Best Hard Money Loans | Sterling Investor Capital

Houston hard money loans and Texas hard money lender, no credit or income check. Commercial and residential loans. Low rates. Call now 713-784-7676

Personal Bridge Loans: Buying a New Home Before You Sell Your Current House

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Bridge Loans: Your Key to Buying a New Home

Bridge Loans: A Homeowners Key to New Home Purchases

Bridge Loans: A Homeowners Key to New Home Purchases

 

Bridge loans have become increasingly popular because they give new home buyers a way to finance their purchase before they sell their old home.  Even though these loans may have higher interest rates than conventional mortgages, they may end up saving borrowers money because they allow home buyers to seize opportunities, wait to sell their current house to the right buyer, and maybe take advantage of better financing options in the long run. Also, since they are only expected to be short-term loans, somewhat higher interest rates should not make that large of an impact on borrowers.

 

Examples of Bridge Loans for Home Purchases

 

To understand the advantages of using a bridge loan for a new home purchase, consider an example. A family may own a home that has been put on the market because they need to move. They may want to move to upgrade to a better home, seek employment in another area, or for any of a number of good reasons. This family would like to purchase a new house quickly, but they also want to wait to fix up their old house and market it to a good buyer who will pay a fair price.

 

Meanwhile, this family needs money for a substantial down payment for their new home in order to take advantage of low interest rates and mortgage payments over the long term. This is a problem because they have money tied up in the equity of the current home. A bridge loan solves this problem because it provides the financing to purchase the new home.

 

In some cases, cash is not a problem, but it still takes time to get approved for a conventional mortgage at low interest rates. Rather than wait weeks or months for an approval, families may get approved for a hard money real estate loan within days. In some cases, interest-only real estate loans can get arranged.

 

Advantages of Bridge Loans for Real Estate Purchases

 

By now, the advantages of bridge loans for personal home purchases should be clear:

  • Fast money; Hard money lenders can arrange bridge loans very quickly, and this gives home buyers the ability to close on a real estate deal quickly with cash.
  • Cash buyers: Many home sellers and real estate agents prefer cash buyers, and they may offer discounts on the sales price and other incentives.
  • Time to properly market and sell an old home: This gives the home owner time to fix up their old home and leave it on the market long enough to get a good offer.

 

Once the old home has been sold, the buyer is free to begin arranging conventional financing to replace the bridge loan. Depending upon mortgage company rules, the buyers may even be able to refinance instead of take out a new mortgage, and this can help reduce interest rates even more. Hopefully, the sale of the current home leaves the buyers with some cash to offer a sizable down payment, so they will come out of the process with substantial equity in their new property.

 

Besides just saving money and giving buyers the ability to act quickly, bridge loans can help private real estate buyers by giving them the ability to act quickly. This might be very important if the buyer needs to start a new job or simply wants to take advantage of a good deal that might not stay on the market long. Having the ability to secure money for a new house with a bridge loan may also reduce a lot of the stress that is normally involved in trying to sell one house and buy another one.

 

 

 

 

 

 

 

 

Reasons to Invest in Hard Money Commercial Bridge Loans

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Commercial Hard Money Loans: Your Serious Real Estate Investment Opportunity

Call Us to Start Earning with Commercial Real Estate :

Call Us to Start Earning with Commercial Real Estate : 713-784-7676

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. Robert G Allen

Commercial Hard Money Loan Pros and Cons

Commercial Hard Money Loan Pros and Cons

Bridge Loans Defined: These are short-term loans, usually from six months to three years, meant to provide quick financing before more permanent financing can be secured or a property can get sold.

