Hard Money Loans in Houston, TX

A worker calculating hard money loans in Houston, TX

What is Hard Money?

A hard money loan is a specific type of asset based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the shorter loan durations. Most hard money loans are used for projects lasting from a few months to a few years.


Hard Money Purchase For Commercial and Residential Investment - Parameters

- 80% LTV (Loan to Value)  

- 20% down payment  

- 2-3 origination points  

- 20 year amortization  - 5 year balloon  - Escrow taxes and insurance  

- 1-2 weeks closing

Axe Lending Group and Hard Money

We specialize in asset based equity lending better known as hard money. We lend from $40,000 to $3 million in Houston and surrounding areas. Different levels of terms and rates apply depending on the transaction structure and type of property.Acceptable collateral includes improved commercial, raw land, and residential real estate. We have a free application procedure and charge no upfront fees. Closings typically occur 1 to 2 weeks after Axe Lending Group has received the information requested below:

-Hard Money Application
-Required Documents - Read Below
-Property Appraisal
-Title Commitment
-Hazard Insurance
-Property Survey

Required Documents

- Last 2 years tax returns
- last 2 months bank statements
- last 4 pay-stubs
- last 2 year w-2’s (W-2 Employees only)
- Drivers license or ID
- Financial Statements (If self employed)
- Credit report