Call Us: (631)465-2161
/* Template Name: Full-width page layout Template Post Type: post, page, location */

Texas Hard Money Loans for Your Quick Cash Needs!

Are you looking for fix and flip loans to buy real estate in Texas? Learn about your private lending options for commercial and residential financing.

Are you in need of a short-term loan that can tide you over while you wait to sell a property or to gain approval for a long-term loan? If so, you’ve come to the right place. At Gauntlet Funding, we specialize in hard money loans Texas. Our loan programs can help you get your hands on quick cash that will help you purchase residential or commercial real estate in Texas. Many borrowers rely on our loans to help them take advantage of great real estate deals they might otherwise miss.

What Private Lending Is

How is private lending different from financing with a bank? Private money lenders are companies that offer alternative financing to investors. They typically provide a wider range of options that better fulfill investment needs.

To offer this flexibility, private lenders use a different approval process than regular banks. While traditional financial institutions are usually concerned with your credit history, private lenders typically are more interested in the property’s value.

In the event you default, the real estate then passes to the financiers to recoup losses. This type of financing is generally considered higher risk than traditional mortgages, so you’ll likely have a higher interest rate and lower LTV ratio.

Benefits of Private Lending

If interest is higher, why opt for private lending? There are several factors that can benefit real estate investors:

  • Quick approval process
  • Fast access to cash
  • Short terms
  • Ease of approval compared to traditional mortgages

Time is of the essence when investing in real estate. The traditional mortgage application process can take months, which may mean missed opportunities. Private money loans, on the other hand, can take as little as 24 hours to process.

These loans also have shorter terms — most last five years or less. This allows borrowers to avoid getting tangled up in long-term debt when they intend to sell the property quickly. Finally, the emphasis on property value means this financing is easier to get approved for if you have poor or no credit. Even if you’re a new investor, you can get the funding you need to break into the real estate market.

What Are Your Private Lending Options in Texas?

Fix and Flip Loans

Fix and flip loans often come in handy when you need to repair or renovate a property over a short period. Real estate investors often use this type of loan to fix up a property, then “flip” it for a profit. Typically, those who apply for this type of loan are experienced in renovating or remodeling properties for a good price.

The most popular type of fix and flip loan is commonly referred to as a hard money loan. Not all lenders offer hard money loans, so it’s important to go through hard money lenders. If you are new to this type of investing, make sure you can make all necessary renovations and still get a good profit when you sell the house.

New Construction Loans
Construction project ideas

Bridge and Hard Money

Bridge loans are very popular among real estate investors because they offer short-term financing when buyers need it right away. Bridge loans are commonly used to help buyers purchase another desired property before their existing property sells. Bridge loans offer immediate cash flow and financial flexibility. Most of these loans come with terms up to one year or less, and they usually operate on real estate or some other form of collateral, as well as interest.

If you’re looking for hard money loans Texas to help span the gap while you wait for our current home or property to sell, ask us about our bridge loans. These loans are perfect for fix-and-flippers who need greater financial flexibility in the short term. Keep in mind that you have to qualify to own two homes to get this type of loan. Additionally, you have an increased financial risk when you take two mortgages out at once. For these reasons, you should be fairly certain that you can quickly sell your current property and pay back your bridge loan with a portion of the profit.

Rental

Many investors find great success in investing in rental properties. Our rental loans can help you as a fix and flip investor because they offer longer-term funding on stabilized properties. They are also commonly referred to as renovate-to-rent loans, fix-to-rent loans, and rehab-to-rent loans. Regardless of their name, they can allow you to grow your profits as a fix and flip investor.

Construction Site

New Construction

New construction loans are intended to help finance the construction of new properties. These private money loans Texas usually cover all associated building costs, including material costs, company construction costs, the land or lot where the home will be built, etc. There are a variety of different new construction loans from which you can choose. They include construction-to-permanent loans, renovation loans, end loans, construction only loans, and owner-builder construction.

We’d love to tell you more about these various loan types in detail. We know it can be confusing to select the perfect kind of loan from private money lenders, which is why we place a lot of emphasis on educating borrowers. We want to make sure you are completely satisfied with your loan and meet your needs very well.

Hard Money Loans

Hard money loans are the solution for your residential and commercial property financing needs. They are easier to qualify for than traditional loans and offer faster processing times. While traditional mortgages can take up to 45 days (or even longer) to go through, a hard money loan is refreshingly quick and offers cash within days. There are several different types of hard money loans from which you can choose, so we recommend talking with us about your financial needs and situation. That way, we can help you select the most appropriate hard money loans for your preferences.

Construction Loans

Joint Venture Financing

Are you thinking about entering into a joint venture? If so, you need financing that can help make your venture a success. We offer joint venture financing for both incorporated and unincorporated joint ventures. In this type of agreement, two or more parties pool their resources together to achieve a predetermined goal. Though resources are pooled, each party still maintains responsibility for his or her own debt.

Joint venture funding is commonly used by fix and flippers who haven’t had a lot of luck securing other funding types. If you don’t have a lot of capital and need more financial resources to ensure a joint venture, apply for this generous program today.

Schedule Your Consultation

We love offering hard money loans Texas to business owners who need them. To schedule your consultation, contact us today.

Call now for more information
(917) 397-3851