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San Antonio Hard Money Loans

Hard Money Loans in Dallas Texas

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Hard money loans in Dallas Texas serve as a way to fund real estate acquisitions and improvements, refurbishments, or fix and flip projects. These are popular alternatives to traditional commercial bank loans, which are notoriously difficult to obtain. Read on to learn more about hard money loans in Dallas Texas.

Hard money loans in Dallas Texas are here for real estate investors to fund their projects and offer an alternative to big commercial banks. This is because hard money loans — also known as asset-backed loans, fix and flip loans or bridge loans — are much easier to qualify for and receive. This is due to the fact that hard money loans are given out by specialized lenders and/or private investment groups. That means no red tape. But it also means there are a few key benefits to hard money loans. Here are the biggest advantages of using a hard money loan:

  1. Quick funding. Unlike traditional banks, hard money lenders supply funds in a very fast fashion. This, compared to waiting for weeks to months on end to receive funds through traditional commercial banks. Instead, funds are made available in a very short amount of time.
  2. Flexible terms. Here’s one of the most attractive aspects of hard money loans that real estate investors really like — term flexibility. Because these are short term loans, the payback period can be as little as six months up to five years.
  3. Less commitment. Additionally, the real estate asset serves as collateral, which means there’s less commitment required of the borrower.

Hard Money Loans in San Antonio Texas

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Hard money loans in San Antonio Texas are a great way to finance a short term real estate deal. In fact, hard money loans — also known as asset-backed loans or bridge loans — are probably the best way to fund just about any real estate investment project. This is due to the fact that hard money loans offer key advantages over traditional commercial real estate loans. So, read on to learn more about hard money loans in San Antonio Texas, and beyond.

Hard money loans in San Antonio Texas are a smart avenue for securing financing for a real estate investment, particularly for projects like fix and flip. (These can also be used for multifamily, commercial buildings, and more.) And, these are the perfect way to fund a deal without having to commit personal capital.

What are Hard Money Loans?

Hard money loans serve as an alternative to traditional commercial loans. Instead of going through all the bureaucracy and red tape, these loans do not have as strict requirements. Instead of being offered by traditional banks, hard money or asset-based loans, are obtained through specialty lenders or private investment groups.

How Do Hard Money Loans Work?

Rather than going through a traditional lender, the borrower obtains financing through a specialty source or through a group of private investors. Interest rates are generally competitive and terms range from as little as six months up to a year, even one and a half to two years, and as much as five years. The real estate serves as collateral and the loan is paid off upon completion of the project.

Hard Money Loans in Austin Texas

By | San Antonio Hard Money Loans

Hard money loans in Austin Texas provide a method of obtaining real estate financing, without the need to go through a traditional bank or commercial lender. These types of loans offer a few key benefits, including competitive interest rates, flexible terms, and no need to commit personal capital. Read on to learn more about hard money loans in Austin Texas and what you need to know.

Hard money loans in Austin Texas come through specialty lenders, as well as private investment groups. This means there’s no unnecessary red tape or bureaucracy, and the funding process is substantially faster. All of this, not to mention the fact that the asset acts as collateral, so there’s no undue burden on the borrower.

Key Benefits of Hard Money Loans

If you’re unfamiliar with hard money loans in Austin Texas (or elsewhere in the Lone Star State), it’s important to understand their advantages. Here are the top benefits of hard money loans:

  1. Rapid funding. Unlike traditional lenders, hard money lenders provide access to funds in a very short amount of time.
  2. Competitive interest rates. Although hard money lenders do charge a bit more in interest, the trade-off is worthwhile because there’s more flexibility. And, the interest rate is usually not that much more than traditional commercial financing.
  3. Flexible terms. Instead of lasting for years, hard money loans include terms ranging from as short as six months up to a year or year and a half and two and up to five years.

SBA Loans in Houston

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SBA Loans in Houston

SBA loans in Houston are a popular way to find commercial capital. And, are available through a number of vendors and come in different structures. The good news about SBA loans in Houston or elsewhere in the great state of Texas, is there are many options to choose from, meeting terms, amounts rates, and purposes. Read on to learn more about SBA loans in Houston Texas.

SBA loans in Houston are ideal for small existing businesses, and startups alike, these also can be used as a source of short-term capital infusion, in some instances. Here’s a quick look at the most common and popular types of SBA loans in Houston and beyond:

  1. SBA 7(a) loan. This is perhaps the most well-known and most often used among established and newer companies. It allows for many different types of purposes, including real estate acquisition, equipment acquisition, expansion, inventory buys, and other general purposes. These loans range from $50,000 to $5 million and can run up to a term of 25 years.
  2. SBA CDC/504 loan. For businesses seeking commercial real estate acquisition or commercial equipment acquisition, the 5:04 loan program is one of the best choices among the variety of SBA loans. The 5:04 loan program has a minimum capital funding of $125,000, up to $20 million dollars, and can carry a term of as much as 25 years.
  3. SBA microloan. The SBA microloan program is usually accessible for small fledgling companies, or startups. Amounts vary from as little as $25,000 up to $50,000 and offer short-term financing solutions.