Commercial Hard Money Loans: Typically, these are loans to businesses who need quick financing before funds get raised by more conventional means. The security for the loan is business property assets.   Why Invest in Businesses?   We have already discussed many ways that hard money offers the best real estate investment opportunity. However, a lot of the discussion of hard money loans covers private loans made to individual real estate investors or even individual home buyers. Hard money loans, made to businesses, present another real estate investment opportunity for savvy investors. Best of all, you get the opportunity to back businesses in your community in a secure way.   Security of Commercial Hard Money Loans   How do you know that your commercial hard money loan investment is kept safe? These loans get backed by the collateral of commercial property that a business seeks. Because the business needs to act swiftly to purchase this asset, they turn to hard money lenders who can provide quick cash. Since the business owners or managers know that these are short-term loans, they are already probably working on permanent financing.   All of the information gets disclosed to you – as you work with us to find solid opportunities to profit by backing business.   Permanent financing may come from banks, commercial finance companies, or even stock sales. But all of those solutions take time, and business owners may have an opportunity to expand or begin a business that requires quick action. That’s where you, as a commercial hard money loan investor come in. Meanwhile, the actual business property serves as collateral for the loan.   Advantages of Commercial Hard Money Loans for Investors

  • Diversification: These loans allow you to diversify your investment portfolio by making loans with a fixed and high rate of return that does not depend upon the current economic situation or even prevailing interest rates.
  • Security: Since loans are usually made on some percentage, maybe 60 to 70 percent, of the value of the property, your security is the value of the actual business property the loan is made against. If the lender defaults, you have a lien on the property. These properties can get sold, or you can – in some cases – even have a chance to take ownership of them.
  • Simplicity: Commercial hard money loans are actually some of the most direct and easy-to-understand types of investment opportunities in the world.
  • Position: You are in the first position to get paid if the lender defaults.

And Best of All… Control…

The property has just been appraised, so you don’t have to rely upon old or irrelevant information. Since many properties are local, you even have the right and ability to drive by or tour the property if you like. You have direct control over your decision to invest in one property or another. This is very different than investing in some mysterious fund where you have no actual control over the type and amount of investments that get made,

Want To Know More?
Please call Godfrey Forrester at 713-784-7676

Is the Fast No-Doc (Stated Income) Loan Dead?

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Can You Still Get A No-Doc (Stated Income) Mortgage for Real Estate?

stated income loans

Can you still get no doc loans?

In 2014, the US Consumer Financial Protect Bureau implemented new rules that prevent almost all stated income loans, sometimes called no-doc loans, by traditional mortgage lenders. Of course, even before these rules were implemented, it has been tough to find a lender who will waive the traditional long application process and process a stated income loan.

According to ConsumerFinance.gov, banks and finance companies that make Qualified Mortgages (QM) must verify that potential borrowers can make loan payments and should be able to keep making them for some time in the future. Typically, this means verifying income, assets, credit scores, other debt, and whatever else they consider relevant. This means that most potential borrowers can expect get asked for even more documentation, and it also means the process could take even more time.

These are the two important new concepts that could impact future home loan borrowers:

  • Ability to replay: Traditional QM lenders have to verify that the borrower has the ability to pay, and they may consider factors like the debt-to-income ratio. Typically, this must be below 43%, and less is better.
  • Qualified Mortgages: By definition, qualified mortgages cannot include many of the features that used to be very popular in the past. For example, they cannot make interest-only loans or any loans that do not have a sufficient monthly payment to cover both the principal and interest.

These new rules probably do protect a certain type of borrower that never should have gotten a home loan in the first place back in the old days. However, many legitimate, responsible, and credible borrowers need a way to get a fast property loan, and some of these individuals and businesses need a loan that can get processed very quickly. So, where can you find today’s no-doc loans? You can find them at hard money lender like Sterling Investor Capital.

Is There A No Doc Mortgage Alternative Today?

As an alternative to no-doc or stated income loans, many borrowers turn to hard money loans. The application for a hard money loan is very simple. These loans are not based upon credit scores, W-2s, or any traditional debt and income documentation. They are mostly made based upon the value of the property that will end up securing the debt. Because very little information is needed, borrowers can get answers within hours or days, and they do not have to wait weeks or months as they do for a traditional loan to get processed.

Typical hard money cash borrowers include:

  • Commercial investors who need to purchase property before financing arrives.
  • Homeowners who need to move into another house before they can sell their old one.
  • Real estate investors who wish to buy property to rent or rehab.
  • Any property owner who is having problems with current financing.

How to Get a Hard Money Loan

If you are interested in getting your home or commercial processed, simply contact us about hard money loans right away. We may need to gather some information about the value of the property, and then we can give you a prompt answer. If you have questions, please call: 713-784-7676

7 Reasons to Invest in Hard Money Loans

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Are you frustrated by investments that offer either low returns or lots of risk?

