Eagle Point Lending

Direct Private Lending for Texas Real Estate Investors

Eagle Point Lending is a private asset-based lender for investment properties in Texas. We are focused on the asset, rather than the borrower, and we use common sense underwriting. We see ourselves as a partner to our investor clients. We can close within 5 days of initial application.

100% Financing* for rehab projects, up to 70% ARV
Purchase Bridge Loans up to 70% LTV
Refinance Bridge Loans up to 65% LTV
Ground-Up Construction Loans up to 70% ARV
Land Loans up to 70% LTV
Transactional Funding (same day close)

*In order to get 100% financing for rehab projects, investors must have experience and a 650+ FICO score. Otherwise, we would require a 10-15% cash down payment for the purchase.

We primarily lend on residential investment properties (1-4 units) but will consider some multifamily and commercial real estate.

Please note: We do NOT offer loans for owner-occupied homes or specialty commercial properties.

Property Geographic Area Details

Texas metropolitan areas Austin, Dallas, El Paso, Houston, Rio Grande Valley, San Antonio

Loan Amounts

$75,000 to $2,000,000

Interest Rates

11% to 13%

Loan Terms

6 months to 12 months

Origination Fees

2% to 3%

Lien Position

1st

Collateral Types

Residential Property
Commercial Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add)

Max LTP Residential: 70%

Max LTP Multifamily: 70%

Max LTP Commercial: 70%

Max LTP Land: 70%

Purchase Long-Term

Max LTP Residential: 75%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Residential: 65%

Max LTV 1st Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 65%

Max LTV 1st Lien Land: 65%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Residential: 65%

Max LTV 1st Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 65%

Max LTV 1st Lien Land: 65%

Refinance Long-Term

Max LTV Residential: 70%

Residential Fix & Flip

Max LTP: 90%

Max LTC: 90%

Max LTARV: 70%

Residential Rehab & Hold

Max LTP: 90%

Max LTC: 90%

Max LTARV: 70%

Multifamily Value-Add

Max LTP: 80%

Max LTC: 90%

Max LTARV: 70%

Commercial Value-Add

Max LTP: 80%

Max LTC: 80%

Max LTARV: 70%

Residential Construction

Max LTP Land: 90%

Max LTC: 90%

Max LTCV: 70%

Property Types

2-4 Units Residential
Multifamily
Portfolio of Residential Properties
Residential Land
Single Family Residence

Loan Types

Private Money
Hard Money
Residential Bridge
Residential Fix and Flip
Residential Rehab and Rent
Residential Ground-Up Construction
Residential Long-Term Rental
Commercial Bridge
Commercial Property Value Add

Specialty Loan Types

Residential Long-Term Rental
Subdivisions
Transactional Funding

Description

We are very comfortable with vacant entitled land in urban areas throughout Texas and are willing to lend at a higher LTV than most other private lenders.

Land Types Considered

Residential Land
Multifamily Land

Will Consider Land That is NOT Entitled

Max LTV for Land

70%

Max LTC for Land Acquisition

70%

For the purchase of a stabilized property that doesn't need to be rehabbed, Borrowers will need to contribute 10% cash to the closing.

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

Allowed Source of Borrower’s Equity

Own Cash
Partner

We'll fund up to 90% of the purchase price and 100% of the rehab costs, so long as the loan-to-after-repair value doesn't exceed 70%. Borrower will need to have cash reserves plus cash to pay the origination points and closing costs at closing. We will consider investors with no rehab experience, but they would have to contribute a minimum of 10-15% cash to the purchase and have additional cash reserves.

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

Maximum After Repair Value

70%

For construction projects, we will not participate in the land acquisition. The land must be owned free-and-clear. Borrowers need to contribute a minimum of 25% to the project. If the land value does not amount to 25% of the project, Borrower will need to cover the difference with cash. We will lend to new builders, but they would need to contribute a minimum of 30% to the projects and have additional cash reserves. We also consider construction completion refinance loans, but it can get messy with making sure title is clean and getting lien releases. Therefore, we prefer to buy the previous note so we don’t have to worry about the title issues.

Development Experience Required

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

100%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Inspection Fee

For rehab and construction projects, the fee is typically $200 per inspection and it could be higher in some cases.

Other Fee

Loan Setup Fee: typically $500 but could be higher in some cases

Fees which are mandatory for all new borrower clients

Other Fee

Fees which are paid to a third party company

Documents Fee
Appraisal Fee
Renovation or Construction Funds Draw Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only

Pre Payment Penalty

Will lend to a foreign national

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

Will Consider Collateralizing Multiple Properties in One Loan

Will Consider Equity Joint Venture

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Trust
Corporation

Documentation Required

Credit Report
Bank Statements

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

580

Credit Check Description

We do check credit and prefer to lend to borrowers with a credit score over 600. We will consider lower scores depending on the circumstances.

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Additional Details

For time-sensitive deals, we can order the appraisal to be done after funding the loan. We can do our own in-house valuation to make a quick decision in order to fund, but an appraisal must be done at some point. Many loans only require a desktop appraisal, while others will require a full appraisal with site visit.

Contact Eagle Point Lending

Eagle Point Lending pays us to be listed, so there is no fee to connect with them directly.

(832) 821-XXXX

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Eagle Point Lending is a private asset-based lender to investors and non-owner occupied borrowers. We focus on providing creative financing solutions with exceptional service to investors in the metropolitan areas of Texas. Our loans, often called hard money loans, can be used for the purchase or refinance of residential and commercial properties, financing of new construction or renovation projects and bridge funding.

We have been in the real estate business in Houston for 40+ years. We have our own in-house capital and can fund loans within a few days.

Company Size (Number of Employees)

Year Established

2020

Office Locations

11821 Farm to Market Road, 1488 Unit C, Magnolia, Texas 77354

Primary Capital Source

Own Funds
Bank Credit Line

Loan Structure for Majority of Loans

Own Balance Sheet
A/B Note Participation with Bank

Percentage of Loans Secured by Residential Property

100%

Total Number of Loans Funded to Date

155

Total Loan Volume Funded to Date

$40,000,000

Our Team

Rachel Rost

Loan Officer

Contact Eagle Point Lending

Eagle Point Lending pays us to be listed, so there is no fee to connect with them directly.

(832) 821-XXXX

Click to show phone number

Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Contact This Lender

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(832) 821-XXXX

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