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Highly Profitable Home Lender In Collin County For Sale

Collin County, Texas
Finance and insurance
Company Data
Price
$14.3M
9%
Revenue
$41.0M
Top 10%
Profit
$3.6M
4X
Business Overview
About the Company
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, $258K 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 Asset IRR (non-owner funds) is 20.4% at 6 months and 19.3% at 12 months while Equity IRR (owner funds) is 38.3% at 6 months and 34.4% 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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