Hard Money Lenders For Texas Real Estate Investors
Get hard money loans for all your real estate needs at attractive rates and flexible terms.
14th Street Capital Advantage for
Hard Money Loans in Texas
Hard Money Loan Highlights
The Local Advantage
With first-hand experience investing in the real estate market of Texas, we at 14th Street Capital aren’t just hard money lenders.
The intensive on-ground knowledge of Texas real estate and years of experience dealing in the state’s local real estate markets like Austin, Dallas, Fort Worth, Houston and San Antonio, we are uniquely positioned to be your partner in your next real estate investment.
When you choose 14th Street Capital as your hard money lender, you are not only ensuring fast access to equity funding at flexible terms, you are also partnering with local lenders who you can consult with through all stages of your real estate investment projects.
Texas Hard Money Lending Areas Covered
14th Street Capital gives hard money loans in all the leading real estate markets in the State of Texas including:
14th Street Capital Edge
Why Use Hard Money Loans for Real Estate Investments in Texas?
Texas is the second largest real estate market in the US based on the number of housing units, making it a booming area of opportunity for private real estate investors. With an increasing number of investors converging to the opportunities, faster access to funds can give you the competitive edge you need to succeed and ensure that you don’t miss out on a profitable investment property.
Unlike conventional lending sources, hard money loans have a faster processing timeline and have more flexibility when it comes to getting a loan. Since the loan is sanctioned on the basis of the property value instead of the borrower’s history and creditworthiness, you can invest in Texas’ real estate market despite having low credit score or recent foreclosures.
Get the capital to explore the best investment opportunities for real estate entrepreneurs in Texas with hard money loans.
Wide Range of Hard Money Loan Offerings for Texas Real Estate Investors
Looking to build a rental property portfolio in the state of Texas? Our rental loan offerings meet the needs of both first-time as well as experienced investors.
Short term loans for purchasing a property, renovating it and selling it for profit. Get fix and flip loans for upto 75% of after-repair value at attractive interest rates, giving you the power to grow your real estate portfolio in the state of texas.
Hard money loans for long term real estate investors looking to supplement their earnings with rental income. Flexible amortization options with low prepayment penalty making it an attractive loan for landlords in Texas.
FAQs About Choosing Hard Money Lenders In Texas
1. Who should go for hard money loans in Texas?
Hard money loans are a good fit for real estate investors that are in need of quick financing and/or want to bypass the red tape that comes along with traditional financing from institutions such as banks and credit unions. If you are a real estate investor in Texas that is planning to invest in a competitive market and in need of funds quickly, hard money lenders like 14th Street Capital can help you get an edge over your competitors and close lucrative deals in under 15 days as opposed to months in case of conventional lenders.
3. What are the hard money interest rates offered?
As a private and direct hard money lender, we lend directly from our own funds which allows us to offer competitive interest rates for hard money loans in Texas. Our hard money loan interest rates start from as low as 8.75%. Repeat borrowers from 14th Street Capital are entitled to better rates at lower origination points.
5. How much real estate experience do I need to have to qualify for a hard money loan in Texas?
14th Street Capital offers hard money loans to both experienced and beginner investors. Since we offer loans where the investment property serves as a collateral, previous experience in real estate investments in Texas is not a requirement for qualifying for a hard money loan from us. That being said, experienced investors do get a chance to avail loans at lower interest rates than beginner investors.
7. What documents do I need to furnish to get a hard money loan in Texas?
At 14th Street Capital, we make it possible for investors to get access to the capital they need to fund their investments without the hassle of documentation. By eliminating the need to submit income stubs, credit reports or tax returns, getting a hard money loan in Texas is easier than ever. All you have to do is submit a letter of intent, a note and deed of trust to get the loan approved.
9. How will the interest rates for my loan application be determined?
At 14th Street Capital we do not follow a one-size-fits-all approach. Our team takes a number of different factors into consideration for determining the interest rates for your loan application. These include the property location, its valuation, borrower level of experience, previous investor relationship and loan to value. This tailored approach allows us to offer you best in market interest rates when you apply for a hard money loan in Texas.
2. What are the requirements for getting a hard money loan from 14th Street Capital in Texas?
Hard money loans are asset backed offerings where the investment property itself acts as the collateral. The only requirements when applying for a hard money loan from 14th Street Capital are the availability of a down payment amount to show that you have skin in the game and a repayment plan that outlines your plan for turning your investment profitable. This can include your plan for conducting repairs and flipping the property for profit or scaling up a rental portfolio in Texas. With a straightforward application process, we at 14th Street capital make sure that the documentation requirements when applying for a hard money loan in Texas are kept minimal. We do not require income proofs, bank account statements or credit scores when reviewing your application and approving your loan.
4. What is the prepayment penalty that I would have to pay?
By choosing 14th Street Capital as your hard money lender, you can free yourself from paying prepayment penalties. There are no hidden exit fees, prepayment penalties or payoff charges levied on borrowers when you choose to pay off your loan, no matter how early you choose to do so.
6. Can I get a hard money loan to conduct property repairs?
We offer fix and flip loans as a part of our hard money loan offerings which covers both property purchase as well as repairs. Investors can get up to 75 percent of the after repair value as a hard money loan. This allows you sufficient leeway to conduct the rehab and flip the property for profit while putting in minimum funds from your own pockets.
8. Can I get a hard money loan for rental property in Texas?
14th Street Capital offers rental loans in Texas for landlords looking to build their rental portfolio or conducting repairs and letting out their existing rental units. Investors buying rental properties which are under-rented or in need of repair can qualify for a long term rental hard money loan from us.