Rehabbers Capital

About Rehabbers Capital

Based in Garland, TX, Rehabbers Capital is a private lender providing funding throughout these areas: Dallas, Fort Worth, Houston, Austin, Waco, Temple, Killeen, and Tyler. They offer fix and flip loans and long term rental property loans. Their lending guidelines are versatile, including terms up to 6 months, rates from 14%, and loan amounts starting from $75,000 with a maximum LTV of 70%. Their loan parameters do not include a minimum credit rating. They will consider different loan scenarios but primarily focus on single family homes and multi-family units.

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

Property Types Covered: Single Family, Multi Family

Areas Served: Dallas, Fort Worth, Houston, Austin, Waco, Temple, Killeen, Tyler

Lending Guidelines for Rehabbers Capital

Below are the general loan guidelines published on the Rehabbers 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 Rehabbers Capital.

Loan Example 1

Rehabbers Capital issues a private money loan to Tina for a remodeling project in Dallas, TX, on a property that costs $260,000. The lender agrees to issue a loan with a 50% loan to value (LTV) so they will extend $130,000 on the house. The interest rate on the loan is 9% for a term of 18 months and the lender requires a four point origination fee at the close. The interest is to be paid on a monthly basis and the principle will be paid back after the sale of the property.

Tina will need to contribute a total of $32,400 up front to cover the $130,000 down payment in addition to the $5,200 origination fee. The monthly interest only payments will then total $975 to the lender. If Tina meets her goal of a $390,000 total sales price when the loan expires, she would pocket a gross profit of $107,250 after re-paying the principle and subtracting the money she brought to closing, the origination fee, and the total monthly interest payments.

Loan Example 2

Alberta locates a property in Dallas, TX to renovate and re-sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Rehabbers Capital with the following parameters:

$310,000 purchase price
50% loan-to-value (LTV)
18 month term
12% interest rate
3% origination fee

Alberta plans to list the house at the end of the term for $418,500. If she accomplishes her goal, the deal numbers would be the following:

$418,500 sales price
- $155,000 principle on note (50% LTV)
- $155,000 down payment (50% on 50% LTV)
- $4,650 origination points (3% of the $155,000 principle)
- $27,900 interest payments (18 months x 12% interest)
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= $75,950 gross profit (does not include taxes or rehab costs)

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