Lone Star Hard Money

About Lone Star Hard Money

Lone Star Hard Money is a hard money lender in Dallas, TX providing loans throughout Dallas and Fort Worth. They offer commercial loans, refinancing, fix and flip loans, and investment property loans. Their lending guidelines are versatile, including terms between 3 months and 36 months, rates ranging between 10% and 12%, and loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 70%. They make loans on the following property types: single family units, multi family, retail storefronts, and offices.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Retail, Office

Areas Served: Dallas, Fort Worth

Lending Guidelines for Lone Star Hard Money

Below are the general loan guidelines published on the Lone Star Hard Money 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 Lone Star Hard Money.

Loan Example 1

Maribel takes a fix-and-flip loan from Lone Star Hard Money in order to rehab a property to flip in Dallas, TX. The sales price of the house is $220,000. The lender agrees to issue a loan with a 80% loan to value (LTV) so they are willing to loan $176,000 on the project. The loan is interest only, with monthly payments, and is for 6 months at 8% interest with 5 origination points to be paid at closing.

According to the parameters of the loan, Maribel will be required to contribute a $8,800 origination fee in addition to 20% of the purchase price, or $44,000, based on the 80% LTV. The monthly interest only payments will then be $1,173 to the lender. If Maribel accomplishes her goal of a $286,000 sales price when the loan term expires, she would earn a gross profit of $50,160 after re-paying the principle amount and deducting the money she contributed at closing, the origination points, and the total interest payments.

Loan Example 2

Jacqueline finds a townhouse in Dallas, TX to remodel and resell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Lone Star Hard Money with the following parameters:

$250,000 sales price
55% loan to value (LTV)
12 month term
14% interest rate
2% origination fee

Assuming a $325,000 sales price at the end of the 12 month term, the outcome for this deal would look like this:

$325,000 sales price
- $137,500 principle on note (55% LTV)
- $112,500 down payment (45% on 55% LTV)
- $2,750 origination points (2% of the $137,500 principle)
- $19,250 total interest paid (12 months x 14% interest)
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= $53,000 total profit (doesn't include taxes or renovation costs)

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