)
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= $78,000 gross profit (doesn't include taxes or renovation costs)