HouseMax Funding, LLC

Austin, Texas

Contact

Hard Money Loans to Fund Your Next Big Project

HouseMax Funding is based in Austin, TX. Our principals have fix-and-flipped hundreds upon hundreds of homes across their combined careers, and have operated within most every facet of the real estate industry.

Property Geographic Area Details

Nationwide - 40+ states

Loan Amounts

$75,000 to $7,000,000

Interest Rates

4.99% to 12.99%

Max Loan-To-Value

85%

Max Loan-To-Cost

90%

Origination Fees

1% to 4%

Loan Terms

12 months to 360 months

Lien Position

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project
Development Project
Personal Use

Property Occupancy

Vacant
Tenant Occupied 100%
Tenant Occupied Partial

Minimum Occupancy Percentage

25%

Property Types and Loan Types

Collateral Types

Residential Property
Commercial Property

Property Types

2-4 Units Residential
Condominium
Portfolio of Residential Properties
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

Specialty Loan Types

Residential Long-Term Rental
Note Purchase
Line of Credit Single Property
Line of Credit Portfolio of Properties

Purchase Loan

For rehab projects, borrower must contribute at least 15% cash toward the purchase. We do not allow gap funding or seller financing.

Max Loan-To-Purchase Price

85%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

Own Cash
Partner
Family

Rehab Value Add Loan

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Typical Number of Days for Funds Draw

Maximum After Repair Value

74.00%

Construction Loan

We only provide ground-up construction loans to experienced builders that have completed at least 4 successful projects. Borrower must contribute at least 15% of the total construction costs.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

85%

Will Lend on Partially Completed Construction Projects

yes

Residential Long-Term Rental

Minimum Loan Amount

$75,000

Maximum Loan Amount

$6,000,000

Minimum Interest Rate

4.99%

Maximum Interest Rate

8.75%

Minimum Origination Fee

Maximum Origination Fee

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

75%

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Rentals

Yes

Minimum Number of Properties

Minimum Property Value

$50,000

Maximum Property Value

$2,000,000

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Works With

Brokers
Borrowers

Payment Structure

Interest Only
Amortized

Pre Payment Penalty

yes

Step down prepay dependent on loan term

Will lend to a foreign national

yes

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

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

Borrower Entity Types Considered

LLC
Limited Partnership
Trust
Corporation
Self-Directed IRA

Documentation Required

Credit Report
Bank Statements
Loan Application

Personal Guaranty (Recourse) Required

Credit Check Required

yes

Minimum Credit Score Required

649

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Documents Fee

$995 paid at funding

Minimum Origination Fee Amount

$3,000

Fees which are mandatory for all new borrower clients

Appraisal Fee

Fees which are charged upfront prior to loan closing

Appraisal Fee

Fees which are paid to a third party company

Title Fee

We are Real Estate Experts. Having worked in all facets of the real estate industry, from operating a brokerage to wholesaling to mortgage origination, we understand the challenges faced by builders, remodelers, and house flippers. Money is the life blood of the business, and when you need it, you need it now. That’s why we customize financing and hard money loans to the borrowers unique situation. Our goal is to build long term relationships, so we align ourselves with your interests, not the bank backing the loan. We’re a Texas business with Texas ethics and we’re ready to lend you the money you need.

Company Size (Number of Employees)

22 Year Established

2017

Associations

American Association of Private Lenders
National Association of Private Lenders

Office Locations

6001 West William Cannon, Suite 102, Austin, Texas 78749

Primary Capital Source

Own Funds
Debt Fund We Manage
Bank Credit Line
Life Insurance Companies

Loan Structure for Majority of Loans

Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

99%

Percentage of Loans Secured by Commercial Property

Percentage of Loans Secured by Residential Property

95%

Percentage of Commercial Property Loans Which are Ground-Up Construction

Loan Request

Deal Name *

Short Description of your Loan Request or Property Address

First Name *

Last Name *

Company

Email *

Phone

Company Phone

Your Location

This information is about yourself, not the subject property.

Country *

State

Province

Country *

State/Province

City *

What is your primary role in this loan request? *

Specify Your Role

Requested Loan Amount *

Loan-to-Value

Preferred Loan Term *

months

Lien Position *

Collateral Type *

Will the loan be collateralized by multiple properties? *

Fill out the form for one of the properties

At the end of the form you can enter the additional properties.

Exit Strategy *

how will the loan be paid off?

Exit Strategy Details *

Subject Property Address

Subject Property City *

Subject Property State *

Subject Property Zip Code

APN Parcel ID Number(s)

Lot Size

acres

Subject Property Photos

Add links to photos here.

	Image
1

Add

Will additional properties be collateralized? *

Additional Properties

Address