#1 Houston Hard Money Lender in 2024
Looking for a private lender in Houston Texas with low rates, no income docs or minimum credit score requirement, and the ability to close in 5-7 days?
If so, Capital Funding Financial’s hard money loan program is the perfect fit for you!
Capital Funding Financial is a Texas family office fund which specializes in asset based private money loans on non-owner occupied investment properties nationwide particularly in Texas throughout Houston & Dallas.
If you are a Houston real estate investor, developer, mortgage broker, or individual who needs a FAST, RELIABLE, & HONEST PARTNER for rental investment, commercial, or multi-family properties… Contact us today for a complimentary consultation.
We would like to provide you a pre-approval letter and soft quote for your particular scenario.
Capital Funding Financial is a direct lender backed by a Texas Family Office with over 1,000 Single Family Developments built across the United States including 10+ projects currently in progress in Texas and over 250 Million in Capital deployed to real estate investors.
Houston Hard Money Lending Parameters (2024)
| CLOSING TIME | Typically 5 to 14 days |
| LOAN SIZE | $100,000 to $25,000,000 |
| LTV | 65% LTV (Quick Close) | 80% LTV (Traditional Bridge) | 90% LTC |
| LIEN POSITION | First Trust Deeds |
| LOAN TERM | 6 to 24 months |
| INTEREST RATES | 6.99% to 11.99% |
| AMORTIZATION | Interest-only payments |
| ORIGINATION FEES | 1.5 to 2.5 points |
| LENDING AREAS | Nationwide, throughout Texas metropolitan and coastal areas |
APPLY NOW & GET PRE-APPROVED TODAY
Or Call Us At 866-999-2011
Why Capital Funding Financial is the Top Rated Houston Hard Money Lender Among Texas Real Estate Investors
- RATES STARTING AT 9.99%*+ ON HARD MONEY LOANS,
- RATES STARTING AT 6.99% ON RENTAL INVESTMENT LOANS,
- RATES STARTING AT 9.75% ON FIX AND FLIP LOANS!
- LOW ORIGINATION FEES
- UP TO 80% LTV! UP TO 90% LTC!
- NO PREPAYMENT PENALTY*
- QUICK & EASY CLOSINGS IN LESS THAN 7 DAYS
- NO VERIFIED INCOME DOCS REQUIRED OR TAX RETURNS NEEDED
- MINIMUM LOAN AMOUNT OF $100,000 UP TO 25 MILLION
- LENDING AVAILABLE NATIONWIDE ON COMMERCIAL & SINGLE FAMILY NON OWNER OCCUPIED PROPERTIES
APPLY NOW & GET PRE-APPROVED TODAY
HOUSTON HARD MONEY LOAN – FAQ’S
What is a hard money loan?
A hard money loan is a loan based on the value of the property instead of the income or credit of the borrower. Where asset based lenders aka hard money lenders focus primarily on the value of the asset used as collateral for the loan traditional banks and lenders focus chiefly on the credit and income of the borrower in making their decision on whether to extend credit. Furthermore, where traditional loans are generally for 15–30 year durations, hard money loans are used as a temporary alternative (1–3 years usually) as a bridge to acquire a property, rehab, stabilize it, and have it ready to be sold or refinanced. Hard money loans are provided to all asset classes ranging from commercial, retail, office, industrial, multi–family, or single family residential homes.
Why choose a hard money loan in Houston instead of a conventional loan provided by a Houston bank?
There are many reasons why a borrower in Houston would choose to use a Houston private lender for a Houston hard money loan over a more economical traditional financing:
(1) Quick Funding– conventional banks take the absolute minimum of 30-45 days to finance an individual family residential loan and any where between 60–90 days to finance a commercial loan. Whereas, a Houston TX hard money loan by Capital Funding Financial is generally funded within 5-10 days.
(2) The Property Needs Work– due to the conventional bank‘s very conservative underwriting guidelines, most will not lend on properties needing repair. However, a private money lender will be happy to loan on a property that either lacks cash flow or needs upgrades.
(3) Not based on credit or income– Traditional banks rely heavily on a borrower’s credit score, reported income, and the borrower’s ability to repay the debt. As a result, traditional banks turn down even strong income borrowers such as doctors, lawyers, and solicitors who have high incomes but also have a lot of debt. So, there is a key role that private lenders such as Capital Funding Financial play in lending to borrowers based on the asset value versus the debt to income of the individual borrower.
What type of properties qualify for Hard Money Loans from Capital Funding Financial?
- Single Family (Investment)
- Duplex, Triplex, Quadplex
- Large Developments
- Condo Conversions
- Multi-Family Properties
- Mixed-Use Properties
- Commercial Properties (Office, Retail, Industrial)
How long is the term of the hard money loan?
Typically hard money loans or bridge loans are 12 months. However, Capital Funding Financial offers hard money loans for up to 36 months (24 month term with up to a 12 month extension).
How fast can Capital Funding Financial close?
In some cases, Capital Funding Financial can close within 48 hours where title, valuation, and insurance are in place! The average turn around time is 3 to 7 business days.
How can I qualify?
Simple… you just need equity in your property if you are refinancing OR if you are purchasing you will need to put down at least 15 – 20%. It is common practice to have a entity to purchase the property in to ensure it is for “business/commercial purpose.”
WHAT LOAN DOCUMENTATION DO YOU NEED TO QUALFY FOR A HOUSTON HARD MONEY LOAN?
For Purchase Transactions:
- Loan Application & Disclosures
- Driver’s License or Passport (ITIN number if you are a Foreign National)
- Purchase Agreement and any addendum(s)
- Proof of Earnest Money Deposit with check or wire receipt
- 2 Months Bank Statements to show the necessary cash to close and liquidity
- Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, Corporate Resolution
- Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, CPL, Draft Deed, HUD
- Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
- Lease Agreement (if applicable)
For Refinance Transactions:
- Loan Application & Disclosures
- Driver’s License or Passport (ITIN number if you are a Foreign National)
- Payoff Statement or Mortgage Statement (if applicable)
- 1 Months Bank Statement to show current liquidity
- Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, Corporate Resolution
- ACH Setup Form
- Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, Confirmation of GAP Coverage, CPL, HUD
- Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
- Lease Agreement (if applicable)
Here is what our Houston TX customers say about us:
We provide hard money loans throughout the Houston Metropolitan Statistical Area (MSA) including but not limited to River Oaks, West University Place, Bellaire, Jacinto City, Galena Park, South Houston, Pasadena, Cloverleaf, Aldine, Missouri City, Pearland, Deer Park, Channelview, Stafford, Humble, and Mission Bend Texas.
Fix & Flip, Rental Loans, & Hard Money Loans
If you’re in need of a hard money loan for a rehab project, fix & flip, or rental investment loan, please contact us today at 954-320-0242.