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- RE: Highly Profitable Home Lender
- Contact: Dan Mudd
Quick Facts
| Asking Price: | $14,250,000 | |
| Annual Revenue: | $42,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $2,251,680 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2013 | |
| Employees: | 4 | |
| BBN Listing #: | 934720 | |
| Broker Reference #: | 52941-299027 |
Business Overview:
This 10-year-old scalable, process driven money lending firm specializing in providing efficient and flexible financing solutions in high growth residential markets primarily in North Texas. They are committed to helping clients succeed by offering tailored financial products and exceptional service. A deep transferable understanding of the Texas real estate market has resulted in <1% loan attrition. Since inception, over $175M in loans, avg. 145 loans per year, $180K avg. loan amount totaling $41M annually.
Their loans are short term at 12.5%, ranging from $50,000 to $5,000,000 with a maximum LTV of 70%, with terms up to 6 months.
Internal Rate of Return (IRR) historic annual yield is 18.1% at 6 months and 34.6% at 12 months.
The Seller requires interested buyer prospects complete an NDA and Buyer Profile documents along with an introductory conversation with business broker prior to release of confidential information about the business.
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Property Features and Assets:
Monthly Rent: $2,500.00
Square Units (Foot, Meter): 2,500
Facilities: CR Lending owner, owned property.
Market Competition and Expansion:
Competitive Overview: The hard money lending industry is competitive and dynamic, with players ranging from small local firms to large financial institutions. Success in this environment often hinges on localized expertise, transparent lending practices, competitive loan terms, and a strong network within the local real estate community.
Potential Growth: High
Reason for Selling:
DiversificationAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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