Heartland Capital Group

About Heartland Capital Group

Heartland Capital Group is an asset-based lender in Addison, TX providing funding throughout Texas, Arizona, New Mexico, Utah, and Colorado. They offer lending solutions for a variety of scenarios, including commercial loans, short term loans, and cash out loans. They provide loan amounts ranging from $250,000 to $7,000,000 with a maximum LTV of 65%, terms between 60 months and 180 months, and rates starting at 7.99% . They will lend money to any borrower based on the property value and not on a minimum FICO rating. They offer loans on all the following property types: multi family residences, apartments, office buildings, retail spaces, and industrial facilities.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Industrial

Areas Served: TX, AZ, NM, UT, CO

Lending Guidelines for Heartland Capital Group

Below are the general loan guidelines published on the Heartland Capital Group 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 Heartland Capital Group.

Loan Example 1

Heartland Capital Group makes a hard money loan to Minerva for the acquisition of a new office building after she is denied a standard loan by her bank due to a subpar credit rating. The new property carries a price tag of $400,000. Minerva will need to put 20% down, or $80,000, since the lender will loan only 80% of the transaction (the loan to value or "LTV"). Accordingly, the principle amount on the loan will be $320,000. The deal also specifies a 12 month term, a 14% rate of interest, interest-only payments made each month with a balloon payment when the note expires (without a pre-payment penalty), and a 2 point origination fee. Under the specifications of the deal, Minerva will have to pay origination points of $6,400 when the deal is executed. She will also start making payments of $3,733 per month for the duration of the note and will pay back the principle amount at the end of the 12 month loan term. Should she decide to re-pay the note early, she can do so without an additional expense since there is not a pre-payment penalty stipulated by the note.

Loan Example 2

Lucille locates a duplex in Houston, TX to remodel and sell. Because she does not have enough cash to buy the property outright, she takes a private money bridge loan from Heartland Capital Group with the following parameters:

a) A $400,000 sales price, b) a 80% loan to value (LTV), c) a 6 month term, d) a 10% interest rate, and e) a 2% origination fee.

If Lucille accomplishes her goal of a $520,000 sales price, the outcome of the project will be the following:

$520,000 sales price
- $320,000 principle on note (80% LTV)
- $80,000 down payment (20% on 80% LTV)
- $6,400 origination points (2% of the $320,000 principle amount)
- $16,000 interest payments (6 months x 10% interest)
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= $97,600 total profit (doesn't include taxes or rehab costs)

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