Capital Partners TX
Let’s start with the basics: What is a hard money loan?
About Capital Partners OF TX
WHAT IS A HARD MONEY LOAN?
What we do
We help you GET THE FUNDS YOU NEED TO SECURE THE DEAl.
FAST
Serving real estate
investors since 2009
Fund up to 100%
of purchase price
Rates starting a
11.99%
Call to get pre-qualified
in just 24 hours
Close in as little as
5 business days
WHO CAN QUALIFY FOR A HARD MONEY LOAN IN TEXAS?
Hard money loans offer an alternative to conventional loans for a range of buyers. They’re especially helpful for “fix-and-flippers,” or real estate investors who buy distressed properties, then repair and rehab for sale or to rent.
WHERE DO WE OFFER HARD MONEY LOANS?
Why do so many borrowers choose hard money loans over traditional loans? As investors know, time is money in real estate. When funds are needed within a short period, banks and mortgage lenders simply can’t deliver on time.
WHO CAN QUALIFY FOR A HARD MONEY LOAN IN TEXAS?
Hard money loans offer an alternative to conventional loans for a range of buyers. They’re especially helpful for “fix-and-flippers,” or real estate investors who buy distressed properties, then repair and rehab for sale or to rent.
WHERE DO WE OFFER HARD MONEY LOANS?
We offer financing all over the great state of Texas.
STRATEGIES FOR MAKING THE MOST OF HARD MONEY LOANS
Speaking of leverage, how can an investor make the most of their hard money loan? When an investor wants to purchase a fix and flip, they may choose to use their own money to do so. In most cases, this means draining an account, then waiting to recoup those costs until the repairs are complete and the property is sold or rented or refinanced.
In contrast, taking out a hard money loan means less out-of-pocket cost. The investor can use the hard money funding to purchase and repair the property without draining their account. That leaves their own funds available for other investment projects.
Most banks won’t fund distressed property loans or offer funding for rehab and repair. Hard money loans are designed so investors can purchase distressed properties, then rehab them to increase their value through sale or renting.
We provide hard money loans for landlords, flippers, and brokers. We fund distressed investment properties, including detached single-family residential properties with one to four units.
Flippers sometimes need to make real estate investment decisions on a dime. We understand the need for speed; that’s why we offer such a fast approval process. Often, our hard money loans are closed and funded in just 7 business days!
How we Work
HOW OUR FUNDING PROCESS WORKS
Get
Pre-Approved
Apply online and one of our loan officers will get in touch to help you get pre-approved and provide a proof of funds letter should you need one.
Submit Your
Deal
Once you’ve found your deal, your loan officer will collect your paperwork and assist you through the underwriting and closing procedures.
Flip or Refinance Your Property
Renovate your property and sell it or refinance it before the loan is due, or extend the loan.
Video Testimonial
Hi my name is Travis and I represent Property Clinic Real Estate Transformations and I have borrowed over two million dollars to date from Capital Partners of Texas. I currently have about $350,000 off borrowed capital on the streets with them right now. They are a great company, offer great rates, great customer service and I have no complaints. They’ve been lending to me since 2017 and I have no complaints and I’ll be with them for years to come. Highly recommended to give them a call if you need any lending help.
Travis W.
FAQ
commonly asked questions
Typically, hard money loans have a short-term duration intended to finance property repair and refinancing or selling. We provide purchase-only and fix-and-flip loans with a 12-month term, extendable if necessary. We also offer 36-month rental loan programs suitable for buy-and-hold investors.
While a credit score above 600 and a minimum of $20,000 in liquid assets are typical, most of the underwriting is based on the asset being purchased rather than the individual. First-time homebuyers are not eligible for our loans, and the buyer cannot reside in the homes throughout the loan’s duration. The loans are solely for real estate investors and every deal will be analyzed on a case by case basis.
Usually, it takes approximately seven business days to close the loan from the day we receive the real estate investment purchase contract and rehabilitation budget.
Capital Partners TX offers hard money loans with a minimum amount of $50,000 and a maximum of $5,000,000.
Hard money loans are typically offered by private lenders who are willing to lend money based on the value of a collateral asset, such as a property. These loans are often used for short-term financing needs, such as real estate investment or fix-and-flip projects.
Capital Partners TX currently lends in Texas. We engage a third-party appraisal to assess the property’s estimated after repair value (ARV) to ensure that it will be profitable upon sale or lease and is within our lending criteria.
EASY LOAN DETAILS
- Term | 12 months with lender option to extend
- Rate | 10 - 14%
- Points due at closing | Starting at 2.5%
- Loan to value | Funding up to 75% of purchase and 100% of repairs, not to exceed 70% of ARV
- Experience | Leverage will vary based on experience
- Loan amounts | Starting at $50K
PURCHASE 75 LOAN DETAILS
- Term | 6 months with lender option to extend
- Rate | 12%
- Points due at closing | 3.0%
- Loan to value | 75% of purchase price, not to exceed 50% of ARV
- Credit score | 650+ FICO score
- Experience | Previous investing experience A+
- Income Verification | None
- Loan amounts | Starting at $50K
SIMPLE 70 LOAN DETAILS
- Term | 12 months with lender option to extend
- Rate | 12%
- Points due at closing | 3.0%
- Loan to value | Funding up to 100% of total cost, not to exceed 70% of ARV
- Credit score | 680+ FICO score
- Experience | Previous investment properties required for maximum leverage
- Income Verification | None
- Loan amounts | Starting at $100K
REHAB80 LOAN DETAILS
- Term | 12 months interest only
- Rate | Starting at 10.99% depending on experience level
- Points due at closing | Starting at 2.0% depending on experience level
- Loan to value | The lesser of 80% of purchase price + up to 100% of repairs or 65% of ARV
- Credit score | 680+ FICO score
- Experience | Previous flip experience required
- Income Verification | None
- Loan amounts | Starting at $75K
EASY90 LOAN DETAILS
- Term | 12 months with lender option to extend
- Rate | 12%
- Points due at closing | Starting at 2.5%
- Loan to value | Funding up to 75% of purchase and 100% of repairs, not to exceed 70% of ARV
- Credit score | 650+ FICO score
- Experience | Leverage will vary based on experience
- Income Verification | None
- Loan amounts | Starting at $50K
Let's Talk
WE'RE HERE TO HELP
We’re excited for the opportunity to work with you and provide fast and reliable investor funding!
support@CapitalPartnersTX.com
832-583-1009
