DP Martone Capital

About DP Martone Capital

DP Martone Capital is hard money lender headquartered in Spring, TX. They offer funding in Houston. They provide ground up construction loans, cash out hard money loans, long term rental property loans, fix-and-flip hard money loans, short term bridge loans, and hard money loans for commercial properties. Their lending guidelines are versatile, including loan amounts ranging from $100,000 to $10,000,000 with a maximum LTV of 80%. They make loans on the following types of properties: single family units, multi-family, apartment buildings, offices, retail spaces, and industrial 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, Industrial

Areas Served: Houston

Lending Guidelines for DP Martone Capital

Below are the general loan guidelines published on the DP Martone 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 DP Martone Capital.

Loan Example 1

Frances closes on a $400,000 renovation project in Houston, TX, using a fix-and-flip loan from DP Martone Capital. As the lender sets a 75% loan-to-value, Frances will have to put 25% down so the total amount of the loan will be $300,000. The rate on the loan is 14% for a length of 6 months and the company requires a five point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.

On top of the $15,000 origination fee, Frances will also have to fund $100,000 of the purchase with her own funds, or 25% of the sales price. Once the deal is executed and Frances takes over the property, she will begin making monthly payments of $3,500 to the lender ($300,000 principle x 14% / 12 months). If Frances accomplishes her goal of a $500,000 sales price at the end of the loan term, she would earn a gross profit of $64,000 after re-paying the principle amount and subtracting the money she contributed at closing, the origination fee, and the monthly interest payments.

Loan Example 2

DP Martone Capital makes a fix and flip loan to Cathleen for a rehab project in Houston, TX. The deal includes the following:

$210,000 sales price
70% loan to value (LTV)
18 month term
10% interest rate
5% origination fee

Cathleen plans to list the property when the note expires for $283,500. If she accomplishes her goal, the deal numbers would be as follows:

$283,500 sales price
- $147,000 principle on note (70% LTV)
- $63,000 cash paid at closing (30% on 70% LTV)
- $7,350 origination fee (5% of the $147,000 principle)
- $22,050 total interest paid (18 months x 10% interest)
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= $44,100 gross profit (does not include taxes or rehab costs)

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