Basic Apartment Hard Money Terms

Our basic terms (contact for specifics 800 489 5363 - provide us details)

up to 70% LTV

 

Min Loan 100,000 Texas

(350,000 outside Texas)

 

Max : TBD, but up to 10 mill available for B properties + and sponsors with solid trac record

 

rates vary per deal

 

We have instituional bridge loans from 6%

 

Our private capital starts at 11%

 

 

Fast turn - 1 week - 30 days

 

Non Recourse available

 

2-4 points per deal total

 

 

 

 

Multifamily bridge loan

Nationwide (top 25 type markets ) for deals over 500k and for in Texas we will consider major markets : Dallas,Houston,San Antonio and Austin and also smaller markets in Texas such as Amarillo,Lubbock, Midland, El Paso, Tyler-Longview, Waco, College Station, and The Gulf Coast to the Valley. Loans in Texas as small as 200k.

HARD MONEY : 10.5- 14% PENDING DEAL SIZE

BRIDGE MONEY: 6-9% ,PENDING RISK AND SIZE

 

 

Apartment Bridge Process

 

We can arrange loans both internally and as intermediary giving us superior flexibility access more capital. Typical bridge and hard money loans may go up 10 million and more for “A” type properties and borrowers.

 

Texas Hard Money Blog

 

 

 

 

 

Apartment loans considered:

-Purchase and Rehab multifamily
-Purchase only (loan off of as is value)
-Refinance (payoff seller carry, mature loan…)
-Cash out (many clients cash out after paying -cash to acquire the apartment building)

WHERE: We are located in Texas but consider apartment buildings in most top 50 markets. 
1-3 Years 

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