Private Hard Money Loans are often utilized
when: time is essential, the project or property does not meet the
criteria of conventional lenders, credit issues, bankruptcy, judgments, foreclosure, back property taxes, deferred maintenance, IRS, etc.
Private Money $500k - $50mm (It's all about the #'s, LTV, Location, etc.)
*will go lower in TX or solid deals.
Private Money & Hard Money is when
lenders are willing to take higher risks and loan money quicker than the
Conventional Lenders, at a higher rate, but the project must make
financial sense. The most important factors are risk of investment and
the collateral of the project.
We specialize in hard to place
short-term real estate-secured loans including commercial, construction,
bridge, land acquisition, development, raw land and other real estate
Private Money Rates & Terms: Range from 9.99% - 12%, 1 - 5 year notes and interest only or up to 25 Year AM. Terms are relative to the risk of the project.
Private Money - LTV 'Loan to Value'
Commercial Loans: LTV's usually range from up to 50%-65%
Multi-Family Loans: LTV's usually range from up to 50%-65%
Raw Land Loans: LTV's usually up to 50% of “As Is" Value in TX and (up to 40% outside of TX).