Austin Hard Money Lenders

Austin TX

15 June, 2021

4:26 AM

Description

Hard Money Loans Austin Hard money loans are about financial leverage. These are short-term loans from 6 months to 5 years, with simple and less verification than conventional loans. We offer hard money/asset based mortgage loans for purchases, refinances, fix-n-flips and other leverage scenarios involving real estate. When purchasing or refinancing, you can receive up to 65-70% of the value of a home or commercial property, and in the case of a property needing renovations/rehab, we can lend 65-70% of the future value, also called the 'after repaired value' (ARV). This means we provide SUPER LEVERAGE and will fund up to 100% of the whole deal (purchase or refi/and rehab costs)! . We can also allow for seller held 2nd mortgages for further leverage. Apartment Loans Planning to purchase a apartment building, a condominium or any multifamily residential complex? In most cases, we can get a multifamily loan approved for you for 85% of the total value of the property. Our goal is to make the process of getting your multifamily loan quicker and easier than ever. Commercial Loans We offer loans for income producing commercial real estate properties across the country. Commercial loans are available for both owner-occupied and investor properties, including office building, shopping center, industrial warehouse, or apartment complex. Borrowers can have up to 90% commercial financing. Bridge Loans Short term mortgage financing that is in place between the termination of one loan and the beginning of another loan. Also, a form of interim loan, generally made between a short term loan and a permanent (long term) loan, when the borrower needs to have more time before taking the long term financing. Commonly used for construction or rehab. Rates are higher than a conventional loan because financing is short term. The program is designed to provide the flexibility of a structured loan while offering the ability to eventually lock into the most favorable permanent financing that exists for individual business needs. We specialize in loans of $100,000 to $100 million that are designed to solve problems for business with special needs and circumstances. Conventional Lending Options (Bridge Loans)Asset Based Lending Options (Bridge Loans)One Week Closing (2 to 24 Hour Turnaround)Up to 100% LTV (with Additional Collateral)Equity Participation Structured FinancingInterest Only PaymentsNo PrepaymentLoan Terms From 6 to12months. 2yr to 5 yr options may be available as well.RATES AS LOW AS 7.99%!  Our Bridge Loan is designed to seamlessly get you to the next step of your project. Whether you have a completed home or are looking to purchase your next investment property, our Bridge Loan works for you. This product is for the purchase or refinance of entitled land, single-family homes, condos, townhomes, or 2-4 unit properties. Real Estate Bridge-To-Build LoanWhat Is A Bridge-To-Build Loan? The Bridge-To-Build Loan serves builders and developers, from acquisition through financing to go vertical. The loan supports the process of securing plans and permits. We have experienced in this process hundreds of times over the last decade. We know how to quickly structure a customized Bridge-To-Build Loan for your specific project for up to an 18 month term… and you only have to close on one upfront loan. Loan Guidelines Property Types Entitled land without permit(s)Sub dividable properties (LR2 & LR3)Masterplan sub-dividable parcels Loan Terms Loan Amounts: up to $10,000,000 total loan of projectTerm: up to 18 months (longer on a case-by-case basis)Cross collateralization can be used to structure loan to minimize cash out of pocketConstruction Loans Starting at 7.49%Up to 18 Month TermLoan amounts ranging from $250k-$25MMLoan to Value up to 70%Loan to Cost up to 90%Hard Money Lenders Austin, LLC702 W 10th StAustin, TX 78701(512) 767-1100 We are just a call away, call us at (512) 767-1100