 

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high returns and low risk

6 Reasons to Consider Hard Money Loans as a Real Estate Investment

Are you frustrated because you cannot find an investment with decent returns and low risks? These days, bank CDs and savings accounts pay almost nothing. You could decide to gamble on the stock market, but then you risk losing money because you do not actually hold the assets that back any securities you buy. For high returns that are backed by an asset that has a market value higher than your investment, consider hard money loans.

 

What if you could choose an investment that allowed you to back your money by a piece of property that was worth substantially more than the amount of money that you had invested, and you could choose investments from a variety of commercial and personal properties? What if the borrower also had a tremendous stake in this investment, and was very motivated to make payments on time, and you also had a chance to evaluate the individual or business who needed a loan? If that, plus a 10 to 12 percent return rate on your money sounds appealing, you have arrived at the right place.

 

7 Reasons to Consider Hard Money Loans As an investment

 

Self-Directed IRAs : You can use your self-directed IRA to invest in hard money loans, and that means that you can enjoy tax-free or tax-deferred growth, depending upon the type of IRA that you have set up.

 

Double-Digit returns: Depending upon the type of hard money loan loan that you choose, you might earn between 10 and 12 percent on your money.

 

Short-Term investment: Unlike many other investments that are considered safe, like annuities and long-term CDs, your money is usually only tied up for a short time. Typical hard money loans last from several months to a few years. Meanwhile, you can enjoy the returns on that investment each month in the form of a payment on the loan.

 

Loan backed by physical property: You are offering a loan on a valuable piece of property. In fact, these loans are only made on a portion of the fair market value of the house, office building, apartment complex, or other piece of physical property. In the worst case, the asset can be sold for more than your investment.

 

Guaranteed principal program: With some of our loan programs, we absolutely guarantee your investment. Even when we don’t, we still go through the foreclosure process for defaulted loans to sell your property for more than your investment.

 

Control: This is the only type of investment that you can make where you can pick and choose between investment opportunities. Before investing your money, you get the chance to learn about the property and the borrower. This is one of the most transparent investment deals that you can find.

 

Other people do the hard work: Here at Sterling Investor Capital, we do the hard work of seeking and processing potential real estate borrowers. We have years of experience valuing and assessing both properties and borrowers.  It is the borrower who actually manages the real estate. You simply invest money and reap high returns on your money.

 

Profit, Security, and Returns: Hard Money Loans

Why not call us today to learn more about the investment opportunity of a lifetime. Besides earning high returns on your hard-earned money, you also get the chance to help borrowers buy property they need for commercial or personal reasons. Contact us by calling: 713-784-7676

The Difference Between a Trust Deed (Deed of Trust) and a Mortgage

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What is the Difference Between a Trust Deed and a Mortgage?

Learn about Investing in Trust Deeds :713-784-7676

Mortgage vs. Deed of Trust

Mortgage vs. Deed of Trust

A deed of trust has become an alternative way to obtain real estate financing. In some cases, it is because banks and mortgage companies have tightened up lending rules. In other cases, it is because borrowers do not care to submit to the entire process of qualifying for a traditional mortgage. If you have had to qualify for a mortgage recently, you know that it can take answering a lot of intrusive questions, weeks of your time, and a mountain of paperwork.

Deed of Trust vs. Mortgage

While a deed of trust is actually similar to a traditional mortgage because they both represent the paperwork needed to secure a loan, there are some important differences between a trust deed and a mortgage to consider. Also, the actual loan is still simply a loan. These two terms – trust deed and mortgage – represent the paperwork that is needed to secure that loan.

This is how a trust deed and a mortgage are similar:

  • They both represent the documentation needed to secure a real estate loan.
  • They both secure a lien on a piece of property for a lender, so the lender has the right to sell the property if the borrower defaults on the loan.

This is how a deed of trust and a mortgage are different:

  • With a mortgage, the borrower and the lender are the only two parties involved.
  • With a trust deed, an additional third party is added to the mix: the trustee, and it is the trustee’s duty to hold the title until the loan gets paid back. If the loan defaults, it is also the trustee’s duty to begin foreclosure.
  • The biggest difference between a mortgage and deed of trust is how the foreclosure process begins after a borrower defaults.

