ONE YEAR TERM
Our one-year term hard money loan programs have an interest rate of 12.99% plus a 3%(points) origination fee Minimum Loan $75k.
6-MONTH TERM
Our 6-month term hard money loan programs have an interest rate of 12.99% plus a 2%(points) origination fee.
Loan Programs Overview
| Loan Programs Type | Commercial Loans | Residential Loans | Land / Lots Loans | Fix / Flip Loans |
|---|---|---|---|---|
| Do We Offer Them? | Yes | Yes | Yes | Yes |
| LTV | 70-80% | 70-80% | 0-50% | 70-80% |
| Minimum Loan Amount | $75,000 | $75,000 | $75,000 | $75,000 |
| Maximum Loan Amount | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Loan Term Offered | 6 or 12 months | 6 or 12 months | 6 or 12 months | 6 or 12 months |
| Interest Rate Offered | 12.99% | 12.99% | 12.99% | 12.99% |
| Points Charged | 2 or 3 based on term | 2 or 3 based on term | 2 or 3 based on term | 2 or 3 based on term |
| Pre-payment Penalty | No | No | No | No |
| Insurance Requirements | Property, Windstorm | Property, Windstorm | N/A | Property, Windstorm |
| Flood Insurance Requirements | For Floodzone Properties | For Floodzone Properties | N/A | For Floodzone Properties |
| Lending Area | Texas Only | Texas Only | Texas Only | Texas Only |
| Special Requirements | Phase 1 - Loans > $1 million | N/A | Possible Survey | N/A |
Loan Programs Limits
Minimum Loan Amount: $75,000
Maximum Loan Amount: $5,000,000
Loan To Value (LTV)
Many of our customers ask what percentage of the property value the lender will loan. There is no standard Loan to Value (LTV) percentage that we use for every loan. For more attractive properties, we might loan as much as 90%, whereas for others we might loan 50% or nothing at all, with the average LTV being around 75%. Larry makes his own value judgment and often will not require an appraisal, handling the task himself and saving money for the borrower. If Larry is unable to determine the value or if the borrower asks for a higher LTV, then we will need an outside appraisal.
Bridge Loans
Bridge loans are a crucial element in the real estate financing landscape, providing a temporary financial solution that helps bridge the gap between selling one property and buying another. With Larry the Lender, our bridge loans stand out with competitive terms and a hassle-free process. We understand that timing is often the essence of successful real estate investment, and that’s where our bridge loans can be the difference-maker. Leveraging our experience in hard money lending, we provide tailored bridge loans that suit your needs, whether you are closing on a new investment or navigating a complex property transaction. Reach out to us to discover how we can make your next move smoother with our bridge loans.
Commercial Hard Money Loan Programs
Larry the Lender is a prominent name when it comes to commercial hard money loans in Texas. Our commercial hard money lender services are tailored for business owners and investors looking to finance commercial properties without the bureaucracy of traditional banking. From remodeling retail centers to acquiring office complexes, our hard-money commercial loans provide the financial flexibility you need. With transparent terms, quick approvals, and dedicated support, we make commercial financing accessible and efficient. Explore our commercial hard money loans today, and let’s transform your business dreams into a thriving reality.
Residential Hard Money Loans
Navigating the residential real estate market for first-time homebuyer loans and programs requires the right financial partner, and that’s where Larry the Lender excels. Our residential hard money loans are designed for real estate investors seeking swift, reliable financing. Whether you’re eyeing a new investment property, refurbishing an existing one, or seeking a quick sale, our hard money lending practices make it all possible. What sets us apart is our ability to provide hard money loans without unnecessary delays or extensive paperwork. We believe in empowering investors with financial solutions that work. Trust in our residential hard money loans and let’s redefine what’s possible in your real estate journey.
Fix And Flip Loans
Larry the Lender specializes in providing fix and flip loans, an essential tool for real estate investors. These loans are specifically designed for individuals interested in purchasing properties that need renovations. The idea is to buy low, invest in necessary repairs and upgrades, then sell high for a profit. This strategy can be highly lucrative, but it requires quick access to funds. That’s where our hard money loans come into play. We offer competitive rates and flexible repayment terms, allowing you to maximize your return on investment. Unlike traditional lenders, who often have lengthy approval processes and stringent requirements, we provide quick funding so you can act swiftly in the fast-paced real estate market. Our team has extensive experience in real estate investment and understands the unique challenges and opportunities associated with fix and flip projects. We’re here to guide you through every step of the process, from initial loan application to final repayment.
Asset Based Lending
Our approach to lending puts the focus on the value of the property you’re investing in, rather than your financial history. This method, known as asset-based lending, allows us to serve a broader range of borrowers compared to traditional lenders. Whether you have less-than-perfect credit or irregular income streams, we can work with you to provide the financing you need based on the value of your real estate project. We believe in the potential of each investment and understand that each deal is unique. Our team of experienced professionals will work closely with you to assess the value and potential of your property, ensuring you receive a fair and flexible loan that meets your needs. This asset-focused approach empowers you to take control of your financial future through real estate investment.
Transactional Funding
Transactional funding is a unique and invaluable financing solution for real estate investors involved in short-term property transactions. At Larry the Lender, we specialize in providing transactional funding that facilitates quick and seamless property flips. Whether you’re a seasoned investor executing a same-day double closing or a newcomer seeking a reliable financial bridge for a back-to-back transaction, our transactional funding is tailored to meet your needs. With competitive rates, clear terms, and a commitment to speed, our transactional funding service eliminates the typical stress and uncertainty associated with traditional lenders. Our expertise as one of the best hard money lenders ensures that you have the capital in hand exactly when you need it. Connect with Larry the Lender and discover how our transactional funding can be the catalyst for your next successful deal.
Loan Program FAQ
How do hard money loans work?
Learn more about the process and requirements for obtaining a hard money loan from Larry The Lender.
What are the costs associated with qualifying for a loan from Larry The Lender?
Find out about the fees and expenses involved in the loan application and approval process.
Is a hard money loan the right option for me?
Discover if a hard money loan from Larry The Lender is suitable for your specific financial needs and goals.
