SWE Lending

About SWE Lending

SWE Lending, LLC NMLS #851997 is a Houston, TX based private money lender. They offer loans throughout Texas. They offer commercial loans, long term rental property loans, and fix and flip loans.They provide loans on the following types of properties: single family, multi-family units, apartments, office buildings, retail spaces, undeveloped land, and industrial buildings.

Loan Types Offered:

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Land, Industrial

Areas Served: TX

Licenses: NMLS #851997

Lending Guidelines for SWE Lending

Below are the general loan guidelines published on the SWE Lending 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 SWE Lending.

Loan Example 1

Cathleen is a house flipper in Houston, TX. She finds a run-down property and decides to rehab it and flip it for a profit. The property has a cost of $310,000 but she doesn't have the full amount so she takes a fix and flip loan with SWE Lending. The borrower will be required to contribute 40% of the purchase price in cash to closing based on a 60% loan to value stipulated by the lending company. This makes the principle amount from SWE Lending $186,000. The terms of the deal also stipulate a three percent origination fee which will be paid at closing and a 18 month, interest-only note with a 14% rate of interest.

The borrower will need to fund a total of $32,400 up front to cover the $124,000 down payment in addition to the $5,580 origination fee. After the loan closes, she will pay SWE Lending $2,170 in monthly interest payments, or 14% multiplied by $186,000 divided by 12 months in a year. At the end of the note, she sells the renovated property for $449,500. After subtracting the $39,060 in interest expenses ($2,170 multiplied by 18 months), the $5,580 origination fee, the $186,000 principle amount on the note, and the $124,000 she contributed to closing, she will make a total profit of $94,860 ($449,500 sales price minus $354,640 in total costs). This amount would then be reduced by any renovation costs paid out of pocket.

Loan Example 2

SWE Lending makes a loan to Renee for a remodeling project in Houston, TX. The loan includes the following:

$400,000 sales price
70% loan-to-value (LTV)
6 month term
8% rate of interest
3% origination fee

If Renee accomplishes her goal of a $480,000 sales price, the numbers of the deal would be the following:

$480,000 sales price
- $280,000 principle (70% LTV)
- $120,000 cash paid at closing (30% on 70% LTV)
- $8,400 origination fee (3% of the $280,000 principle)
- $11,200 interest payments (6 months x 8% interest)
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= $60,400 total profit (doesn't include taxes or renovation costs)

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