What Is a No Doc Fix and Flip Loan

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What is a no doc fix and flip loan? This is a question that’s most commonly asked by people who are interested in entering the world of real estate investment. They want to buy a property, rehab it, and sell it for a profit. And, a no doc fix and flip loan certainly sounds like the perfect fit. But, while these types of loans are indeed available, they have some requirements, which include documentation. Read on to learn more about no doc fix and flip loans.

What is a no doc fix and flip loan? The term “no-doc” is short for “no documentation,” also sometimes referred to in the past as a “stated income” loan or mortgage. These were some of the biggest culprits which ultimately caused the Great Recession. Today, they are not nearly as widely available but do exist in different forms.

In order to obtain a mortgage for a residential or commercial property, you as the borrower need to supply certain documentation — like tax returns, along with other financial records. But, a no doc fix and flip loan can be acquired with bank statements and asset documentation. Generally, you’ll need the following to obtain a no doc fix and flip loan:

  1. Collateral. You’ll need to put up a collateral asset, determined by the amount and structure of the loan.
  2. Down payment. The borrower will be required to commit as much as 30 to 40 percent.
  3. Good credit. A credit score of at least 650 to 670 is often necessary.

Lastly, you’ll also need between two and three recent years of experience with buying, remodeling, and selling investment properties.

Fix and Flip Loans with No Money Down

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Fix and flip loans with no money down do exist and they are available. Although, these have different borrower requirements and may include the necessity of having to pay some expenses out of pocket. But, fix and flip loans with no money down can be an option, particularly for experienced individuals who have gone through the acquisition and rehab process at least a few times before. Read on to learn more about fix and flip loans with no money down.

Fix and flip loans with no money down aren’t a gimmick. Instead, these are legitimate debt instruments, a form of financing that’s usually based on what’s known as hard money loans. Rather than borrowing from a traditional lender, like a big name commercial bank, fix and flip loans can come from private investors.

How to Get a Fix and Flip Loan with No Money Down

Fix and flip loans with no money down might sound too good to be true. But, they have certain criteria buyers must meet in order to qualify. For instance, one requirement already mentioned is experience. Generally, you’ll need to demonstrate you’ve been through the process at least a few times in the recent past.

Also, you’ll usually be required to have an ARV or after retail value, of less than 70 percent. This most often includes the purchase price of the property in question, as well as the cost of rehabilitation and loan expenses, too.

Of course, you’ll also need a good credit score and be prepared for a short term product that can be as little as 5 to 6 months in length.

How Does a Fix and Flip Loan Work?

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How does a fix and flip loan work? Well, it somewhat depends on the type of transaction — residential or commercial. However, whether it’s a residential or commercial deal, generally, fix and flip loans work mostly the same. If you’re new to fix and flip loans, you probably have a lot of questions. That’s okay because it’s a bit mysterious when you’re unfamiliar. Read on to learn more about how fix and flip loans work and what you should know.

How does a fix and flip loan work? Basically, regardless if it’s for a residential or a commercial property, these debt instruments function in much the same way. That is to say, that fix and flip loans are short term financing products, usually between 12 and 18 months (though some are much shorter, like 6 months, while some are a bit longer).

Fix and flip loans can come from a group of private investors who pool their money together, from a specialty lender, or even from a traditional bank. Of course, each has its pros and cons. The first type is also known as hard money loans and usually are for a term of 12 months, with competitive interest rates. These are also among the most common because they typically forgo red tape and bureaucracy.

Some fix and flip loan products will require collateral, as well as a personal guarantee. Others might or might not require one or both, as well as equity in the property already owned — generally about 30 to 40 percent.

Hotel Construction Financing

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Hotel construction financing is tricky, but it’s certainly not impossible. That is to say, that although financing options are limited, they are indeed available, you just have to know where to look and to keep your options open. While government-backed SBA loans will largely not be a fit, there are alternatives for hotel construction financing. If you’re interested in building a new commercial hospitality property read on to learn more about hotel construction financing.

Hotel construction financing is something that requires a good amount of stick-to-itiveness and a bit of imagination. In other words, it might be necessary to get a little creative in order to finance the build. This is due to the fact that you might have to look into a few different sources and dig a bit deeper in order to find the right one. Now, here are the most common types of hotel construction financing:

  1. Traditional Bank loan. Because government-backed SBA loans are typically not an option, a commercial lender would be one alternative. These loans do require a good amount of pre-planning and documentation, but there are many lenders to choose from, hence a lot of different loan product options.
  2. Private lenders. Another financing alternative is private lenders, who generally pool money together in investment ventures and will usually look for a high return on investment opportunities.
  3. Real estate investment companies. These organizations AR the best fit in higher-risk situations when it comes to hotel construction financing.

As you can see, while hotel construction financing options are limited, there are ways to get it done.