Loan Ranger Capital

About Loan Ranger Capital

Headquartered in Austin, TX, Loan Ranger Capital is an asset-based lender offering funding in Texas. They provide loans for many different situations and needs, including fix and flip loans, hard money construction loans, and buy and hold loans. They provide loan amounts ranging from $15,000 to $2,000,000 with a maximum LTV of 70%, terms between 6 months and 2 years, and rates starting at 14%. They are able to lend funds to all borrowers based on the value of the property and do not require a minimum FICO rating. The focus of their lending is on single family units and multi-family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: TX

Lending Guidelines for Loan Ranger Capital

Below are the general loan guidelines published on the Loan Ranger 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 Loan Ranger Capital.

Loan Example 1

Loan Ranger Capital issues a fix-and-flip loan to Kari for a remodeling project in Houston, TX, on a house that costs $320,000. As the lender agrees to a 85% loan-to-value, Kari will have to put 15% down and the amount of the loan will be $272,000. The loan is interest only, with monthly payments, and is for 6 months at 9% interest with 2 origination points paid at the closing.

Accordingly, Kari will be required to make a $48,000 down payment in addition to paying a $5,440 origination fee. she must then pay $2,040 monthly to Loan Ranger Capital. If Kari sells the house for $448,000 after 6 months, she would earn a total profit of $110,320 after subtracting the principle of $272,000, the cash contributed at the close of $48,000, the origination fee of $5,440, and the aggregate interest payments of $12,240. This gross profit does not account for building costs.

Loan Example 2

Seth takes out a hard money loan from Loan Ranger Capital in order to rehab a townhouse to resell in Houston, TX. The deal has the following terms:

a) A $390,000 sales price, b) a 85% loan-to-value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 1% origination fee.

Once the renovation project is complete, if Seth sells the house for $546,000, the numbers would be the following:

$546,000 sales price
- $331,500 principle (85% LTV)
- $58,500 down payment (15% on 85% LTV)
- $3,315 origination points (1% of the $331,500 principle amount)
- $36,465 interest payments (12 months x 11% interest)
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= $116,220 total profit (does not include taxes or renovation costs)