Houston is a great place to invest in real estate. With a growing economy and an ever-expanding population, now is the time to get into the Texas property market. However, it can appear tricky to know where to start with many investment options available.
That’s where hard money lenders come in. Hard money lenders are private investors willing to provide financing for real estate investments outside of the traditional banking system. They offer short-term loans at high-interest rates, but they’re often your best option when you need funding quickly or when the banks won’t lend to you.
If you’re trying to find a hard money lender in Houston, Texas, here are 10 of the best:
1. HouseMax Funding
HouseMax Funding is the leading hard money lender in Houston, Texas. They provide short-term loans to real estate investors throughout the state of Texas. HouseMax secures their loans by the property, so you can ensure that your investment is safe.
Importantly, they are members of the American Association of Private Lenders, so you can be sure that they are a reputable company.
2. Catalyst Funding, LLC
Catalyst Funding is a hard money lender situated in Houston, Texas that provides loans in the Houston area. They provide rental property loans as well as short-term fix-and-flip credit.
Catalyst Funding will assist you as a seasoned real estate investor or a first-timer. They provide various lending options and have an excellent online performance rating.
3. Jet Lending, LLC
Jet Lending is another Houston-based hard money lender specializing in financing real estate investments. They offer short-term loans at high-interest rates, but they’re often your best option when you need funding quickly or when the banks or other institutions won’t lend to you.
ZeusLending works with a wide range of properties, including starter homes, million-dollar estates, commercial investments, and investor restoration projects, to name a few. They’re also unique in converting hard money loans to conventional loans, which greatly benefit landlords.
Considered a highly rated and dependable, hard money lender in Houston, ZeusLending has been in finance for over twenty years with many satisfied clients making it a good choice.
5. Clear Lending – First Time Home Buyer Loans
Clear Lending is a Houston-based hard money lender specializing in providing financing for first-time homebuyers. They offer low-interest rates and no prepayment penalties, making them excellent for first-time home buyers.
Taking your first steps on the property ladder is made easier with Clear Lending.
6. Priority Investor Loans
Priority Investor Loans is a Houston-based hard money lender that offers loans to real estate investors throughout Texas. Priority Investor Loans is a private financier with an excellent track record and a reputation for being a top contender in the finance business.
They offer loans available for all types of real estate investors, including upgrading properties, transforming rental properties into investments, or just buying a fix-and-flip property or two.
7. Boom Bam Funding
Boom Bam Funding with its fun title, takes the job of lending money seriously. They offer hard money loans in the real estate markets throughout 27 states and DC. Boom Ban provides fix-and-flip loans with flexible terms, longer-term rental loans, refinancing, and new development loans, offering low loan-to-value ratios and competitive interest rates.
By offering dedicated assistance Boom Bam has flexible programs and professional advice to help grow your business.
8. Marlin Business Loans
Marlin Capital Solutions is a national hard money lender specializing in financing small businesses and real estate investments.
Marlin takes community matters seriously. Their Community Enrichment Guild is involved in many community projects, and their community involvement and charitable links continue to develop, empowering those involved with Marlin Capital Solutions.
The good work that the community group does makes Marlin Capital Solutions an ethical and financially viable option.
9. Larry The Lender
Larry The Lender isn’t just a catchy name. They are a Houston-based hard money lender. Larry’s team mainly provides loans in the Houston area. They offer commercial hard money loans and cash for rental properties, cash-out refinances, and fix-and-flips.
Larry The lender offers appropriate durations of 6 to 12 months and competitive interest rates.
10. Blink Lending
Blink, and it’s gone, fast lending services for an ever-changing world. Blink was founded in response to the overwhelming demand for quick, accessible loans. They offer hard money loans for various purposes, including real estate investments, small businesses, and personal needs.
Blink has a quick online application process and can provide funding within 72 hours of approval.
As you can see, there are many hard money lenders in Houston, and also in Texas. When choosing a lender, it’s essential to ensure that the company is part of the American Association of Private Lenders.
The American Association of Private Lenders will ensure that you receive fair treatment and high-quality service. When it comes to investing in real estate, Texas is one of the best states in the country. Thanks to its booming economy and population growth, Texas and Houston in particular offer excellent opportunities for investors of all experience levels.
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