Mortgage Foreclosure: With a mortgage, the process of beginning foreclosure proceedings must go through the courts. The lenders must file a judicial foreclosure lawsuit, and this process is probably even more time consuming and expensive than getting a mortgage in the first place.

Deed of Trust Foreclosure: With a trust deed, the process of foreclosing is much simpler. There is no need to go to the courts, and the trustee can begin the process. That makes the entire process of foreclosing on properties with a deed of trust much simpler and easier for lenders.

Note that the exact foreclosure rules might depend upon the state, and deeds of trust are not allowed in every state. Alternatively, in some states only trust deeds are allowed, and they do not allow mortgages. That means that many people may refer to the documents securing their home as a mortgage, but they may legally actually be trust deeds.

The Advantage of Deeds of Trust for Lenders

By now, the advantage of a trust deed should be obvious. To foreclose, lenders do not have to go through the court system. This makes the process much faster and easier. Of course, even though a trust deed foreclosure does not need to be a judicial foreclosure, borrower’s still have rights, and these differ by state.

Typically, the terms of a foreclosure are outlined in the original contracts. Even though a trust deed does not require a judicial foreclosure, borrowers still have legal recourse if the lender clearly violates the contract.

Call us to learn about investing in deeds of trust :713-784-7676

Basics of Self-Directed IRAs and Hard Money Loans

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Why Are Self-Directed IRAs a Great Way to Make Hard Money Loans?

Learn More About Self-Directed IRAs and Hard Money Loans :713-784-7676

Growing Your IRA Nest Egg with Hard Money Loans

Growing Your IRA Nest Egg with Hard Money Loans

Many people think that they can only use traditional investments like stocks or bank CDs in their IRA accounts. The IRS allows people to make plenty of alternative investments, and some of these include precious metals, livestock, and of course, real estate.

The problem with most IRA real estate investments is that real estate usually takes a lot of maintenance, and this all has to be funded out of the IRA. Plus, there are a lot of rules about which property that you can invest in and who you are allowed to invest with. However, hard money loans and self-directed IRAs work together so smoothly that it almost seems like they were made for each other!

If you were, for example, to buy and maintain your own rental properties out of your self-directed IRA, you would have a constant stream of transactions moving in and out of your account.Also, you are not allowed to buy your own properties out of your IRA, buy yourself a vacation home that you rent back to yourself, or do anything that might be regarded as using your money for your own self interest. Except, of course, you are allowed to act in your own interest by  making a profit that can go back to your IRA account, and that is why we believe this is the best IRA real estate investment opportunity.

With a hard money loan to an individual or business, you typically have a very neat transaction:

  • Your IRA custodian sends money to fund a real estate loan
  • Your IRA custodian collects your payments.

What Do You Need to Use a Self-Directed IRA for Hard Money Loans?

To own a self-directed IRA, you do need to have a custodian. This is true of any type of alternative or physical assets that you plan to hold in an individual retirement account. For example, people who set up a gold IRA have to have a custodian safely store their gold. The custodian’s job is not to suggest investments or manage investments, but it is simply to ensure that you conform with IRS rules.

As always, it is up to you to figure out how to put your money to good use.You are also always free to select your own IRA custodian. In some cases, these custodians might be tied to specific investments, but you are still free to select your own investments if you choose. Your self-directed IRA custodian’s main task should be to make sure that the paperwork gets filled out and your money is where you say it is.

This is basically how a simple hard money loan out of your self-directed IRA works:

  • We find you a great opportunity to fund a hard money loan to a property buyer.
  • You approve the deal and get your custodian to send us the funds.
  • We send your monthly payments back to your custodian to deposit in your IRA cash account.

Since these deals typically only last for one to three years, you do not have to tie up your money for decades either, and this is very different from the amount of time you really need to profit from most real estate transactions. Of course, once a deal ends, you are free to use your funds to invest in another hard money loan. You can even invest in multiple properties at the same time if you have the funds.

After you reach retirement age, you might still find hard money loans an attractive way to provide yourself with a better retirement income than you can get from traditional investments. They are also a much easier way to invest in real estate than by having to manage your own own rental or investment properties.

