See success with a bridge loan from Sherman Bridge Lending

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As I was nearing close to my retirement age, I detested the “no-work” era that I was entering into as it drew near. Then, one of my friends suggested that I take up real estate investment as I eased into my retirement life. In this way, I could become a landlord and gain a steady monthly cash flow. This would not only keep me busy, but also ensure an income to meet my expenses, and more.


However, I had only some “meagre” savings for my retirement. Then, I discovered “bridge loan Texas.” I saw a promising opportunity in the buy/fix/rent strategy in foreclosed property investments. And, I realized the potentials under the expertise of Sherman Bridge Lending.

Sherman Bridge Lending fulfilled my financial requirement in tandem with my unique needs and resources. Then, I went ahead with my foreclosed property investment with the available finance. Since then, I have a new designation following my name, i.e. real estate investor.

Thanks to Sherman Bridge Lending; today I am a proud owner of five rentals. I am landlord now, and receive a steady income every month, which covers my expenses conveniently. Furthermore, I can boast of a strong equity in these properties.

Sherman Bridge Lending is the smartest solution for real estate investors seeking good financial solutions. What’s more, they have a unique loan to fulfil the unique needs of the unique clients! 

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Hard Money Loan In A Week!

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I am a real estate investor in this business for the last twenty years. However, up until now I have been working with regular real estate properties. With the increase in foreclosed and distressed properties in America, I decided to try my hands in the foreclosed property investment market.
My experience helped me to find a prospective property in Texas.  I was short of finance; I approached the conventional financiers for a loan. However, I was very disappointed when they refused to fund me for a foreclosed property investment. That’s when i decided to try Private money loans, otherwise known as hard money or bridge money. The interest rate of private money loans in Texas is really high, when compared to the usual bank rate. But, the property was promising and I did not want to lose the golden opportunity.
I chose Sherman Bridge Lending as my private money lender. They directed me to one of their knowledgeable and expert representatives, who first understood my financial situation. He then laid out my loan amount in tandem with my financial goals. My loan amount was enough to purchase the shortlisted property. Without any delay, the representative conducted the appraisal and undertook the required inspection of the property. My loan was processed in just a week!
I began the work immediately and I am very pleased with the outcome and investment process. . Sherman Bridge Lending has been my financer and best friend for all my foreclosed property investments. When compared to their services, the interest rate does not pinch anymore. 

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He gave me the money!

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Like many others, even I was attracted to foreclosed property investment for earning short term profits. However, I did not have capital to invest in purchasing the properties. The property I was interested in came with a price tag of $ 85,000. I went to the bank for loan. Due to the fact that they themselves have a huge asset of foreclosed properties and liabilities of unpaid loans, they refused to grant me a loan for a foreclosed property investment. It is then that my real estate wholesaler led me to Sherman Bridge Lending to fulfil my requirement of a bridge loan in Texas.

Indeed, my experience with Sherman Bridge Lending was extremely satisfactory. Their representative went with me to assess the property. He gave me an estimate of $ 15,000 for repairs, however the after repair value was estimated at $115,000 based on the market research. After the inspections and estimates were undertaken, the loan amount sanctioned to me was $ 80,500. I was surprised to see that my loan was processed in only 4 days. On the fifth day, I was the proud owner of a foreclosed property by shelling only $ 4,500 from my pocket.

The repairs were done within 3 months and the costs worked out to $ 14,500. My property sold for a whopping $130,000.  I repaid the original loan amount of $ 80,500 coupled with $1500 in interest. My final profit after all the expenses was $ 29,000 in 3 months. Amazing indeed!

But, this could not be possible without the invaluable assistance of Sherman Bridge Lending.

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Difference between Hard and Soft Money Loans

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I’ve often wondered what the differences are between hard and soft money loans. Don’t they both involve money being given on interest for a specific period of time? Then why the different terms and what do they mean?

Well, it was only after I entered the field of real estate and started dealing in properties that the difference slowly dawned on me. Now I have come to understand that soft money loans are nothing but the conventional loans offered by banks for different purposes.

But hard money loans are more complex. They are not given by banks but by private money lenders, companies or associations of people who are looking to invest their money.

