Temple View Capital

About Temple View Capital

Temple View Capital is private lender headquartered in Bethesda, MD. They provide loans in 20 states throughout the US. They provide short term fix and flip loans, cash out loans, private commercial loans, loans for rental properties, and short term loans. Their lending parameters are versatile, including terms between 6 months and 2 years, loan amounts ranging from $75,000 to $2,000,000 with a maximum LTV of 85%, and rates ranging between 9% and 14%. They do not require a minimum FICO score to obtain a loan. The focus of their lending is on single family units and multi family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: CA, CO, CT, DC, FL, GA, IL, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TX, VA, WA, WY

Loan Example 1

Clinton finds a townhome in Houston, TX to remodel and sell. Since he does not have enough cash on-hand to acquire the $340,000 property outright, he takes out a hard money loan from Temple View Capital. The loan-to-value (LTV) on the loan is 80%. This means that Clinton will bring 20% of the sales price to closing and the principle will be $272,000 on the loan. The parameters of the loan also include a two point origination fee which will be paid at closing and a 12 month, interest-only note with a 9% interest rate.

In addition to paying the $5,440 origination fee, Clinton will also have to fund $68,000 of the purchase with his own funds, or 20% of the sales price. The monthly interest-only payments will then be $2,040 to Temple View Capital. If Clinton sells the project for $459,000 after 12 months, he would make a gross profit of $89,080 after subtracting the original principle of $272,000, the cash paid at closing of $68,000, the origination points of $5,440, and the total interest payments of $24,480. This amount does not account for renovation costs.

Loan Example 2

Madeline takes a private money loan from Temple View Capital so she can renovate a townhouse to re-sell in Houston, TX. The deal has the following terms:

$160,000 purchase price
50% loan to value (LTV)
18 month term
14% interest rate
1% origination fee

After the renovation project is complete, if Madeline sells the house for $240,000, the numbers would be as follows:

$240,000 sales price
- $80,000 loan principle (50% LTV)
- $80,000 cash paid at closing (50% on 50% LTV)
- $800 origination fee (1% of the $80,000 principle)
- $16,800 interest payments (18 months x 14% interest)
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= $62,400 total profit (doesn't include taxes or renovation costs)

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