Announcing Houston hard money loans!
We’re pleased to announce that we’re branching out in the Texas hard money market and we’re now able to fund your rehab and new construction projects in Houston as well as Austin. We just made our first loan in Houston to a flipper doing a major rehab in the historic Heights neighborhood. We were able to lend the investor $273,000 with a $59,500 repair escrow. The house should sell for $390,000 once the renovations are complete.
If you’re an investor looking for a hard money loan in Houston, you can reach Shaun at 713-969-7677 or email us your deal. If your deal isn’t too unusual, we’ll have a preliminary offer ready for you within a day. If the preliminary numbers work for you, we’ll set a time to come out and see the property and confirm our offer as soon as possible. Read FAQ about our hard money loans here.
We know your deals need to close quickly, so we work hard to get our hard money loans closed and funded in 5 business days when we need to. We’re a direct lender, not a broker. We’re not shopping your deal around to see who might bite. We have funds available to lend immediately.
We do purchase and refinance loans for Houston and Austin real estate investors. We can lend up to 70% of the after-repaired value (ARV) and there is no out-of-pocket requirement. Our minimum loan amount is $100,000 and while we’re most comfortable with loans under $2 million, we can consider higher loan amounts if you have a multi-family development or commercial income property.
Our Houston hard money loans are 13% interest and 4 points with no other fees. More about how our Houston hard money loans work here. Contact us here if we can answer any specific questions. We can also provide you a pre-qualification letter to present with your offers. We’re excited to have a presence in the Houston hard money loan market and we want to be your go-to lender for Houston real estate investment projects.