ISB Capital
308 W. Parkwood #108-B
Friendswood, TX 77546
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About ISB Capital
ISB Capital is a Friendswood, TX based private money lender who provides loans in Texas. They provide fix-and-flip hard money loans, long term rental property loans, and new construction loans. Their loan parameters are flexible, including terms between 3 months and 9 months and loan amounts ranging from $50,000 to $500,000 with a maximum LTV of 70%. They primarily provide loans on single family residences and multi-family units.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, New Construction Loans
Property Types Covered: Single Family, Multi Family
Areas Served: TX
Licenses: NMLS #269082
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Lending Guidelines for ISB Capital
Below are the general loan guidelines published on the ISB Capital website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $50,000 - $500,000
Available Rates: N/A
Typical Terms: 3 months - 9 months
Points Charged: 2% - 4.5%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: $50,000 - $500,000
Available Rates: N/A
Typical Terms: 3 months - 9 months
Points Charged: 2% - 4.5%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/ANew Construction Loans
Loan Amounts: $50,000 - $2,000,000
Available Rates: N/A
Typical Terms: 3 months - 12 months
Points Charged: 2% - 4.5%
Max Loan-to-Value (LTV): 75%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by ISB Capital.
Loan Example 1
James closes on a $230,000 rehab project in Houston, TX, using a fix and flip loan from ISB Capital. Since the lender agrees to a 75% loan-to-value, James will be required to put 25% down so the total amount of the loan will be $172,500. The terms of the note also stipulate a three point origination fee that is to be paid at closing and a 18 month, interest-only note with a 14% rate of interest.
James will need to bring $57,500 to closing (25% on the 75% loan to value), plus he will need to pay the $5,175 origination fee. The monthly interest only payments will then be $2,013 to ISB Capital. If James sells the house for $333,500 after 18 months, he would earn a gross profit of $62,100 after deducting the principle amount of $172,500, the money contributed at closing of $57,500, the origination points of $5,175, and the total interest payments of $36,225. This profit does not include building costs.
Loan Example 2
ISB Capital issues a hard money loan to Wendy for a remodeling project in Houston, TX. The loan dictates the following:
$260,000 purchase price
65% loan to value (LTV)
18 month term
8% interest rate
3% origination feeWendy plans to list the house when the note expires for $377,000. If she succeeds, the deal numbers would be the following:
$377,000 sales price
- $169,000 principle (65% LTV)
- $91,000 down payment (35% on 65% LTV)
- $5,070 origination points (3% of the $169,000 principle amount)
- $20,280 total interest paid (18 months x 8% interest)
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= $91,650 total profit (does not include taxes or rehab costs) -
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