Hard Money Lending Texas

Although hard money lenders are popularly known for providing real estate investment loans; they also provide other kinds of loans too. 
 
Types of Hard Money Loans

Mortgage Refinancing: This is a loan provided to the borrower to pay off one or more of his previous loans. In a bid to save themselves from the foreclosure process, borrowers resort to mortgage refinancing and take a new loan with more favorable terms and conditions. They either sell the property or improve their credit scores within the new loan term.

Bridge Loans: These are hard money loans, which are often borrowed by sellers, who want to buy a home, but lack the funds to buy it. Although they have an existing home, they want finance to buy another home without selling the old home. Moreover, they even get the finance on the value of the existing home.

Home Equity Loans: Home equity loans usually stand in the second or third position. These are loans subordinate to the primary mortgage loan.

Apart from these, hard money lenders also provide purchase loans to aspiring home buyers. Hard money lenders provide financing facilities for those who are unable to acquire loans from conventional lenders and banks. While conventional lenders provide loans on the basis of the borrower’s credit score and income statements, hard money lenders provide loans only on the basis of the value of the property to be purchased.  In case of default in payments by the borrower, the hard money lender can take possession of the property.

Hard money loans have helped many investors realize their real estate investment dreams.

Hard money lenders are often termed as “Bad money lenders”. Many aspiring investors step back from real estate investment believing in the myth that hard money lenders are working only to take advantage of the investors. However, this is not true. If you too believe in these false myths, read the following characteristics of hard money lenders to clear up any misconceptions you may have.
 
Characteristics:

• Hard money lenders are private institutions who lend money to run a business. However, they are legitimate and work towards the customer’s benefits; similar to banks.

• Hard money lenders charge a higher rate of interest compared to banks only to secure themselves. For, they provide loans without considering the borrower’s income or credit score. They take on a large financial risk.

• Hard money lenders are devoid of the bureaucracy of banks.

• Unlike banks and traditional lenders, hard money lenders process the loan within 24 hours or a maximum of a week. Investors will not lose a property for lack of finance.

• Timely availability of finance can make or break a promising real estate deal. Hard money lenders understand this and process the loan quickly. 

•  Hard money loans include the purchase cost and repairs cost.

• Hard money does not mean money that is hard to derive. It only means that loans are available against “hard” assets.

Problem: Wanting to step into real estate investment? Not a cash-rich investor?

Solution: Contact hard money lenders for real estate investment loans and realize your investment dreams.

Before searching for a property, it is essential to understand who these lenders are. Hard money lenders are private money lenders, who utilize their own money in other short-term investment opportunities.  They often invest in projects that require quick money and do not qualify for traditional loans. If you are a real estate investor hunting for such hard money lenders, here’s how you can find them.

The hunt is on…

Find them at…

Investment Clubs: Real estate investors often get together and create Investment Clubs. The objective is to keep up with the market trends and also network with other investors. As these clubs are a hub for more than one investor, hard money lenders contact them in a bid to get themselves recognized in a group of investors. Even if hard money lenders are not present in the group, you can definitely get a variety of leads from other investors. Add to it the advantage of getting into a network of other investors. Double benefit indeed!

Small Business Bankers: You can reach hard money lenders through small business bankers. As these bankers are also a part of the lending industry, they are well acquainted with hard money lenders as well. As bankers do not fund such projects, the small business bankers will recommend you to the appropriate lender. Similarly, the hard money lenders return the favor by leading other borrowers to the small business bankers for diverse needs. These ties help both of them build a wider customer base.

Online Searches: Unlike banks, you do not see storefronts or free standing businesses who identify themselves as a hard money lender.   The internet is great resource for hunting these hard money lenders. Most of them have their own websites and you can find them through the online searches.

Retirement Funds: People holding an ROTH IRA account or similar accounts are eligible to act as hard money lenders. They can use the funds from their self-directed accounts for real estate investment. You can use the money from these account holders; provided you promise a high rate of return of investment. Ensure that you follow the rules laid down by the IRS on these retirement accounts. Also, ensure that the account holder does not lose out on any tax benefits.