Learn More About Self-Directed IRAs and Hard Money Loans:713-784-7676

The Best Real Estate Investment Opportunity

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Why are Hard Money Loans a Dream Real Estate Investment Opportunity?

 

Call Us to Start Earning with Real Estate :713-784-7676

Invest in hard money property loans

Your Safe Money Real Estate Investment Solution

You may have already heard that the real estate industry creates a lot of millionaires and investing in savings accounts or bank CDs creates 0 millionaires. There are lots of ways to invest in real estate, but most of them involve an incredible amount of of hard work and risk.

 

However, there is a high-return and no-risk real estate investment opportunity that does not require you to purchase any property and can even be used as part of a retirement fund. You can read a detailed explanation about how 1st lien mortgage notes work, or you can browse a summary of the benefits if this real estate investment alternative here.

 

What’s even better is that the experienced lenders at Sterling Investor Capital can offer that alternative real estate investment opportunity directly to you. There are no banks or other middle men to eat up your returns. We have plenty of clients who want to utilize our commercial and private loans for property deals in Texas, and we would like to invite you to join the growing list of savvy real estate investors who help make these deals happen!

 

Advantages of Investing in Hard Money Loans

 

These are the main advantages of investing in hard money real estate loans:

 

  • High returns: We can offer returns on your money up to 10 or even 12 percent, and these returns can get paid to you in the form of a check sent every month. (We urge you to be wary of any competitors that claim to offer ridiculously high returns like 20 percent a month. Some things are just too good to be true.)
  • No risk: We can offer you a deal where we we guarantee that you do not lose your investment basis under any circumstances. A deal like this is similar in its guarantees to the safe money deals that fixed annuities can offer, except we pay higher returns, and it is much easier to understand where your money comes from.
  • You choose the real estate deals: We present you with a variety of different loans that you might choose to invest in, and you have the right to decide which deals that you would like to invest in. We are happy to speak with your and suggest investments based upon the amount of money you care to invest and your own preferences. We offer a lot more control than you ever get with most other investment alternatives.

 

How Can We Guarantee Hard Money Loans for Our Valued Investors?

By now you may be wondering exactly how we can guarantee your principal when real estate investing naturally carries some risks. Well, we’ve been in business for a long time without losing money, and that is because we know exactly how to protect our money and our investor’s money.

 
Here are two examples of hard money loan situations:

 

  • The borrower makes his payments on time: These payments include your interest payments, and you get a check for the earnings that your investment has generated.
  • The borrower defaults: This happens less often than you might imagine because we only offer to loan each borrower a percentage of the fair market value of the property, so they also either have cash or equity invested in the deal. However, if they do default and we need to send a property to foreclosure, you get your principal back. We sell the property to recoup our own investment and then give the original borrower any money left in the deal. You get your money back first!

 

Do We Care If Borrowers Default or Get Foreclosed Upon?

 

Of course, we care if the borrower defaults, and that is why we carefully invest in solid properties that are worth considerably more than our loan. We also charge borrowers a premium interest rate to cover your returns and our risks. Also, we carefully evaluate the value of the property that will serve as collateral for each loan.

 

It’s a lot better for everybody if the borrower makes timely payments in accordance with the terms of the deal.However, we don’t base our business upon the borrower’s ability to pay us back.

 

Since most of these are temporary loans for solid individuals and businesses, our default rate is extremely low. You don’t have to tie your money up for decades to profit because you get payments every month as the borrower makes his payments.

 

Find Out More About the Guaranteed Real Estate Investment Alternative

 

We still get our money back if the borrower makes timely payments or not. The best thing is that we have the ability to guarantee that you do too! Why not call us today about this great real estate and retirement income solution.If you are frustrated with other real estate investments or even all investment alternatives, we believe we can offer you the perfect combination of high returns and guarantees.

 

 

Hard Money Lenders in Fort Worth, Texas

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Fast Fort Worth, TX Hard Money Loans: 713-784-7676

 

Get Fast Real Estate Financing in Fort Worth, TX

Dallas-Fort Worth Metro Area Hard Money Lenders

Dallas hard money loans get a lot of attention, but Fort Worth is another major city in the vast DFW Metro Area with a very active real estate market. We are also very happy to work with private individuals, real estate investors, and corporations in the second largest city in this area about Fort Worth hard money loans.

