Hello & Welcome!
Hard Money Lenders Houston is here To Fulfill All Your Short Term Needs
Real estate is a dynamic investment that requires you to have focus and flexibility. We understand that and are here to help you out. This is why we ensure you gain access to fast cash flow, an easy process, and terms that work best in your favor.
We are more than just an organization to help you with financing your next project. We are also here to guide you through the whole process to make your real estate investment a success.
Your success is our success, we understand that, which is why everything is done while keeping the client in mind.
How We Work
There are some things that set us apart from other lenders in the market.
The biggest one being our meticulous process.
Your Options For A Loan
You need to find a reliable private lender, especially if real estate is in question. With us, you are sure that you will get the best terms and guidance to make your endeavor a success.
You can choose from an array of options and make your way towards closing your next deal. We offer private lending for the following:
A Closer Look At What We Offer
Are you a short-term investor who is planning to buy a property at an attractive price to renovate and flip at a good profit? If so, our fix and flip loan can help you scale profits in real-time. It offers real estate investors great leverage to pack good profits on properties in any condition. Prior to finding us, most borrowers would search for lenders that can provide them with the capital. In return for that, the borrower would have to share 50% of the profit. Well, that’s not the case with us. We allow you to keep 100% of the profits.
Every borrower comes with a unique set of goals. There are some investors that want to grow their rental portfolio rather than flipping it. If you’re on the same page, the BRRRR investment strategy is for you. It allows you to scale good money without an initial outlay of capital. The BRRRR stands for Buy, Renovate, Rent, and Refinance. Let’s have a closer look at them:
Planning to bank on a new build opportunity? If so, a construction loan is what you need. It is a great source of capital for private investors that are planning to purchase a property that needs extensive renovation and construction. Traditional banks require excessive underwriting and documentation that can dent your prospects of landing a loan. We cut all the hassle and provide you with a quick loan tailored to your project’s needs. Hard Money Lenders Houston TX understands that your time is money. Accordingly, our experts educate you about all the options and match you with a solution in no time. Along with that, we offer flexible draw schedules and interest-only payments that allow you to dictate investment decisions with ease. Our protocol follows minimal paperwork and offers a smooth process for your financing needs.
Why A Hard Money Loan?
If you work in real estate investment, you would know how difficult it is to get the approval of a traditional loan. Especially since they take into account your credit history and income. Traditional systems want a candidate that possesses a decent re-payment history as they use that as a benchmark to see if or not a consumer will be able to repay loans.
However, it is not as simple as it sounds. At times, even with a great credit score and income; you don’t necessarily get approved for a loan. The process is often best described as invasive and time-consuming. Private loans take a very different route.
They lend funds based on collateral thus removing the emphasis placed on credit history. Private loans are not something everyone prefers, but if the situation calls for it they are a great option.
How Do They Work?
These loans are usually contracted for a short time period i.e. 6 to 24 months. You will not see a long term hard money loan as the interest rates are higher than traditional loans. An added advantage is at the speed that you can secure a loan. Hard money loans usually close within a matter of hours rather than weeks that a normal loan can take.
Additionally, hard money loans allow real estate investors and developers with the opportunity to do a lot more even in the absence of upfront capital which is why the return on investment is a lot higher.
We Are Hard Money Lenders Houston Tx
That Provide Real Estate Investors With A Simple Process To Get A Private Money Loan
Feel the difference
You might be wondering what sets us apart in this market. Here are some of the
leading reasons why we will be the best fit for you.
Get a Loan Adviser
Call us today, text us, or email us. Our team is here to solve your financing needs.
We are here for you! Call us at (832) 380-8250
OR
Email : hardmoney@matadorlending.com
Talk to a Lender
Basic Hard Money Loan Requirements
If you have never taken a hard money loan, then this is a big question everyone faces, what exactly do you require to qualify for a hard money loan? The good news is that since these loans are asset-based, the lender is not concerned with your credit score but rather with the value of your property and the borrower’s equity in that property. This means the borrower’s equity is largely responsible for whether or not you get the loan.
at lenders do require is that the borrower has a strong financial background along with cash reserves to help pay the monthly loan payments and other requirements that a property holds.
The most important requirement to get a hard money loan is having the necessary down payment or in this case, equity in a property that serves as collateral for the loan. If you need a bigger loan then it is even possible to use multiple properties as collateral.
The bigger your equity, the higher the chances are that you will be approved for the loan.
The amount you have invested in the property is inversely proportional to the risk the lender has to bear.
This is another aspect of hard money loans that people don’t realize. You need to have a substantially strong cash reserve to make the monthly payments as well as cater to other holding costs. These holding costs include taxes, insurance, HOA payments, and other payments in relation to the property while it is under the borrower’s name.
The higher your cash reserves more the likelihood that your hard money loan will be approved.
In the absence of cash reserves, it is difficult for you to obtain a loan. In certain cases, your borrower’s fund might be held back to increase the loan amount to ensure that the costs are covered. But as far as possible hard money lenders will prefer to work with strong borrowers
If you have some sort of experience backing you then you will generally have an easier time obtaining a loan. This is not to say that if you are a first-time borrower, you won’t be able to get a loan.
What you need to ensure is that you have a proper plan regarding the property you are about to invest in. This includes having a reasonable exit strategy for the property.
Our Edge
Here is how we provide the best market value for your collateral.
FAST
We understand how important a quick response time is for you to keep your project on schedule. After all, time is what dictates return on investment in the real estate world. So, keeping this in mind we ensure you get;
- Fast Approvals
- Fast Closings
- Quick Draws
QUICK SERVICE
We understand how dynamic the world of real estate is and how projects seldom go the way we planned. Even the best ones. This is why we ensure that we are around at all times to help you get the assistance required for your project to become a success.
What gives us an edge over others is;
- Local Market Insights
- Construction Experience
BEST TERMS
Your success is of utmost importance to us and we understand how important cash flow is in the real estate sphere. Thus all our loan terms are finalized keeping your needs in mind.
- No Need For Perfect Credit
- Minimum Cash Down Payment
- No Interest Payments For a Stipulated Time
Hard Money Loans Fit Perfectly Into The Current Unpredictable Economic Climate
For every real estate investor, the current economic conditions are less than favorable. But even with the higher interest rates, hard money loans have managed to propel the real estate market forward.
If you are an investor that does not fit into the preset conventional lender guidelines, or even if you are looking for something that is a little more flexible then hard money loans exist to fill that void.
If you are applying for a hard money loan, then you can be sure that it is a fairly uncomplicated process. All you have to do is fill out a standard loan application and you will receive cash on conditional approval a little after that. It takes less than 14 days for the loan to be processed. This is a far cry from the traditional loan system, which is a lot more complex and full of paperwork and long response times.
Flexibility is the last thing one would associate with a conventional financial institution. Not only is it a tedious process to get loan approval but there is also the issue of them approving borrowers for significantly less than what was asked for. Hard money lenders, on the other hand, are a lot more flexible. They are actually open to having a conversation and then work through the issues that you might be facing in relation to the property. We also manage to impart some creative solutions to make the project a success on your end. With a hard money lender, you can be sure that they want to see you succeed just as much as you want to. Thus, you can always expect an honest opinion.
If you are applying for a hard money loan, then you can be sure that it is a fairly uncomplicated process. All you have to do is fill out a standard loan application and you will receive cash on conditional approval a little after that. It takes less than 14 days for the loan to be processed. This is a far cry from the traditional loan system, which is a lot more complex and full of paperwork and long response times.
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to know about Hard Money Loans.
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