Lending
Rates & Terms
A transparent starting point for every Texas hard money program. Final terms depend on the property, the deal, and underwriting.
Program terms by product
| Program | Rate | Points / Origination | Loan amount | Term | Max leverage |
|---|---|---|---|---|---|
| Fix & Flip Loans | Starting at 12% | Loan fee of 2 to 4 points | $50,000 - $1,000,000 | 6 month initial term with extension provision | Up to 75% of ARV · Up to 75% of ARV |
| New Construction Loans | Rates starting at 12% | Origination fee of 2% to 4% | $50,000 - $1,000,000 | Loan term tailored to length of project | Up to 70% Loan to Value · Up to 90% Loan to Cost |
| Bridge Loans | Starting at 12% | Loan fee of 2 to 3 points | $50,000 - $1,000,000 | 6 to 12 month terms (with extension provisions) | Up to 75% Loan to Value |
| Transactional Funding | Flat transaction fee (see below) | 1.5% Fee or a minimum of $1,500 to be paid at closing | Contact Cedar Top for current terms | 24 hour loan, same day funding available | 100% of the entire purchase price and closing costs |
| Raw Land Loans | Starting at 12% | Loan fee of 2 to 3 points | $50,000 - $2,500,000 | 6 to 24 month initial term | Borrow up to 65% of market value |
| Commercial Hard Money Loans | Starting at 12% | Loan fee of 2 to 3 points | $50,000 - $1,000,000 | 6 to 12 month terms (with extension provisions) | Up to 75% Loan to Value |
What applies across programs
- Interest-only monthly payments on most programs
- No prepayment penalty
- $995 documentation fee
- 2-4 points depending on the program and deal
- Loans made to an LLC or corporation - not to individuals
- Texas, non-owner-occupied investment property only
Subject to underwriting, collateral review, title review, documentation, and Cedar Top Lending LLC approval.
Terms for your specific deal
Contact us with the property and the numbers and we will give you deal-specific terms.