Hard Money Lending Texas

Being a real estate investor from the past 20 years, I realize the importance of real estate investment loans to thrive and succeed in this field. When the recession hit in 2008, all my investor friends shifted to foreclosure investing. I followed suit. However, I could not boast of a thriving bank balance to invest. In order to invest, I would need a bank loan.

However, unlike regular real estate investments, banks and conventional lenders were not keen on providing loans for foreclosure investing. They did not want to further burden themselves with unpaid loans and foreclosures. I was disappointed when all doors seemed closed. Then, my friends introduced me to Sherman Bridge Lending, the hard money lender. I approached one of the loan officers at the office and was floored by his friendly response. The property in question was available for $80,000 and its ARV (After repair value) was estimated at $120,000. The repairs cost was estimated at $15,000. Therefore, I needed a total loan amount of $95,000.

The loan officer mapped out the loan and sanctioned a loan of 75% of the ARV, equivalent to $90,000. With this loan amount I needed a personal investment amount of only $5,000. They processed my loan within 24 hours and I was investing in real estate once again. I repaid the amount, along with the interest and other charges from the sale proceeds of the rehabilitated property. I was still left with an attractive profit.

Thanks to Sherman Bridge Lending, for regaining my title of a real estate investor once again.