Yet, you may wonder why anyone would opt to choose, a Texas private money lender rather than a conventional bank for their loan requirements. Well, this is because private money lenders are willing to lend money for purchasing and repairing distressed or foreclosure properties and even to people with a less than stellar credit history. Such scenarios would never get a loan approval in any bank! And this is why hard money loans are also known as private money loans, bridge loans or even rehab loans.

But you have to keep in mind that private money lenders in Texas will charge higher rates of interest than banks as the risk involved is higher as well!

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Location: 4600 Fuller Drive #200b, Irving, TX 75038, USA

Not Just Hard Money Loans Only!

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As a real estate investor, I have been a dedicated customer of Sherman Bridge services. Particularly their Lending hard money loans in the San Antonio area to finance my purchases of foreclosures and distressed properties as well as to generate funds to repair the inherent damages. I can honestly say I have benefitted a great deal from the quick and easy financing solutions along with the low rates of interest.

But it was only recently when I was interested in purchasing a home for myself, did I realize that Sherman Bridge is not just limited to rehab investment loans but also offers standard loans as well – like home loans and mortgage refinance loans for instance!

Since the housing market crash purchasing a house without external financing assistance is next to impossible.  Sherman Bridge’s loan experts extend a quick, easy and free process to obtain home purchase loans.

Furthermore, if you are interested in refinancing your mortgage to replace your existing debt obligation, Sherman Bridge can definitely offer you the assistance you need in a quick, smooth professional manner. They will go an extra step further, the loan experts will even help you to determine if refinancing is right for you based on your current interest rate and term period of the loan.

The firm will offer free consultations to you, with no obligations to use Sherman Bridge as your mortgage lender whatsoever! So keep in mind that there’s more to Sherman Bridge Lending than the usual private money loans that Texas lenders have to offer!

Visit here for information: http://goo.gl/TEg9d7

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Top 8 Questions to Ask Before Applying for a Hard Money Loan Dallas

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Hard money loan is a type of alternative financing, which lets you get quick funds. Hard money may be the only option, if traditional lenders do not approve your loan request. It is a loan that uses an asset to secure the loan. Instead of evaluating the risk of ending loan to you, the lender ensures whether he can get back his money by selling your asset in case you do not make the repayment as per the agreement. If you decide hard money lending Texas is the best option, it is worth to ask some questions, so that you can get the best deal.



  1. What is the procedure for hard money loan Dallas and Houston?
In Houston and Dallas, the hard money loan lenders provide funds quickly. It is usually available within 3 days of receiving the final documents from your side. The reliable hard money loan Dallas lenders offer loan on single family residential homes and many other real estate properties.

  1. What is the Rate of Interest?
The interest rate varies from lender to lender. The rate ranges from 10% to 18%. Trustworthy hard money loan Houston and Dallas lenders defer interest payments to settlement, which benefits investors who do not want to make payments during rehab.

  1. What is the Loan to Value Required by Hard Money Lenders?
Hard money is a bridge loan Texas that is usually offered for up to 70% of the after repaired value of the real estate property. An appraiser calculates this figure after considering the repairs.

  1. What is the term period of the loan?
Hard money loan is usually offered for a period of 3 months to 12 months. Some lenders may extend the term for up to 3 years. However, if the loan term is long, you need to incur increased costs of interest rate.

  1. What are the costs associated with a hard loan?
Hard loan costs include title policy, appraisal and insurance fees.

  1. Is it possible to obtain hard money loan for repairing the home?
Yes, the reliable and reputable hard money lending Texas companies offer hard money loans for paying for repairs of the home. You need to complete a “draw request” form, so that the lender will find out the completed repairs to the home. You also need to send invoice copies from the contractors and sub-contractors.

  1. Will the lender check my credit score?
Hard money lenders do not check your credit score, but they do check for foreclosures, bankruptcy and charge offs. They ensure whether you have the ability to repay. As the loan is based on real estate, they are more likely to look closely at the property than at your credit score.

  1. Do I need to Make Down Payment?
In most cases, the lenders require you to make some down payment to ensure that you have sufficient funds to complete the repairs and cover the loan costs. More often, you need to pay all loan costs on or before closing.

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Location: Irving, TX 75038, USA
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