About Hamilton Cash Investments
Hamilton Cash Investments is hard money lender based in Dallas, TX. They offer loans in Dallas, Fort Worth, Austin, San Antonio, Houston, and El Paso. Their lending focus is mainly on rental property loans. They provide rates ranging between 9% and 11%, terms up to 360 months, and loan amounts starting from $50,000 with a maximum LTV of 80%. They primarily make funding on single family homes.
Loan Types Offered: Investment Property Loans
Property Types Covered: Single Family
Areas Served: Dallas, Fort Worth, Austin, San Antonio, Houston, El Paso
Lending Guidelines for Hamilton Cash Investments
Below are the general loan guidelines published on the Hamilton Cash Investments website. Please confirm all terms and rates directly with the lender.
Investment Property LoansLoan Amounts: $50,000 and up
Available Rates: 9% - 11%
Typical Terms: Up to 360 months
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: YES
Interest Only Loans: N/A
Prepayment Penalties: NO
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 Hamilton Cash Investments.
Loan Example 1
Crystal takes a hard money loan from Hamilton Cash Investments in order to renovate a house to flip in Dallas, TX. The sales price of the property is $310,000. Because the lender sets a 70% loan-to-value, Crystal will need to put 30% down so the amount of the loan will be $217,000. The interest rate on the loan is 12% for a length of 18 months and the lender requires a one point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.
By the parameters of the loan, Crystal will need to pay a $2,170 origination fee plus 30% of the sales price, or $93,000, since there is a 70% LTV. The monthly interest-only payments will then be $2,170 to Hamilton Cash Investments. At the expiration of the note, she sells the renovated property for $434,000. After deducting the $39,060 in interest payments ($2,170 multiplied times 18 months), the $2,170 origination fee, the $217,000 principle amount on the note, and the $93,000 she contributed to closing, she will make a total profit of $82,770 ($434,000 price minus $351,230 in costs). This profit would be reduced by any renovation costs paid by Crystal .
Loan Example 2
Hamilton Cash Investments issues a hard money loan to Mindy for a remodeling project in Dallas, TX. The deal includes the following:
a) A $320,000 purchase price, b) a 70% loan to value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 4% origination fee.
Once the renovation project is completed, if Mindy sells the project for $416,000, the outcome would be the following:
$416,000 sales price
- $224,000 loan principle (70% LTV)
- $96,000 cash paid at closing (30% on 70% LTV)
- $8,960 origination points (4% of the $224,000 principle)
- $14,560 total interest paid (6 months x 13% interest)
= $72,480 gross profit (does not include taxes or rehab costs)
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