Texas Hard Money

About Texas Hard Money

Texas Hard Money is an equity-based, hard money lender dedicated to making your loan process quick, efficient, and dependable. We have a proven track record of success for reliable, direct financing. We have secured over $250 million in loans- both State and Federally licensed. We are honored to have received a 5-Star rating on both Google and Yelp as a mortgage lender- So you know our clients back our reputation as an industry-leading hard money lender. We offer up to 70% LTV with interest rates beginning at 7.99% and 1.75 lender points with no prepayment penalties. We have proudly been an A+ Accredited Business with the Better Business Bureau since 2010. We help borrowers when others cannot. Bankruptcy, bad credit, foreclosure, foreign nationals and those self-employed are no problem.

Loan Types Offered: Hard Money Loans, Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use

Areas Served: TX

Licenses: NMLS# 237332

Lending Guidelines for Texas Hard Money

Below are the general loan guidelines published on the Texas Hard Money website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Texas Hard Money.

Loan Example 1

Mavis closes on a $370,000 rehab project in Houston, TX, using a private money loan from Texas Hard Money. The loan to value (LTV) on the deal is 50%. This means that Mavis will need to bring 50% of the sales price to closing and the principle will be $185,000 on the note. The parameters of the note also stipulate a one percent origination fee that will be paid at closing and a 6 month, interest only note with a 11% interest rate.

Mavis will need to fund a total of $32,400 up front to pay the $185,000 down payment plus the $1,850 origination fee. she will then pay $1,696 per month to the lender. If Mavis accomplishes her goal of a $536,500 total sales price when the loan expires, she would pocket a gross profit of $154,475 after repaying the principle and deducting the cash she brought to closing, the origination points, and the total monthly interest payments.

Loan Example 2

Texas Hard Money issues a private money loan to Roger for a renovation project in Dallas, TX. The deal dictates the following:

$350,000 sales price
60% loan to value (LTV)
12 month term
12% rate of interest
4% origination fee

Assuming a $507,500 sales price after the 12 month term, the outcome for this project would look like this:

$507,500 sales price
- $210,000 principle (60% LTV)
- $140,000 down payment (40% on 60% LTV)
- $8,400 origination points (4% of the $210,000 principle amount)
- $25,200 total interest paid (12 months x 12% interest)
-----------------------
= $123,900 gross profit (doesn't include taxes or renovation costs)

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