Why are Fort Worth Hard Money Loans Different than Traditional Real Estate Loans

Many people will seek traditional methods of property financing first, but banks and mortgage companies cannot provide funds for every real estate transaction in the city. The first problem with traditional real estate financing is that it can take a very long time and a lot of trouble to get a loan approved. The second problem is that many people have a very good opportunity to purchase property in Fort Worth, but banks and finance companies will never approve their loan at all.

 

Advantages of Fort Worth Hard Money Lenders:

 

  • Fast property financing: You might have to wait weeks or even months to get an answer from your bank or mortgage company, but good Fort Worth hard money lenders may be able to give you an approve the same day or within a few days.
  • More flexible financing: Sometimes, you don’t need a 20 or 30 year mortgage, but you just need financing until more permanent solutions become available. A Fort Worth hard money lender can help you fill in that time gap without losing a good opportunity to buy a house or commercial property.
  • Loans for poor credit: Some people have poor credit because of past financial problems. Others may have just gotten overextended with loans. However, a local hard money lender is likely to offer money based more upon the value of the property than an individual’s credit scores.

Fort Worth TX Private and Corporate Bridge Loans

 

Bridge loans get this name because they provide temporary financing that bridges the gap between the time it may take to get more conventional or permanent sources of financing or investment money. You can find private bridge loans for individuals and corporate bridge loans for commercial enterprises. We provide both, and we may have a temporary and interest-only solution that helps you hold on to more cash while you are working towards another permanent solution.

 

These are uses of both commercial and individual bridge loans in Fort Worth:

  • Commercial bridge loans: These might be used by companies to seize an opportunity while management is still waiting for investor cash to trickle in.
  • Residential property bridge loans: Individuals have a number of uses for these sources of fast real estate financing in San Antonio. For example, needing to buy one house before another has sold is a common issue.

 

How Are Fort Worth Hard Money Loans Different Than Conventional Loans

With a conventional loans, you usually deal with a loan broker or loan processor. They help you fill out forms and gather documentation, but they don’t really have the power to say yes or no on the deal. With a Fort Worth hard money lender, you are much more likely to deal with an individual who has the authority to influence your acceptance.That is one reason you can expect to hear back within hours instead of weeks on a Fort Worth property financing application.

 

Besides that, the amount of offered for a Fort Worth property is likely to be based more on the fair market value of that property than on an individual’s or business’ credit score. Very often, hard money lenders in Fort Worth will say yes to deals that traditional financing companies would decline.

San Antonio Bridge and Hard Money Loans

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Call Now for Fast San Antonio Hard Money Loans: 713-784-7676

 

San Antonio Hard Money and Bridge Loans

Find San Antonio Hard Money Lenders

The beautiful city of San Antonio is located right in the heart of the Texas Hill Country, and real estate is very coveted in the Alamo City and beyond. We are happy to provide many private individuals, real estate investors, and commercial businesses with a chance to access fast property loans as a San Antonio hard money lender.

 

What Are San Antonio Hard Money Loans?

 

Traditional sources of property financing consist of banks and mortgage companies. These sources have a couple of problems. These days, requirements for borrowing are very strict. Even when these types of lenders do intend to approve a borrower’s application, it can take them weeks or even months to actually close the loan and provide money.

 

When you deal with a San Antonio hard money lender, you get to enjoy the advantage of dealing with a decision maker very early in the process. That is one reason why many businesses or private parties can get an answer to their loan request within hours instead of weeks!

 

The other big advantage is that these alternative financing companies may be very willing to accept a real estate loan application that other financing companies have declined. That is because they base the amount of money that they are wiling to lend mostly on the fair market value of the San Antonio property, and they do not solely base it on credit scores or the amount of money that the applicant has already borrowed from other sources.

 

Typically, the amount of a loan that you can get for a hard money loan in San Antonio will be based upon some percentage of the value of the property. Additionally, that property will serve as the collateral for the loan. This is similar to the way that banks and mortgage companies work, but those traditional property financing companies also want to know a lot more about the borrower and not just the property!

