Hard Money Loans Houston - The Fundamental Guide You Need To Read

HARD MONEY LOANS HOUSTON

THE FUNDAMENTAL GUIDE YOU NEED TO READ

"Hard money" is a term that is used almost exclusively in the United States and Canada, where these types of loans are most common. In commercial real estate, hard money developed as an alternative "last resort" for property owners seeking capital against the equity in their real estate holdings. (Wikipedia)

A Bit of Background ...

In the early 1950s when the credit market in the United States was going through drastic changes, hard money loans were introduced to provide an alternate source of equity.

The market expanded far and wide since the 2009 mortgage crisis with the passing of the Dodd-Frank Act. The Interest Rates on Hard Money Loans In Houston When compared to traditional business loans, hard money loans usually have a higher interest rate and it could range from 10% to 18%.

Why Hard Money Loans?

Hard Money Loans are approved faster.

Hard Money Loans are exible.

Hard Money Loans do not require much documentation.

Hard Money Loans are easier to secure.

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