Hard Money – Cash Out Loans

A hard money loan is a specific type of asset based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the shorter loan durations associated with hard money loans. Most hard money loans are used for projects lasting from a few months to a few years.

Hard Money Cash Outs

We lend on asset based equity better known as hard money. We cash out and lend from $50,000 to $2million in Houston and surrounding areas. Different levels of terms and rates apply depending on the transaction structure and type of property. Our collateral includes improved commercial, raw land and residential real estate. We have a free application procedure and charge no upfront fees. Closings occurs from 1 to 2 weeks once requested information is turned in:

• Hard money application
• Required documents*
• Property appraisal
• Title commitment
• Hazard insurance
• Property Survey

Parameters

Hard money equity cash out for commercial and residential investment (non-homestead)

• 50%-60% Max LTV (Loan to Value)t
• 5-6 origination points
• 20 year amortization
• 3-5 year balloon
• Escrow taxes and insurance
• 1-2 weeks closing

*Required Documents: