Wildcat Lending

About Wildcat Lending

Wildcat Lending is a Dallas, TX based hard money lender who offers loans throughout Texas. They offer lending solutions for many different situations, including fix-and-flip hard money loans and loans for rental properties. Their lending parameters are versatile, including terms up to 6 months, loans with a maximum LTV of 70%, and rates starting at 12% . They lend money to all borrowers based on the value of the property but also require a minimum FICO score of 620. They will consider various loan scenarios but generally focus on single family residences 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 Wildcat Lending

Below are the general loan guidelines published on the Wildcat Lending 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 Wildcat Lending.

Loan Example 1

Carlos closes on a $170,000 rehab project in Houston, TX, using a hard money loan from Wildcat Lending. The terms of the note include a 55% loan-to-value (LTV), so he must bring 45% of the price as cash at closing, which makes the principle note amount $93,500. The interest rate on the note is 9% for a length of 18 months and the lender requires a two point origination fee at the closing. The interest is to be paid monthly and the principle will be returned after the property sells.

The borrower will have to contribute a total of $32,400 upon closing to pay the $76,500 down payment plus the $1,870 origination fee. Once the loan is closed and Carlos takes on the project, he will need to begin making monthly payments of $701 to Wildcat Lending ($93,500 principle x 9% / 12 months). Carlos's plan is to complete the renovation by the end of the 18 months and sell it for $212,500. If he succeeds he will make a total profit of $28,008 ($212,500 sales price - $93,500 principle - $76,500 cash at closing - $1,870 origination fee - $12,623 in total interest.

Loan Example 2

Wildcat Lending issues a private money loan to Bettye for a rehab project in Houston, TX. The loan includes the following:

$240,000 purchase price
85% loan to value (LTV)
12 month term
12% rate of interest
3% origination fee

Once the rehab project is finished, if Bettye sells the property for $300,000, the final numbers would be the following:

$300,000 sales price
- $204,000 principle on note (85% LTV)
- $36,000 cash paid at closing (15% on 85% LTV)
- $6,120 origination points (3% of the $204,000 principle amount)
- $24,480 total interest paid (12 months x 12% interest)
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= $29,400 gross profit (does not include taxes or renovation costs)

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