Hard money lenders provide real estate investment loans to investors who do not qualify for loans from traditional lenders or banks. The primary objective of hard money lenders is to provide loans for investors interested in real estate investment. 

The biggest advantage of hard money loans is timely availability of finance. Foreclosure investment is a very popular form of investment at this present time. However, all properties are not promising. The rush is heavy for the promising properties and these properties are mostly sold on cash on sale basis. The ones who have the available cash first get the property. Hard money lenders understand the value of time and process a the loan quickly; even within 24 hours!

Hard money is indeed the the best choice for real estate investors!

When you need financial solutions to back your buy/fix/sell or buy/ fix/rent strategy; banks and conventional financers may not be the right choice. Regardless of the numerous banks in your area, you may not find one ready to provide you with a loan for flipping properties.

Banks and lenders are reluctant to gt involved with financing real estate flipping; unlike regular real estate investment. In such cases, the best loan providers are hard money lenders, who provide real estate investment loans. Be aware that like banks and conventional lenders, these private money lenders do not belong to any financial institution. You will not find them while driving down the streets. So, where do you find them?

The best way to locate a private money lender is to search online. The internet has a full list of such lenders. How do you choose among them?

The best way to choose the right money lender is to conduct research. Study their website and their profile. Find out the number of real estate deals they have financed. Ask them for references and cross check their services with their previous clients.

Ask your friends and acquaintances for hard money lenders they know. Their experience with the hard money lender will give you a clear insight into their services. Once you have chosen the right one, you can go ahead with the loan application and step into the real estate investment arena.

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.

In real estate investment, “Cash is King”. However, it is also true that the biggest catch in real estate is CASH. Especially, in foreclosure investing, finance is even more challenging as traditional banks and lenders have taken  a step back in regards to providing loans. Hard money lenders , such as  Sherman Bridge Lending are  your ideal partners and support for all foreclosure investing opportunities.

Sherman Bridge Lending works with the motto of enabling real estate investors, who hesitate on investing.  They aid new and seasoned investors realize their investment dreams. Sherman Bridge Lending is their true cash alternative. They provide loans to investors when traditional banks and lenders close their doors. Foreclosure investing is a hot market at the moment. Sherman Bridge lending understands that the only way to cash in on this opportunity is timely availability of finance. It processes and sanctions your loan within a span of 10 days. Well, if the requirement is early, then they can   process  the loan even faster, sometimes within 24 hours.

Thanks to its excellent services, Sherman Bridge Lending boasts of a massive client base of happy investors.

Choose Sherman Bridge Lending for

•    The lowest rates in the industry
•    Fast processing for you and
•    The availability of experienced experts at your service

Sherman Bridge Lending provides you with loans without any credit check. Get your pre-qualification in 30 seconds and pre-approval in 30 minutes! Contact Sherman Bridge now for your real estate investment loans!

Mr. Williams is a real estate investor,he has been  working in this field from quite a few years. However, as the recession set in, real estate prices plunged downwards and the housing crisis followed. With this changing scenario, Mr. Williams was facing the risk of extinction. Real estate investment was not a promising opportunity anymore. However, a new opportunity opened up in the form of foreclosure investing. Foreclosed properties were now sold at great bargains by lenders and banks to recover their unpaid loans.

 Both seasoned and new real estate investors are cashing in on this opportunity. So did Mr. Williams. But, he discovered there was a new catch in the equation , finance. Banks and lenders were already burdened with foreclosures and unpaid loans. While they were reluctant to provide loans for foreclosure investing, Sherman Bridge Lending, a private money lender came to Mr. William’s rescue. On a friend’s suggestion, Mr. William contacted the loan officer at Sherman Bridge lending, and there was no looking back. Mr. William’s was a real estate investor once again, the only difference being the kind of properties he began investing in.

Thanks to Sherman ridge Lending, Mr. Williams’s first loan amount was invested in a promising property and he earned a solid $30,000 from the investment. With his quick fix/flip formula, he bought a property, fixed it, and sold it for an attractive profit. From the proceeds, he repaid the loan and then invested in another property. Since, then Mr. William’s has earned attractive returns from foreclosure investing; thanks to private money lenders.