Hard Money Lenders In Austin, TX hard money loans in Houston & Austin, TX. Larry the Lender is a short-term, hard money loan (or bridge loan) provider, serving Houston, Austin, and surrounding areas. We specialize in asset-based lending, particularly to real estate investors who buy, fix up, rent, or sell property.
Interest rates of hard money loans are normally higher than bank rates. It can be two to six percent higher and in some cases even more. The overall notion is.
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Ideally, you'll pay off your hard money loan early before its high-interest rates accumulate. Because this is expected, there rarely are penalties.
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The interest rates on hard money loans are typically higher than the rates charged for traditional business loans. The interest rates could range from 10% to 18%. Despite this, such loan options are popular among real estate investors for their fast approvals, higher flexibility, less extensive documentation procedures and because they are sometimes the only option for securing funds.
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