We’re a private hard money equity-based lender located in Houston, TX lending hard money commercial loans and residential investment hard money loans in Texas. We work with borrowers, brokers and real estate agents across Texas. As a direct lender we can make quick in-house loan decisions unlike other lenders which can sometimes take weeks. Anybody can do the easy loans, we like difficult loans, no matter how much hair it has we can find a way to make the loan if you have lots of equity. We love loans that banks have turned down!
Our rates depend on the type of property (retail, apartments, warehouses, land, office buildings, special purpose buildings, residential, etc.) term of loan, risk assessment and general financial condition of the borrower. Unlike most hard money lenders who make six to eighteen month loans we prefer longer term loans and will go out to seven years. We always have the best rates, lowest fees and longest terms! Most of our loans will fund in 7-10 days after the appraisal is received and reviewed.
All our hard money loans are based primarily upon the equity in the property. Income is reviewed but is not a major factor. We’re asset based lenders but we want to know you can make the payments. We like loans from $80,000 to $5,000,000. We love brokers and pay out $1,000’s each month in referral fees to brokers and real estate agents.
Are you in need of a loan to purchase an investment property or are you a real estate owner looking to refinance an existing mortgage? We can help! We have the best rates and terms on bridge loans in Texas. If the bank has declined your loan, you can count on us for hassle-free financial help. Fill out our short application and we’ll get back to you within the hour with more information.
Brokers & Realtors
Are you a broker or a realtor selling a commercial or residential investment property that needs a hard money loan in Texas? We work fast and get your loan approved quickly. Submit your loan scenario to us today and earn referral fees!
How To Get Your Hard Money Loan in Houston and Across Texas?
Step 1: Apply
Fill out our simple form here and apply for a loan. You’ll need to provide basic information including the purpose of your loan, loan amount, how you plan on paying it back, property information, and any other relevant data. It is also helpful for us if you send over pictures as well as any previous appraisal you may have on file.
Step 2: Pre-Approval
Once we receive your form, we’ll give you a call back within the hour to discuss our rates and review your information. During this call, we also set up a site visit to assess the property and meet you in-person. We like to know who we’re working with, and we feel a credit check doesn’t yield the same personal touch.
Step 3: Offer
After reviewing the property and your loan application, we will send over a letter of intent with the terms and conditions of the loan for preliminary approval. The rates that we offer depend mostly on the type of property, term of the loan, and the risk assessment on the investment. We love bank turndowns.
Step 4: Approval
Once we receive a signed letter of intent back from you, we will need to order the title policy and a new appraisal. Title policies can take 4 days to 7 days to get back. Appraisers can be paid with cash, credit card or check. We will also need specific documents depending on the type of loan you received.
Step 5: Receive Funds
After everything has been processed and we have the documentation we need to proceed, we will set up a closing date with the title company. In most situations, hard money loans can be funded within a week to ten days. Since we’re a direct lender we can approve your loan the same day. This means that you won’t have to wait through a long administrative period and can capitalize on quickly moving forward with the property you would like to purchase or refinance.
Why Choose Sterling Investor Capital
Unlike other hard money lenders, we provide low rates for all our loans. Our loans are based on the equity you have in the property and not on your income. We don’t require credit checks or income verification for you to qualify for a loan.
We prefer to offer long term loans that start from a year and can even go out for as long as five years. Most of our loan terms are generally one to three years with interest only. When you refinance with us, you won’t need to pay any additional broker fees since we are direct lenders that lend you the money.
We close quickly and pride ourselves on providing our customers with the funding they need typically within 7 to 10 days of receiving the appraisal. Our rates, low fees, and long terms stand unparalleled compared to other hard money lenders in Texas.
A Money Concept And Presentation Figure In 3D
Areas We Serve
We are based out of Houston, Texas and we service all of Texas. That includes hard money loans for Houston, Dallas, and Austin clients. If you are unsure whether you fall in our coverage area, give us a call.
About Sterling Capital Investor
We have over 40 years of experience in Texas real estate financing which allows us to provide you with the funds that you need as fast as possible. We make sure you are ready to capture any opportunities that come your way even if you don’t have extra capital on hand. We are a private hard money equity-based lender so we make quick and easy loan decisions. There is no loan committee, it’s our money and if the loan makes sense we’ll do it. We like to make difficult loans that banks have turned down work for you.
