Best Texas Investors For Hard Money Construction Loans

August 9, 2022
Photo by Scott Blake on Unsplash

Texas is one of the best places to establish your real estate business. 

And when you have already made up your mind about starting your real estate business in Texas, you must look for the best investors for hard-money construction loans. Right? 

In that case, you must have an understanding of the market. You obviously can not depend on traditional banks and financial institutions to offer you loans. They take too much time and also have strict regulations when it comes to giving loans. 

Hard money lenders are the best solutions now. Although the interest rates are a little higher, still, you will get the loans within a shorter period of time. They always come with flexible regulations. 

Read more about this topic below.

Best Texas Investors For Hard Money Construction Loans

We know you are searching for the best investors helping with hard money and construction loans based in Austin, Texas. That is why we are here with a list of them. Now, without wasting any time, let’s have a look at them. 

Investmark Mortgage

Award-winning hard money lenders, which covers the south, central, and north of Texas. They are the direct lenders who will make funding for your investment property super easy. 

Here are some details about them that you would love to know. 

  • 100% rehab funds included. 
  • 100% financing available. 
  • Up to 70% LTV. 
  • Good credit, reserves, and income. 
  • Up to 12 months of the term. 
  • The processing fee is around $800.
  • 3% loan fee. 
  • Interests only. 
  • 12.99%. 

HouseMax Funding

When you are looking for the best investors for hard-money construction loans in Texas, you can not miss the chance to go through the details of HouseMax funding. Whether it is a flip-flop loan, rental loan, or others, they are there to offer you the best thing. 

Here are the top features of HouseMax funding that will make you choose them in the first place. 

  • Get pre-approved online. 
  • Submit your details. 
  • Complete loan application. 
  • Get your funding fast. 
  • Various projects. 
  • Over 2,000 deals funded. 

Longhorn Investments

Longhorn Investments were formed in the year 2008, and since that time, they have funded thousands of investments. They are also ready to help you with complimentary services, including real estate law and title work. 

Here, you will get programs for rehab fix and flips along with longer-term rental properties. Here are some more details we think might interest you. 

  • LTV up to 75%. 
  • The monthly servicing fee is around $15. 
  • The credit report fee is approximately $40. 
  • The loan admin fee is $500. 
  • The loan documents fee is $475. 
  • On the basis of the location and fee of independent appraisers, the appraisal fee is somewhere between $425 to $550. 

DFW Specialty Lending

Here you will get competitive rates along with terms that you will not get through traditional avenues. You can expect the closing ty[ically under 7 days to 10 days. The best part is that, in some cases, it also can be as little as only 24 hours. 

The only problem with DFW Specialty Lending is that they come with a little stricter LTVs in comparison to other lenders in the market in Texas. The average LTV somewhere varies from around 60% to 70%. They are one of the most reputable elders of Texas, with excellent reviews. 

Peak Capital Funding

Here is another top reputed hard money lender of Texas. Although they are based in Dallas, their reputation is indeed nationwide. For rehab, multifamily, rental, commercial, and a lot more, they have a number of programs to offer you. 

Here is some more crucial information about Peak Capital Funding that you would like to know. 

  • Term from 12 months to 24 months. 
  • Rates begin from 10% to 12%. 
  • The loan amount varies between 250K to 10 million. 
  • LTVs up to 75%. 

Some More Names

We totally get it when you are looking for the best Texas investors for hard money construction loans; no number of names will be enough for you. That is why here we are with some more excellent options. 

  • My Rehab Lender. 
  • Hifi Hard Money.
  • Bay Mountain.

To Conclude

So, now, you have the names of the best hard money lenders in Texas. You just need to contact them and know all the necessary details. Then, on the basis of your requirements, you need to select the best one that will be perfect for your projects. 

And, in case you have any doubts or queries, feel free to reach us. We will try to come up with a solution as soon as possible.

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