Streamline Funding

About Streamline Funding

Streamline Funding is a private lender headquartered in Austin, TX providing loans across these locations: Dallas, Houston, Austin, San Antonio, Waco, College Station, Laredo, Corpus Christi, Port Aransas, and Brownsville. They provide loans for a variety of situations, including hard money refinancing, buy and hold loans, construction loans, hard money loans for commercial properties, and fix and flip hard money loans. Their lending parameters are versatile, including terms between 6 months and 18 months, rates ranging between 11.99% and 13.99%, and loans with a maximum LTV of 70%. They primarily offer funding for single family units and multi family residences.

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

Property Types Covered: Single Family, Multi Family

Areas Served: Dallas, Houston, Austin, San Antonio, Waco, College Station, Laredo, Corpus Christi, Port Aransas, Brownsville

Lending Guidelines for Streamline Funding

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

Loan Example 1

Streamline Funding makes a fix-and-flip loan to Frank for a remodeling project in Dallas, TX, on a property that costs $230,000. The terms of the note include a 85% loan-to-value (LTV), so he must contribute 15% of the price as cash to closing, making the principle loan amount $195,500. The loan is interest only, with monthly payments, and is for 12 months at 9% interest with 2 origination points paid at closing.

Frank will need to contribute $34,500 at the closing (15% on the 85% loan to value), plus he will pay the $3,910 origination fee. he will then pay $1,466 per month to Streamline Funding. Frank's intention is to finish the remodel by the end of the 12 months and sell it for $299,000. If he succeeds he will collect a total profit of $47,495 ($299,000 sales price - $195,500 principle - $34,500 funds brough to closing - $3,910 origination points - $17,595 in total interest paid.

Loan Example 2

Meghan takes a fix and flip loan from Streamline Funding so she can rehab a house to resell in Dallas, TX. The deal has the following parameters:

a) A $330,000 purchase price, b) a 50% loan-to-value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 2% origination fee.

After the renovation project is completed, if Meghan sells the house for $495,000, the final numbers would be as follows:

$495,000 sales price
- $165,000 principle (50% LTV)
- $165,000 cash paid at closing (50% on 50% LTV)
- $3,300 origination fee (2% of the $165,000 principle)
- $29,700 interest payments (18 months x 12% interest)
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= $132,000 gross profit (does not include taxes or renovation costs)