Are you looking for an alternative way to fund a real estate or investment project? Hard money lending is a unique financing option that can provide the capital required and offer many benefits. Here’s a look at Texas hard money lending and how a loan from Cedar Top Lending could work for you.
What is Texas Hard Money Lending?
Texas hard money lending provides access to funding through private investors, typically individuals or small groups of investors who are prepared to lend private capital for their own investment interests. Unlike traditional banks, hard money lenders don’t rely on FICO scores, making it easier for borrowers with less-than-perfect credit scores to receive funds. This type of loan also has higher interest rates than traditional bank loans since it’s not backed by any government guarantee.
Advantages of Texas Hard Money Loans
Texas hard money loans come with some important advantages that make them well worth considering as part of your financial strategy:
- Quick Approval: The approval process is much quicker than a traditional bank loan and can be completed within seven days or less in most cases.
- Flexible Terms: This type of loan offers more flexible terms than bank loans, including the length of the loan, interest rates and repayment conditions. This makes it easier to create custom payment plans that better meet your needs – both short-term and long-term.
- Less Planning Necessary: There is less paperwork involved when applying for a Texas hard money loan than when applying through a bank – which equates to less time spent on organizing information for the lender’s review.
- Access Capital: It provides access to fast capital which will help you capitalize on opportunities when they arise rather than waiting around for paperwork to be filed with the bank. And in the event your application is rejected by a standard investor, you can still fall back on this financing source as Plan B.
How To Get a Hard Money Loan from Cedar Top Lending
The first step in getting started with Texas hard money lending is by contacting us at Cedar Top Lending today to get you started in the right direction!
With hard money lending becoming increasingly popular, there are now more options available for individual investors seeking greater access to capital quickly and easily, even if their credit score may not be ideal. One notable benefit is that borrowers have fewer restrictions on repayment than with Bank loans, allowing them flexibility with payments based on projected profits or performance objectives. Additionally, since it’s easier for lenders to act quickly when evaluating an opportunity compared to traditional banking methods, borrowers may not need high credit scores at all in order to get approved for longer-term real estate investments or large construction projects down south in Texas’s developing markets like Dallas/Fort Worth and Austin/San Antonio! Check out all of our loan types today and let us know how we can earn your business!
Cedar Top Lending is a relationship-led hard money lender focused on providing loan services to borrowers around the United States. We pride ourselves in providing an efficient and reliable solution to those needing hard money financing, which can often be hard to come by without costly intermediaries or lengthy waiting periods associated with traditional lenders. As a direct lender, we recognize the importance of staying flexible and providing customized solutions that meet our client’s needs. Our mission is to provide each borrower with timely access to capital while ensuring they are able to achieve their long-term financial goals in a transparent and secure manner.
Cedar Top’s lending team has the experience and expertise needed to properly evaluate transactions quickly so that loan requests can be approved quickly, allowing borrowers access to the funds they need when it’s needed most. For those loans requiring an accelerated timeline for approval, Cedar Top is also willing and able to approve loans at lower loan-to-value (LTV) ratios subject to other third party approvals. We offer competitive pricing structures and no pre-payment penalties or lengthy application processes — making Cedar Top Lending an ideal choice for those looking for fast and reliable hard money financing.
In addition to our straightforward loan terms, Cedar Top employs exceptional customer service tailored for each client—offering industry insight and assistance throughout the entire process—ensuring every client feels comfortable experiencing peace of mind during any transaction. With our extensive market knowledge stemming from decades of experience in real estate industry combined with our ability to originate loans directly as a private lender; Cedar Top provides clients with comprehensive solutions that emphasize security, reliability and efficiency all while receiving personalized customer service tailored specifically your unique needs. We urge you contact us today so you can start taking advantage of all that Cedar Top Lending has to offer!