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When someone talks about getting a hard loan for real estate fix & flips and buy &holds from a private source, they’re usually referring to hard money lenders. For borrowers’ convenience, Capital Concepts boils down the process of hard money loans in Houston into simple steps, which are listed down below.
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Get The Best Hard Money Loans In Houston Approved In Just 6 Foolproof Steps
Private lenders, like Capital Concepts, prefer borrowers who have experience regarding planning for hard money loans in Houston.
Write a summary about why you need the loan with all the basic facts, including the amount of loan, the reason, the project timeline, and the loan repayment strategy.
Your loan application must contain your personal details. A precise and accurate summary is good enough to impress the lenders.
Attach some pictures of the investment property to help the lenders appraise its value.
To get a hard money loan in Houston, you must determine if the loan is to be used for rehab and how it would add value to your property.
Be responsive throughout the course of your application. Presenting a clear plan as well as providing significant details helps in influencing the lender’s decision.
