Investmark Mortgage

About Investmark Mortgage

Investmark Mortgage is an Addison, TX based private lender providing loans in Dallas, Austin, San Antonio, and Fort Worth. They offer short term fix and flip loans and rental property loans. Their lending guidelines are versatile, including loans with a maximum LTV of 70%, terms up to 18 months, and rates ranging between 12% and 14%. They do not require their borrowers to have a minimum FICO score to receive a loan. The focus of their lending is on single family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family

Areas Served: Dallas, Austin, San Antonio, Fort Worth

Lending Guidelines for Investmark Mortgage

Below are the general loan guidelines published on the Investmark Mortgage 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 Investmark Mortgage.

Loan Example 1

Pamela closes on a $160,000 rehab project in Dallas, TX, using a fix-and-flip loan from Investmark Mortgage. The loan to value (LTV) on the deal is 55%. This means that Pamela will bring 45% of the sales price to closing and the principle will be $88,000 on the deal. The rate on the note is 8% for a term of 12 months and the company requires a five point origination fee at the close. The interest payments are to be paid monthly and the principle will be paid back after the property sells.

On top of the $4,400 origination fee, Pamela will also fund $72,000 of the purchase with her own cash, or 45% of the sales price. Investmark Mortgage will collect $587 in monthly interest from the Pamela. This is computed by taking the full note amount of $88,000, multiplying that by the 8% rate of interest, and then dividing that amount by 12. Pamela's intention is to finish the remodel by the end of the 12 months and re-sell it for $240,000. If she succeeds she will earn a total profit of $68,560 ($240,000 price - $88,000 principle - $72,000 funds brough to closing - $4,400 origination points - $7,040 in interest.

Loan Example 2

Javier finds a townhouse in Dallas, TX to remodel and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Investmark Mortgage with the following parameters:

a) A $160,000 purchase price, b) a 65% loan to value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 4% origination fee.

If Javier accomplishes his goal of a $200,000 sales price, the numbers of the project would be as follows:

$200,000 sales price
- $104,000 principle (65% LTV)
- $56,000 down payment (35% on 65% LTV)
- $4,160 origination fee (4% of the $104,000 principle)
- $6,240 interest payments (6 months x 12% interest)
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= $29,600 gross profit (does not include taxes or renovation costs)

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