Get started with your dream project!

Unable to secure a loan from the bank? Don’t let that stop you from funding your dream project. Construction lenders in Houston, TX are leaders in financing real estate projects. We understand that the thought of securing the capital can be daunting for builders. Considering that, we have made the whole process a lot simpler for you. Our experts understand your needs and offer you quick loans without excessive underwriting. So, if you’re looking for an efficient way to secure funds, we are your best bet.

Investors interested in construction loans

Construction Lenders Houston: The experts you need!

One of the major challenges of securing a loan is the process that comes with it. Documentation, rules & regulations, credit score requirements, and strict guidelines are some factors that can deter most investors. Well, hard money lenders like us, follow a completely different strategy that makes receiving money a lot easier for you.

Flexible draw schedules

Interest-only payments

Direct lender

Quick closing

Complete support

Benefits of a hard money construction loan

  • Minimal paperwork
  • Simpler process and quick closing
  • Better LTC ratio
  • No set rules and guidelines
  • No prepayment penalties if the borrower decides to repay before the maturation date.

Here’s why a traditional loan is not the right option

  • Extensive documentation and paperwork requirement
  • Getting approval can take 1-2 months
  • Needs a good credit score
  • Higher down payment requirements
  • The rate of interest is fixed and the rules are based on the bank’s policies.

Basic construction loan requirements

If you are taking a hard money loan for the first time, you might be confused about how it works. Well, there is nothing complex about it. Hard money lenders focus on the value of the property rather than your credit score. Although the process is simple, it does come with some requirements

  • Downpayment
  • Overall financial strength
  • Experience in the real estate industry
  • The value of the property you’re interested in

Once we check your eligibility, we provide you with a loan letter outlining all the details of your loan. We educate you about the full payment cycle and set an amortization schedule that is suitable for your needs.

Types of construction loans we provide

Construction to permanent loans

These types of loans are suited for builders with a definite timeline and construction plans in place. In this funding, the lender funds the builder as the work is in progress and then the entire cost is converted into a mortgage at the time of closing. This allows the builder to lock specific interest rates, which facilitates steady long term installments. This makes the entire payment cycle easy and you can proceed with your project without added worries. So, if you fall into the category of builders, who are looking for something similar, our experts can furnish you with a convenient solution in no time.
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Renovation construction loans

This type of loan is perfect if you are buying an upper fixer. As the name suggests, the money you source is spent in renovating the property of your choice. The type of property is not a concern and we provide you with the best solution which is tailored to your needs. The projected cost and the cost of purchase is wrapped up in the mortgage. In most cases, the project generates good income after the renovation is complete and the builder can repay better. We match you with the best payment cycle and don’t charge a prepayment fee on paying off before the maturation date.

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Interim Construction Loan

Are you looking for a construction loan to cover the cost of materials and labor involved in developing the project? Then, an interim construction loan is the best bet for you. This is a short-term loan that is usually valid for 18 to 36 months. Since the duration is less, it is typically settled once the mortgage is in place. Construction lenders Houston are experts in the domain and can offer you quick funds to help you cover the essential aspects involved in construction. The nature of funding ensures you concentrate on the project while we provide the cash flow for you.

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A & D Loan

An acquisition and development loan is an ideal option for raw land that needs to be developed. This type of loan can be used for run-down or underutilized property that is already in place but needs improvements in the infrastructure and other aspects of building. An A & D loan covers the entire cost of purchase along with the cost of repairs. We can understand that certain loan types might overlap and hence, we encourage you to have a word with our experts, who will educate you with the details and offer a feasible solution at the earliest.

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Why choose construction lenders Houston?

We are experienced players in the real estate industry. Over the years, we have funded hundreds of investors and helped them build projects of their dreams. As you know, real estate is always evolving and mechanics are constantly changing. Considering that, we house the industry-leading licensed experts who have the experience and expertise to guide you. We offer you quick loans at competitive rates through a process that is feasible for you. Our pace and method of operating have pitched us as one of the most trusted lenders in Texas. We take pride in matching investors with effective funding solutions for their construction needs.

Frequently Asked Questions

Real estate is a vast field and it’s natural to have questions. If you have any queries about securing the right kind of loan, have a look at these commonly asked questions. If you can’t find the relevant answer, feel free to reach us.

Unlike traditional bank loans, hard money construction loans don’t come with extensive documentation requirements. The rules & guidelines are not as strict and the process is a lot simpler. The documents we need include is your bank statement. Along with that, we analyze the value of your property and furnish an appraisal accordingly. We also require evidence of the property statements and mortgage statements. If you are not sure, we encourage you to reach us and our experts will guide you through the process.

Start with some research and look for top lenders in your area. For that, you can go through the online listings and check what are the options you have. Pay attention to reviews and ratings as they speak volumes about the lending company. While selecting any lender, make sure they have the relevant experience in the real estate industry. Along with these, check if they have valid licenses as you wouldn’t want shady lenders. Take care of these factors and choose the right lender for your construction project.

We understand that selecting the right kind of construction loan be challenging. Considering that, we have a team of experts who can guide you in selecting the best loan for your needs. Our real estate experts discuss your goals and provide you with the best set of options. We also educate you about our terms and conditions to help you gain a better understanding of the entire process. Once we are sure of your requirements, we match you with the best option and provide you with funds based on the entire cost of construction.

We offer both partially & fully amortized loans for builders. This makes the whole process a lot simpler for you. We offer you an option to pay in feasible installments at competitive rates of interest. If you are not sure how the entire process works, we encourage you to have a word with our experts. They can guide you about the whole process and help you secure a loan at the earliest.