LTV Funding Corp

About LTV Funding Corp

LTV Funding Corp is a private money lender based in Garland, TX offering loans in Texas. They offer lending solutions for many different scenarios, including loans for investments properties and fix-and-flip loans. They offer loan amounts starting from $75,000 with a maximum LTV of 75%, terms up to 360 months, and rates ranging between 8.99% and 9.99%. They require a minimum FICO rating of 600 to obtain a loan. They will consider different lending scenarios but primarily focus on single family homes and multi-family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: TX

Lending Guidelines for LTV Funding Corp

Below are the general loan guidelines published on the LTV Funding Corp 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 LTV Funding Corp.

Loan Example 1

Curtis takes a fix-and-flip loan from LTV Funding Corp in order to remodel a property to resale in Houston, TX. The list price of the house is $320,000. Because the lender sets a 55% loan to value, Curtis will be required to put 45% down and the amount of the loan will be $176,000. The rate on the loan is 12% for a term of 6 months and the lender requires a one point origination fee at the close. The interest is to be paid monthly and the principle will be returned after the sale of the property.

In accordance with the parameters of the loan, Curtis will be required to contribute a $1,760 origination fee in addition to 45% of the sales price, or $144,000, since there is a 55% LTV. After the deal closes, he will need to pay LTV Funding Corp $1,760 in monthly interest fees, or 12% times $176,000 divided by 12 months in a year. At the end of the note, he sells the rehabed house for $480,000. After deducting the $10,560 in interest expenses ($1,760 times 6 months), the $1,760 origination fee, the $176,000 principle amount on the note, and the $144,000 he brought to closing, he will earn a total profit of $147,680 ($480,000 sales price minus $332,320 in total costs). This profit would be reduced by any building costs paid by the borrow.

Loan Example 2

Troy locates a house in Houston, TX to rehab and re-sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from LTV Funding Corp with the following parameters:

a) A $340,000 sales price, b) a 60% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 5% origination fee.

If Troy achieves his goal of a $425,000 sales price, the numbers of the project would be as follows:

$425,000 sales price
- $204,000 loan principle (60% LTV)
- $136,000 down payment (40% on 60% LTV)
- $10,200 origination fee (5% of the $204,000 principle amount)
- $8,160 total interest paid (6 months x 8% interest)
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= $66,640 total profit (does not include taxes or renovation costs)

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