Lending Areas & guidelines

Lending Areas & Guidelines
Lending Areas & Guidelines
Lending Areas & Guidelines

Vantex Hard Money
Lending areas & guidelines:

We, Vantex Capital Group, offer hard money loans statewide in California. In Colorado, Texas and Washington State our preference is to lend in major metro areas although we will consider any loan that makes sense.  States that are not in our target areas will be considered on a case by case basis.  The following parameters are guidelines only. We tailor each and every hard money loan that we originate to fit the borrower’s individual needs. Exceptions will be considered based on the overall strength of the hard money loan request.

*THESE LENDING AREAS GUIDLINES ARE FOR BUSINESS PURPOSE LOANS ONLY.  THEY DO NOT APPLY FOR CONSUMER PURPOSE LOANS (LOANS THAT ARE FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES)

Lending Areas & Guidelines

California

Statewide
Lending Areas & Guidelines California Hard Money Guidelines*
Rate Range 7.99%-10.99% +/- 1st Liens
9.99%-13.99% +/- 2nd Liens
Max LTV Residential:
65% Purchase 1st
75% Purchase 1st/2nd combo
65% Refinance 1st
60% Refinance 2nd
Commercial:
50% Commercial
55% Multi-Family
Loan Term Up to 2 years - interest only
Up to 10 years - Partially/Fully amortized
Loan Size $50k to $25mm
Credit Score No Minimum
Closing Time Residential: 1-2 weeks
Commercial: 2-4 weeks
we lend throughout california including the following cities and their surrounding areas:
  • Stockton
  • Irvine
  • Chula Vista
  • Fremont
  • San Bernardino
  • Modesto
  • Fontana
  • Santa Clarita
  • Santa Barbara
  • Glendale
  • Huntington Beach
  • Ontario
Lending Areas & Guidelines

colorado

Major metropolitan areas only
Lending Areas & Guidelines Colorado Hard Money Guidelines*
Rate Range 8.99%-10.99% +/- 1st Liens
10.99%-13.99% +/- 2nd Liens
Max LTV Residential:
60% Purchase 1st
55% Refinance 1st
50% Refinance 2nd
Commercial:
50% Commercial
50% Multi-Family
Loan Term Up to 2 years - interest only
Up to 10 years - Partially/Fully amortized
Loan Size $50k to $25mm
Credit Score No Minimum
Closing Time Residential: 1-2 weeks
Commercial: 2-4 weeks
We lend in the major metro areas of Colorado including the following cities and their surrounding areas:
  • Denver
  • Colorado Springs
  • Aurora
  • Fort Collins
  • Lakewood
  • Thornton
  • Arvada
  • Westminster
  • Pueblo
  • Centennial
  • Greely
  • Boulder
  • Highlands Ranch
  • Longmont
  • Loveland
  • Broomfield
  • Castle Rock
  • Grand Junction
  • Commerce City
  • Parker
  • Littleton
  • Brighton
  • Northglenn
  •  Englewood
Lending Areas & Guidelines

Texas

Major metropolitan areas only
Lending Areas & Guidelines Texas Hard Money Guidelines*
Rate Range 8.99%-10.99% +/- 1st Liens
10.99%-13.99% +/- 2nd Liens
Max LTV Residential:
60% Purchase 1st
55% Refinance 1st
50% Refinance 2nd
Commercial:
50% Commercial
50% Multi-Family
Loan Term Up to 2 years - interest only
Up to 10 years - Partially/Fully amortized
Loan Size $50k to $25mm
Credit Score No Minimum
Closing Time Residential: 1-2 weeks
Commercial: 2-4 weeks
We lend in the major metro areas of Texas including the following cities and their surrounding areas:
  • Houston
  • San Antonio
  • Dallas
  • Austin
  • Fort Worth
  • El Paso
  • Arlington
  • Corpus Christi
  • Plano
  • Laredo
  • Lubbock
  • Garland
  • Irvine
  • Frisco
  • Amarillo
  • Mckinney
  • Grand Prairie
  • Brownsville
  • Killeen
  • Pasadena
  • Midland
  • McAllen
  • Denton
  • Mesquite City
Lending Areas & Guidelines

Washington

Major metropolitan areas only
Lending Areas & Guidelines Washington Hard Money Guidelines*
Rate Range 8.99%-10.99% +/- 1st Liens
10.99%-13.99% +/- 2nd Liens
Max LTV Residential:
60% Purchase 1st
55% Refinance 1st
50% Refinance 2nd
Commercial:
50% Commercial
50% Multi-Family
Loan Term Up to 2 years - interest only
Up to 10 years - Partially/Fully amortized
Loan Size $50k to $25mm
Credit Score No Minimum
Closing Time Residential: 1-2 weeks
Commercial: 2-4 weeks
We lend in the major metro areas of Washington State including the following cities and their surrounding areas:
  • Seattle
  • Spokane
  • Tacoma
  • Vancouver
  • Bellevue
  • Kent
  • Everett
  • Renton
  • Spokane Valley
  • Federal Way
  • Yakima
  • Kirkland
  • Bellingham
  •  Kennewick
  • Auburn
  • Pasco
  • Redmond
  • Marysville
  • Sammamish
  • Lakewood
  • Richmond
  • South Hill
  • Shoreline
  • Olympia

*THESE GUIDLINES ARE FOR BUSINESS PURPOSE LOANS ONLY.  THEY ARE NOT FOR CONSUMER PURPOSE LOANS (LOANS THAT ARE FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES).

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