Hard money lenders Texas, Sherman Bridge Lending are renowned for their fast hard money financing solutions at unbelievably low interest rates of just 6.99%. Getting a hard money loan at Sherman Bridge Lending is relatively simple thus giving you the ability to quickly close in on the lucrative foreclosure or distressed property deals.

Once you have found an investment property, just fill in the contact form at shermanbridge.com or speak to a loan expert at 1.866.912.0622. But keep in mind that Sherman Bridge hard money lenders Houston will only lend hard money loans for single family residential properties and not for land or any kind of commercial properties. The loans are not available to first time homebuyers and the homes cannot be occupied by the purchaser during the life of the loan. Moreover, it will only lend hard money loans over $50,000, that too only on properties that are to be rehabbed and not demolished. Most loans are for 6-12 month terms and allow prepayment as well.

Once you have submitted the executed contract to your loan officer, you will receive a loan disclosure package containing all the terms of the hard money loan in extremely clear language. You should carefully study and understand how your loan will work before deciding to move ahead.

Sherman Bridge hard money lenders Texas will also provide you with a ‘loan worksheet’ that estimates your down payment and monthly payments. It even assesses your estimated net profit based on the deal figures and projected holding time.

You have to submit your repair requirements and request a subject-to-repairs appraisal through the ‘Order Rehab Inspection’ form. The hard money lenders Houston typically close the loan within 5 business days after receiving the rehab budget. So, you can receive up to 70% of the after repair value of the property in even less than a week!

Sherman Bridge Lending offers a variety of property loan programs like home loans, rehab loans and refinance loans to suit individual requirements. It offers fast financing solutions at low rates of interest and is committed to extending the best possible solution for all kinds of challenging loan scenarios. To know more about the flexible loan programs log on to shermanbridge.com and fill in the contact form. You can also call on 1.866.912.0622 to speak to one of their experienced loan officers or email at [email protected].

Address: 4600 Fuller Drive, Suite 200B, Irving, TX 75038