Texas Commercial Loans

About Texas Commercial Loans

Texas Commercial Loans is a Magnolia, TX based hard money lender. They offer loans in Texas. Their focus is primarily on commercial hard money loans. They offer loans with a maximum LTV of 70%. They provide loans on all of the following types of properties: multi family, apartment buildings, office buildings, retail units, hotels, storage buildings, assisted living facilities, mixed use, warehouse buildings, industrial buildings, medical offices, raw land, and churches.

Loan Types Offered: Commercial Hard Money Loans

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

Areas Served: TX

Lending Guidelines for Texas Commercial Loans

Below are the general loan guidelines published on the Texas Commercial Loans 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 Texas Commercial Loans.

Loan Example 1

So she can purchase a new warehouse for her growing business, Isabelle looks to Texas Commercial Loans to fund her purchase with a commercial hard money loan since she isn't able to obtain a commercial mortgage from a bank. The price of the building is $390,000 and the lending company agrees to fund 50% of the purchase price (the loan-to-value / "LTV"), or $195,000. The remaining $195,000 will need to be contributed by the borrower when the sale closes. The lender additionally specifies the following terms of the transaction: 1) a 12% interest rate, 2) a 18 month length with interest-only payments to be paid monthly, 3) an origination fee of 2 points paid by Isabelle at closing, and 4) no pre-payment penalty. By the rules of the loan, Isabelle will have to pay an origination fee of $3,900 at the closing (2% x $195,000 principle amount) and will then make payments of $1,950 per month ($195,000 principle amount x 12% interest / 12 months). Finally, she will make a balloon payment of the $195,000 principle amount upon expiration of the loan, or before if she chooses.

Loan Example 2

Meagan is a real estate investor in Houston, TX. She locates an older townhouse for a renovation project and obtains a private money loan from Texas Commercial Loans with the following terms:

$250,000 purchase price
65% loan to value (LTV)
12 month term
9% rate of interest
1% origination fee

Meagan plans to list the house at the end of the term for $325,000. If she accomplishes her goal, the deal numbers would be the following:

$325,000 sales price
- $162,500 loan principle (65% LTV)
- $87,500 down payment (35% on 65% LTV)
- $1,625 origination points (1% of the $162,500 principle amount)
- $14,625 total interest paid (12 months x 9% interest)
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= $58,750 gross profit (does not include taxes or renovation costs)

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