 

San Antonio Commercial and Private Bridge Loans

 

Local hard money lenders also provide businesses and individuals with bridge loans. These are call bridge loans because they help “bridge” the gap between the time that a deal has to be made and more conventional sources of financing are expected to appear. In some cases, it can take weeks or months to wait for a mortgage, investors, or other financing.

 

Consider some cases where both private parties and businesses might use a bridge loan:

 

  • Private residential bridge loans: It can take months for a home to sell for a good price. Some people may need to purchase another home before they have sold their old home, and a bridge loan can provide financing until the home owner can use funds from a sale. This allows the home owner to wait for the right buyer and the right property sales price.
  • Real estate investors: Investors may need to quickly take advantage of a good deal on a home or commercial property. They intend to rehab the property quickly and then sell it for quick profits to pay off the loan and pocket the rest of the money.
  • Commercial businesses: It takes time for investors or equity financing to arrive, but business owners and managers can use San Antonio bridge loans to access the funds that they need to make the right deal at the right time.

 

Why Not Ask a San Antonio Hard Money Lender for a Fast Real Estate Loan Approval?

 

Hard money lenders can help you close the right deal at the right time. This is because they approve applications very fast, sometimes within hours, and they often say yes when banks or mortgage companies decline applications. If you have problems with traditional property financing, your solution might be a San Antonio hard money lender.

 

Hard Money Lenders in Austin

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Get Real Estate Loans Fast from Austin Hard Money Lenders: Call Now: 713-784-7676

 

Hard money loans and bridge loans in Austin

Austin, Texas Hard Money Lenders

Real estate in Austin TX and all over Central Texas is booming, and Austin hard money loans help make that possible. Local hard money lenders can provide both commercial enterprises and individuals with fast money for personal homes, real estate investments, or commercial property purchases. These are typically temporary loans that can get renewed if the need arises. They might be used as a new mortgage or to refinance property because old financing is not working out for the owner.

 

Austin Hard Money and Bridge Loans for Individuals and Businesses

 

We also specialize in making quick bridge loans for Austin individuals who want to buy or retain private property, real estate investors, and commercial enterprises. A bridge loan gets its name from the fact that it bridges the gap until traditional financing or investors come through with money. We offer these as temporary or short-term loans to companies, investors, and individuals. If the more permanent source of lending does not happen to arrive before the term of the temporary real estate loan ends, they may be extended as long as the borrower as made timely payments.

 

To understand Austin bridge loans from hard money lenders, it might help to see some examples:

 

  • Commercial bridge loans: A company may need to purchase property quickly to take advantage of an opportunity, but they may not be due for equity or investor financing for months. A commercial bridge loan can supply the money quickly and get paid off after the other source of financing comes in.
  • Residential bridge loans: Some home owners may need to buy a hew house before they manage to sell their old one. Mortgage may be reluctant to lend money for two houses. In some cases, an interest-only loan can make this situation more affordable for an average family too.

 

What are the Advantages of Austin Hard Money Loans for Property?

 

The right lending solution really depends upon the private party, real estate investor, or business involved. However, hard money lenders in Austin can provide a fast and convenient source of real estate loans for many different situations.

 

The biggest problem that most people have is that banks and mortgage company can take weeks or even months to approve a loan. With an Austin hard money lender, potential borrowers can have an answer within hours and money for their deals within days. The second problem is that banks and mortgage companies have gotten a lot tougher in recent years, and some very good people get declined for financing. A hard money lender may serve as an alternative or backup source of property funding.

 

  • Hard money loans are fast: When you deal with a local hard money lender, you actually get a chance to deal with an individual who has the power to make a decision very quickly.  This is very different than dealing with a finance company loan processor.
  • Hard money lenders may say YES when traditional lenders say no: Because Austin hard money lenders base their answer on the value of the property, people with some credit issues may find they get get a loan from this source even if a bank or mortgage company has declined their application.

 

How Do Hard Money Loans Work?

 

Typically, these loans are delivered very quickly. You can simply call or fill out an Austin hard money application request online. The fair market value of the particular property serves as the basis to calculate the amount of money that the lender will consider offering to a potential borrower. The loan is usually for some percentage of that Austin property’s fair market value.