Texas Quest Capital

About Texas Quest Capital

Texas Quest Capital is private lender based in Houston, TX. They offer funding throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer lending solutions for many different situations, including fix-and-flip loans, loans for investments properties, short term loans, and commercial hard money loans. Their lending guidelines are versatile, including terms up to 1 year and loans with a maximum LTV of 70%. The focus of their lending is on single family homes and multi-family units.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Dallas, Austin, San Antonio, Fort Worth, Houston

Lending Guidelines for Texas Quest Capital

Below are the general loan guidelines published on the Texas Quest 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 Texas Quest Capital.

Loan Example 1

Dean takes a fix and flip loan from Texas Quest Capital in order to remodel a townhome to resale in Dallas, TX. The sales price of the property is $290,000. The borrower will have to bring 15% of the sales price in cash to the closing based on a 85% loan to value stipulated by the lender. This makes the principle amount from Texas Quest Capital $246,500. The terms of the deal also stipulate a four point origination fee that is to be paid at the closing and a 6 month, interest-only note with a 9% interest rate.

Dean will need to contribute $43,500 to the closing (15% on the 85% loan to value), plus he will pay the $9,860 origination fee. The monthly interest only payments will then total $1,849 to the lender. At the expiration of the note, he sells the renovated property for $391,500. After deducting the $11,093 in interest expenses ($1,849 times 6 months), the $9,860 origination fee, the $246,500 principle on the note, and the $43,500 he brought to the closing, he will earn a gross profit of $80,548 ($391,500 price minus $310,953 in costs). This amount would then be reduced by any rehab costs paid by Dean.

Loan Example 2

Jeanne is a real estate investor in Dallas, TX. She locates a run-down townhouse for a renovation project and obtains a hard money loan from Texas Quest Capital with the following features:

a) A $340,000 purchase price, b) a 50% loan to value (LTV), c) a 12 month term, d) a 12% interest rate, and e) a 3% origination fee.

If Jeanne achieves her goal of a $408,000 sales price, the numbers of the deal will be as follows:

$408,000 sales price
- $170,000 note principle (50% LTV)
- $170,000 down payment (50% on 50% LTV)
- $5,100 origination fee (3% of the $170,000 principle amount)
- $20,400 interest payments (12 months x 12% interest)
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= $42,500 total profit (doesn't include taxes or renovation costs)