Hard Money Lending Texas

Following the crowd, even I decided to test the waters of foreclosed property investment. Lots of my friends were making quick profits by investing in distressed and foreclosed properties. But, the bad news for me was that these properties are often sold on a cash on sale basis. I did not have liquid cash. Then I learned about hard money San Antonio.

My friend suggested  to me that I  approach the hard money lender, Sherman Bridge Lending. With the help of my real estate wholesaler, I found a promising property that’s after repair value was $100,000 and purchase price was $55,000. We estimated the repairs  to be at around $20,000. Usually, hard money loans only provide a meager  65-70% of the property’s after repair value. I obtaqined a loan of $70,000. I had to invest only $5,000 from my own pocket. I could invest successfully with a minimum investment from my pocket.

Although the property’s after repair value was estimated at $100,000, we managed to sell the property

Thanks to Sherman Bridge Lending for making my first investment successful. Their loan officers are customer-centric and provide excellent customer service. Their loan processing is quick. My loan was processed within 2 days!

I am glad I chose Sherman Bridge Lending as my private money lender.
for $95,000. With the sale proceeds, I cleared the loan amount of $70,000 and an interest amount of around  3,000. In the end, I made a net profit of $17,000 within a span of 6 months.