Reliance Capital Funding

About Reliance Capital Funding

Reliance Capital Funding is a hard money lender based in Highland Village, TX offering loans in Texas. They provide hard money refinancing, bridge loans, and commercial loans. Their loan guidelines are versatile, including rates ranging between 9.9% and 12.9%, terms between 1 year and 5 years, and loan amounts ranging from $50,000 to $750,000 with a maximum LTV of 55%. They lend money to any borrower based on the property value and do not require a minimum FICO score. They will make loans on numerous property types, including multi family residences, apartment buildings, office units, retail units, hotels, storage buildings, senior housing facilities, mixed use buildings, raw land, churches, warehouse spaces, industrial buildings, and medical offices.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: TX

Lending Guidelines for Reliance Capital Funding

Below are the general loan guidelines published on the Reliance Capital 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 Reliance Capital Funding.

Loan Example 1

So he can buy a new commercial building for his small business, Leonard turns to Reliance Capital Funding to fund his purchase with a commercial private money loan because he cannot obtain a standard loan from a bank. The building costs $270,000. Based on a 85% loan-to-value (LTV) stipulated by the lender, the loan principle amount is $229,500. The remaining $40,500 will be be paid by Leonard. In addition, the lender will charge a 4 percent origination fee along with the 10%, 6 month term on the note. They will not enforce a pre-payment penalty in the event that Leonard pays off the loan early. By the parameters of the loan, Leonard will be required to pay an origination charge of $9,180 at the closing (4% x $229,500 principle value) and will then begin making payments of $1,913 monthly ($229,500 principle value x 10% interest / 12 months). he will also make a balloon payment of the $229,500 principle value upon expiration of the note, or sooner if he chooses.

Loan Example 2

Jacob takes a private money bridge loan from Reliance Capital Funding in order to rehab a house to resell in Houston, TX. The loan has the following terms:

a) A $400,000 purchase price, b) a 70% loan-to-value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 3% origination fee.

After the rehab project is complete, if Jacob sells the project for $500,000, the numbers would be as follows:

$500,000 sales price
- $280,000 note principle (70% LTV)
- $120,000 down payment (30% on 70% LTV)
- $8,400 origination points (3% of the $280,000 principle)
- $19,600 interest payments (6 months x 14% interest)
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= $72,000 gross profit (doesn't include taxes or rehab costs)

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