About Executive Capital Lending
Executive Capital Lending is a Cross Roads, TX based private lender offering funding throughout Dallas and Fort Worth. Their focus is mainly on loans for rental properties. The focus of their loans is for single family residences and multi family residences.
Loan Types Offered: Investment Property Loans
Property Types Covered: Single Family, Multi Family
Areas Served: Dallas, Fort Worth
Lending Guidelines for Executive Capital Lending
Below are the general loan guidelines published on the Executive Capital Lending website. Please confirm all terms and rates directly with the lender.
Investment Property LoansLoan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A
The following loans are for education purposes only. They do not represent actual loans executed by Executive Capital Lending.
Loan Example 1
Executive Capital Lending issues a hard money loan to Joann for a renovation project in Dallas, TX, on a house that is listed for $380,000. As the lender agrees to a 50% loan to value, Joann will need to put 50% down so the amount of the loan will be $190,000. The deal also includes these features: 1) a 6 month term, 2) a 8% interest-only note, and 3) a five percent origination fee.
Joann will have to fund a total of $32,400 upon closing to cover the $190,000 down payment plus the $9,500 origination fee. Once the deal closes, she will have to pay the lender $1,267 in monthly interest payments, or 8% multiplied by $190,000 divided by 12 months in a year. Assuming she sells the renovated house for $551,000 at the end of the 6 month term, her gross profit (not including rehab costs) would be $153,900. This is computed by taking the sales price ($551,000) and subtracting the original principle ($190,000), the origination cost ($9,500), the cash she contributed to closing ($190,000), and the total interest expenses ($7,600).
Loan Example 2
Margaret is a real estate investor in Dallas, TX. She buys an older townhouse for a rehab project and takes a private money loan from Executive Capital Lending with the following features:
$180,000 sales price
55% loan-to-value (LTV)
18 month term
11% rate of interest
2% origination fee
If Margaret achieves her goal of a $252,000 sales price, the outcome of the deal would be as follows:
$252,000 sales price
- $99,000 note principle (55% LTV)
- $81,000 cash paid at closing (45% on 55% LTV)
- $1,980 origination fee (2% of the $99,000 principle amount)
- $16,335 interest payments (18 months x 11% interest)
= $53,685 gross profit (does not include taxes or renovation costs)
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