Manana Funding

About Manana Funding

Manana Funding is private money lender based in Austin, TX. They offer loans throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer lending solutions for many different situations, including investment property loans and fix and flip loans. They do not require a minimum credit score to receive a loan. The focus of their lending is for single family units and multi-family units.

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

Property Types Covered: Single Family, Multi Family

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

Lending Guidelines for Manana Funding

Below are the general loan guidelines published on the Manana Funding 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 Manana Funding.

Loan Example 1

Clyde takes a private money loan from Manana Funding in order to remodel a property to flip in Dallas, TX. The sales price of the property is $280,000. The terms of the note include a 55% loan-to-value (LTV), so he must contribute 45% of the price as cash to closing, which makes the principle note amount $154,000. The interest rate on the note is 12% for a length of 18 months and the lender requires a two point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle amount will be returned after the property sells.

On top of the $3,080 origination fee, Clyde will also have to fund $126,000 of the purchase with his own cash, or 45% of the sales price. The lender will collect $1,540 in monthly interest payments from the Clyde. This is calculated by taking the full note value of $154,000, multiplying that by the 12% interest rate, and then dividing that amount by 12. Clyde's intention is to complete the project within the 18 months and resell it for $392,000. If he succeeds he will make a total profit of $81,200 ($392,000 sales price - $154,000 principle - $126,000 down payment - $3,080 origination fee - $27,720 in total interest.

Loan Example 2

Nicholas is a real estate investor in Dallas, TX. He purchases an older house for a renovation project and takes out a private money loan from Manana Funding with the following paramters:

$290,000 purchase price
55% loan to value (LTV)
6 month term
8% interest rate
3% origination fee

If Nicholas achieves his goal of a $406,000 sales price, the final numbers of the deal would be the following:

$406,000 sales price
- $159,500 loan principle (55% LTV)
- $130,500 cash paid at closing (45% on 55% LTV)
- $4,785 origination points (3% of the $159,500 principle amount)
- $6,380 interest payments (6 months x 8% interest)
-----------------------
= $104,835 gross profit (does not include taxes or rehab costs)

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