commercial lending in Texas

2. Most of the REI pros will agree with the fact that very few things are easy when it’s about investing on real estate, but working with a Texas commercial hard money lender does not have to be difficult. Comprehending the facts, learning the procedure, assessing the possible advantages & knowing the “how-to’s / don’t-do’s” will make your borrowing experience incredibly easier. In this post, we’ll discuss what a hard money loan is, when it makes sense to employ a hard money loan & the advantages of employing hard money lenders versus conventional lenders.

3. Generally speaking, hard money loans are offered by a private lender or firm for investment or commercial purposes. They usually have lesser borrower qualifications & take less time to close than a conventional loan. Loan sums usually encompass rehab financing to accomplish an approved range of work being performed on the subject property. However, it must be noted that hard money lenders usually put more focus on the subject property & loan-to-value proportion instead of potential borrower’s credit; borrowers still need to apply for, qualify for & agree to the terms of the hard money loan. 

4. What are the four basic types of hard money loan? • Fix and Flip Rehab loans • Commercial loan purchases • Refinance loans • Cash out refinance loans

5. When does a hard money loan make sense? • A hard cash money loan could make sense in any of the following scenarios, and also many others. • The Borrower has a unique opportunity (such as a discounted payoff, etc) • The subject property is not currently listed (such as a short sale, foreclosure, etc) • The borrower has to close quickly • The borrower does not qualify for a conventional bank loan • The subject property is vacant • The subject property needs rehab • The borrower is looking for a cash-out refinance on an investment property

6. Contact us :- • 26611 Weir Way • Magnolia TX 77355 • 1-877-TX Lending (1-877 895-3634) • http://commercialloansoftexas.com/