Home Bridge Financial Services

About Home Bridge Financial Services

Home Bridge Financial Services is a Plano, TX based hard money lender offering loans throughout Texas. They provide fix and flip loans and investment property loans. Their loan parameters are versatile, including loans with a maximum LTV of 70%. They will make loans on numerous property types, including single family, multi family, apartments, office buildings, retail units, mixed use buildings, and undeveloped land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

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

Areas Served: TX

Lending Guidelines for Home Bridge Financial Services

Below are the general loan guidelines published on the Home Bridge Financial Services 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 Home Bridge Financial Services.

Loan Example 1

Dorothy is an investor in Houston, TX. She discovers an older property for sale and wants to renovate it and sell it for a profit. The house costs $250,000 but she does not have the full amount so she takes a hard money loan with Home Bridge Financial Services. The terms of the deal include a 75% loan-to-value (LTV), so she must bring 25% of the price as cash to closing, making the principle loan amount $187,500. The parameters of the deal also stipulate a one point origination fee which will be paid at the closing and a 12 month, interest only note with a 12% interest rate.

Dorothy must fund a total of $32,400 upon closing to pay the $62,500 down payment in addition to the $1,875 origination fee. she must then pay $1,875 per month to Home Bridge Financial Services. At the expiration of the loan, she sells the renovated house for $350,000. After subtracting the $22,500 in interest expenses ($1,875 multiplied by 12 months), the $1,875 origination fee, the $187,500 principle on the loan, and the $62,500 she contributed to the closing, she will make a total profit of $75,625 ($350,000 sales price minus $274,375 in costs). This profit would then be reduced by any building costs paid by the borrow.

Loan Example 2

Cathy takes out a private money loan from Home Bridge Financial Services so she can remodel a house to re-sell in Houston, TX. The deal has the following parameters:

$200,000 sales price
75% loan to value (LTV)
12 month term
14% interest rate
5% origination fee

Assuming a $300,000 sales price after the 12 month term, the final numbers for the deal would look like the following:

$300,000 sales price
- $150,000 principle (75% LTV)
- $50,000 down payment (25% on 75% LTV)
- $7,500 origination fee (5% of the $150,000 principle amount)
- $21,000 interest payments (12 months x 14% interest)
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= $71,500 total profit (doesn't include taxes or rehab costs)

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