Urban Coyote Funding

About Urban Coyote Funding

Urban Coyote Funding is a private money lender headquartered in Dallas, TX offering loans throughout Dallas, Houston, Austin, and San Antonio. They offer fix-and-flip hard money loans, commercial hard money loans, and loans for rental properties. They offer loan amounts starting from $35,000 with a maximum LTV of 75%, rates ranging between 12% and 13%, and terms between 1 year and 3 years. They primarily provide loans on single family residences and multi-family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Dallas, Houston, Austin, San Antonio

Lending Guidelines for Urban Coyote Funding

Below are the general loan guidelines published on the Urban Coyote 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 Urban Coyote Funding.

Loan Example 1

Bernadette is an investor in Dallas, TX. She finds an older property for sale and wants to remodel it and sell it for a profit. The house has a cost of $360,000 but she does not have the full amount so she takes out a fix and flip loan with Urban Coyote Funding. The borrower will have to fund 40% of the purchase price in cash to closing based on a 60% loan-to-value set by the lending company. This makes the principle amount from Urban Coyote Funding $216,000. The interest rate on the note is 14% for a length of 12 months and the company requires a one point origination fee at the closing. The interest is to be paid monthly and the principle amount will be returned after the property sells.

In addition to paying the $2,160 origination fee, Bernadette will also fund $144,000 of the purchase with her own funds, or 40% of the purchase price. Once the deal is closed and Bernadette takes on the property, she will begin making payments each month of $2,520 to the lender ($216,000 principle x 14% / 12 months). Assuming she sells the renovated project for $504,000 at the end of the 12 month term, her gross profit (not accounting for rehab expenses) would be $111,600. This is computed by taking the sales price ($504,000) and subtracting the original note amount ($216,000), the origination cost ($2,160), the funds she contributed to closing ($144,000), and the total interest expenses ($30,240).

Loan Example 2

Urban Coyote Funding issues a private money loan to Marcus for a remodeling project in Dallas, TX. The loan dictates the following:

a) A $360,000 purchase price, b) a 70% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 5% origination fee.

Based on a $504,000 sales price after the 12 month term, the outcome for the deal would look like the following:

$504,000 sales price
- $252,000 principle (70% LTV)
- $108,000 down payment (30% on 70% LTV)
- $12,600 origination points (5% of the $252,000 principle)
- $25,200 interest payments (12 months x 10% interest)
-----------------------
= $106,200 gross profit (does not include taxes or rehab costs)

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