Texas Real Estate Loans

Our clients choose us to sell notes for a wide variety of reasons. Some of the most common reasons we hear include...

We close in 15 days.

We are not brokers. We are investors and pay top dollar.

People often refer to private money lenders because many real estate transactions require quick responses and quick turn funding to secure a deal. Conventional lending through banking institutions can be anywhere from 30 to 45 day closing timelines that cost the potential buyer to lose out on a lucrative deal. Conventional lending also requires a certain credit rating for approval. In most cases, Investors call on us when they either do not have the time, credit to qualify at a bank, or patience to work through traditional financing options but still want a fixed interest rate with amortized terms and not a balloon note. We offer SOFT private money lending that can get funds to work for you in under two weeks! Lower interest rates, 10 – 20 year terms and quick loan processing!

We offer financing on non-owner occupied investment properties. Some of these transactions include:

Yes

YES! Contact us to discuss how we can help each other and our clients.

Typically, we offer loans between $25,000 and $1,000,000. But tell us what you have.

We offer terms of 60-240 months, 5 years, 10 years, 15 years and 20 years.

There is no minimum credit score for loan approval. Loans are based on the value of the asset and financial position of the borrower. Credit checks are not required but may be requested to determine debt to income ratio to confirm borrower can afford monthly payments.

As a private soft money lender, we typically offer interest rates of 8.5% to 12%, with 3 ½ points, and a $650 loan document fee.

A “Point” is an upfront fee on a loan that is incurred at the time of funding. Each point is equal to 1% of the loan amount.

This depends on the current marketable value of the collateral. We typically lend up to 70% of the LTV on improved properties and up to 50% LTV on land only properties. However, we review each transaction separately, let us know your situation and we will discuss the options available that might fit your needs.

Loan - to - Value (LTV) calculations on properties are determined using a current appraisal, BPO (broker priced opinion) and Contract Sales Price. The maximum LTV in MOST cases is 70% of the current marketable value. In certain circumstances there may be flexibility in LTV.

Typically, no. We do consider each loan request on a case by case basis so it never hurts to inquire. Construction/Interim Construction loans may be considered depending on different factors of the collateral/project.

We have a 2% prepay penalty if the loan is paid off in the first 24 months. Subject to each transaction.

Funding in as little as two weeks if all parties are prepared. Quicker if title and valuation is submitted at the time the loan application is accepted.

Yes. We require hazard fire insurance on each property that we lend on.