Revere Capital

About Revere Capital

Revere Capital is an asset-based lender in Dallas, TX offering funding all throughout the United States. They provide hard money loans for commercial properties, fix-and-flip hard money loans, loans for investments properties, and cash out loans. They provide loan amounts ranging from $2,000,000 to $30,000,000 and terms between 1 year and 3 years. They offer loans on all the following property types: multi family residences, apartment buildings, office buildings, retail units, hotels/motels, storage facilities, senior housing communities, mixed use buildings, undeveloped land, and warehouses.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Warehouse

Areas Served: National

Lending Guidelines for Revere Capital

Below are the general loan guidelines published on the Revere Capital 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 Revere Capital.

Loan Example 1

Revere Capital makes a fix and flip loan to Juana for a renovation project in Salt Lake City, UT, on a property that costs $320,000. The borrower will be required to bring 20% of the purchase price in cash to closing based on a 80% loan-to-value stipulated by the lender. This makes the principle amount from Revere Capital $256,000. The terms of the deal also stipulate a five point origination fee that is to be paid at closing and a 12 month, interest-only note with a 13% rate of interest.

Juana will have to contribute $64,000 to the closing (20% on the 80% loan to value), plus she will need to pay the $12,800 origination fee. The lender will collect $2,773 in monthly interest from the Juana. This is computed by taking the total note amount of $256,000, multiplying that by the 13% rate of interest, and then dividing that amount by 12. Juana's plan is to complete the remodel by the end of the 12 months and sell it for $464,000. If she succeeds she will collect a total profit of $97,920 ($464,000 sales price - $256,000 principle amount - $64,000 down payment - $12,800 origination points - $33,280 in interest.

Loan Example 2

Dan is a real estate investor in Durham, NC. He buys an older house for a renovation project and takes a fix and flip loan from Revere Capital with the following terms:

$240,000 sales price
60% loan-to-value (LTV)
6 month term
13% interest rate
5% origination fee

Once the renovation project is finished, if Dan sells the house for $300,000, the outcome would be the following:

$300,000 sales price
- $144,000 principle (60% LTV)
- $96,000 down payment (40% on 60% LTV)
- $7,200 origination points (5% of the $144,000 principle amount)
- $9,360 interest payments (6 months x 13% interest)
-----------------------
= $43,440 total profit (does not include taxes or renovation costs)

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