Hurst Lending

About Hurst Lending

Hurst Lending is hard money lender based in Dallas, TX. They offer funding throughout Colorado, Florida, Georgia, and Texas. They offer short term loans, loans for investments properties, commercial loans, and short term fix and flip loans. They offer loan amounts starting from $50,000 with a maximum LTV of 70%. They require a minimum FICO score of 650 to obtain a loan. They primarily make funding for single family residences and multi family residences.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: CO, FL, GA, TX

Licenses: NMLS #267051

Lending Guidelines for Hurst Lending

Below are the general loan guidelines published on the Hurst Lending 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 Hurst Lending.

Loan Example 1

Charlene closes on a $350,000 rehab project in Houston, TX, using a fix-and-flip loan from Hurst Lending. The loan-to-value (LTV) on the note is 65%. This means that Charlene will bring 35% of the purchase price to closing and the principle will be $227,500 on the loan. The deal also has the following features: 1) a 12 month length, 2) a 14% interest only note, and 3) a five percent origination charge.

Accordingly, Charlene will have to make a $122,500 down payment in addition to paying a $11,375 origination fee. After the deal is closed and Charlene takes the project, she will begin making payments each month of $2,654 to Hurst Lending ($227,500 principle x 14% / 12 months). If she sells the rehabed project for $455,000 at the end of the 12 month term, her total profit (not including rehab costs) would be $61,775. This is computed by taking the sales price ($455,000) and subtracting the original principle ($227,500), the origination fee ($11,375), the money she brought to closing ($122,500), and the total interest expenses ($31,850).

Loan Example 2

Hurst Lending issues a hard money loan to Eric for a rehab project in Houston, TX. The loan includes the following:

$300,000 purchase price
85% loan-to-value (LTV)
18 month term
10% rate of interest
2% origination fee

Eric plans to sell the property when the note expires for $390,000. If he succeeds, the outcome would be as follows:

$390,000 sales price
- $255,000 principle on note (85% LTV)
- $45,000 cash paid at closing (15% on 85% LTV)
- $5,100 origination points (2% of the $255,000 principle)
- $38,250 total interest paid (18 months x 10% interest)
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= $46,650 gross profit (does not include taxes or rehab costs)

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