Mortgage & Commercial Lending News.

Houston's premier blog for all things related to Commercial and Residential Hard Money Loans.

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This Is Why Every Property Owner Should Have Flood Insurance

Posted by Jim Emerson

Jan 30, 2018 4:41:24 PM

There are many misconceptions when it comes to purchasing flood insurance.

Many homeowners think they’re not at risk for flooding, when they usually are. And many believe that if they are flooded, they’re insured for it. For example, the coverage is often inadequate lacking enough coverage to fully rebuild the home. Although flood insurance is available to many homeowners under the NFIP, most don’t have it. This is true for many of Hurricane Harvey’s victims. This hurricane was the most significant tropical hurricane in the United States history. Harvey’s damage was between $90 Billion and $160 Billion with a midpoint at $125 Billion.

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Topics: Houston Commercial Loans, hard money lenders, mortgage process, houston, residential hard money loans, houston hard money lenders

What you need to know about Multifamily Lending: A Hard Money Lender's Perspective

Posted by Jim Emerson

Jul 25, 2017 9:40:25 AM

Multifamily commercial lending is completely different than residential lending. Multifamily commercial lenders come in all shapes and sizes, and learning how multifamily loans are structured will open up new opportunities. Before you begin to invest in multifamily properties, it is important that you understand that residential and commercial lending are different specialties, each with their own unique complexities.

Understanding the differences

Multifamily lending has a lot more factors and questions to consider during the prequalification, and additional parties are involved. Those include attorneys, accountants, and property managers. Whereas, residential

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Topics: Houston Commercial Loans

Private Money Lenders Help Non-Bankable Borrowers

Posted by Gonzalo Arjona

Jul 30, 2014 3:13:12 PM

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Topics: Hard Money, Hard Money Loans, Low Documentation Loans, Houston Commercial Loans

5 Tips For Securing Construction Financing With A Hard Money Loan

Posted by Jim Emerson

Jul 16, 2014 12:05:55 PM

Many believe that getting a contruction loan is a difficult process. In some cases, this assumption is correct; however, with the right tools and information, getting approved for a construction loan is possible. Often times it’s a matter of finding the right loan from the right lender. Hard money lenders have become prime candidates for construction financing. Even though they offer higher interest rates, the actual difference in cost is usually not detrimental to the project since they are usually be held for short periods of time; for this reason it’s imperative to have a clear exit strategy before considering a construction loan.

Construction loans are currently in large demand due to the latest statistics of the growth in new home and commercial real estate sales.  Real Estate sales have been rising reaching the highest levels in recent history. This has resulted in a reduction in inventory that has made this a seller’s market.  What do you need to know when applying for construction loans to take advantage of this market?

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Topics: Hard Money Loans, Houston Commercial Loans, construction loans

Is Your Property a Good Fit For a Commercial Hard Money Loan?

Posted by Gonzalo Arjona

Jun 30, 2014 11:32:44 AM

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4 Ways to Assess a Commercial Property’s Worthiness

Commercial hard money loans are very useful options for people who face difficulties on their loan applications with conventional financiers or banks. Furthermore, private lenders are more open to originating ‘cash-out’ loans on commercial properties.

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Topics: Hard Money, Hard Money Loans, Houston Commercial Loans, Specialty Loans