Hard Money Loans Austin

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Hard money loans are short-term loans without going through the traditional lending process. You might take this route if you have been turned down for other credit and need quick cash. If you want to avoid waiting weeks until banks approve your application, apply today in Austin.

Hard Money Lenders Austin

With hard money loans, you can get a quick cash infusion for your real estate investment with no bank financing. They’re guaranteed by a tangible asset and offer higher interest rates than traditional mortgages. Hard Money Lenders typically only provide funds for properties that they believe will generate strong returns. These investments pay off quickly through rising values in homeowners’ homes.

A mortgage process often takes more than a month to purchase a property from application to close. With a hard money loan, you can make your purchase happen quickly and with less scrutiny than if there were other types of loans available.

Zeus Lending specializes in providing hard money loans for homes and businesses across Texas. We offer diverse loans for multifamily properties, commercial real estate, and construction projects. Founded by industry veterans with decades worth of experience.

What are Hard Money Loans in Austin?

Hard money loans are a non-traditional, short-term loan option that lends people or private lending companies money secured by collateral, typically in the form of property or other assets. These loans are perfect for borrowers whose loan applications have been denied or who are looking for a way to get cash quickly. Similar to traditional loans, like mortgages, these loans are backed by the value of the collateral or asset. If a borrower defaults on a hard money loan, the lender takes ownership of the asset. 

Advantages of a Hard Money Loan

While most loan seekers tend to go to their bank for a loan, there are plenty of benefits hard money loans from private companies offer that traditional lenders do not. These include the following:

Faster Closing Time:  Receiving a loan from a traditional lender can take months. In contrast, this loan will typically put cash in your pocket in a few days. Zeus Lending typically funds these loans in 4 business days.

A credit score is not a major factor:  Since we as lenders focus on the amount of equity you have in the collateral, no credit score checking is required. You can have good credit, bad credit, or no credit and still get the loan.

Rehab: Our lending has been a godsend for those looking to rehab their property. Properties that need renovation can take advantage of the short-term, quick approval of the loans.

Short Terms: Hard money loans typically come with short terms, so you shouldn’t need to worry about high-interest rates raising the bill much

What Are Hard Money Used For?

Purchasing Investment Property

If you’re looking to invest in a rental property and don’t have good enough credit for traditional financing, a hard money loan may be the best option. Hard money loans allow you to finance your investment without needing a good credit history. 

Flipping A House

Many real estate investors rely on hard money loans to purchase fixer-upper homes. Loans are attractive to professional house flippers because these loans give them a quick option to obtain financing for repairs and renovations. Plus, house flippers typically sell the newly improved home in a short period, so they don’t need a long-term traditional loan. 

Purchasing Commercial Property

Hard money loans can be helpful for entrepreneurs who are purchasing a unique property that doesn’t qualify for financing from traditional sources. A business owner looking at investing in commercial real estate could use this type of loans. You can still fund the purchase of commercial property without qualifying for a traditional loan. 

Other Austin Loans We Offer

Construction Loan

A construction loan is a popular way to finance the building of your new home. Unlike a traditional mortgage, a construction loan is typically paid out in smaller draws. Once complete, the loan can be converted into a traditional mortgage. As a result, construction loans can offer a convenient and flexible way to finance a new home.

Real Estate Crowdfunding

Real estate crowdfunding is an innovative way to invest in property. By pooling funds from many small investors, developers can access the capital they need to finance their projects. Investors are given a share in the profits from the property sales. Real Estate Crowdfunding can offer great returns.

100% Satisfaction–Our Extreme Guarantee

It’s our pleasure to help in your search for the perfect loan. Our experts have analyzed countless investment deals and are here to get in touch! The Super-Simple Application takes less than 3 minutes. A knowledgeable Loan Specialist will contact you with any questions or concerns. There’s no obligation, only your 100% satisfaction with our service.

The Role of Zeus’ Hard Money Loans For Austin

In this competitive real estate environment, traditional bank loans often fall short. They can be slow to process, require extensive documentation, and may not cater to the unique needs of investors. This is where Austin hard money loans come to the rescue.

Speed and Efficiency

One of the primary advantages is our speed. When you’re competing in a fast-paced market like Austin, having access to quick financing can make all the difference. Our lenders understand the urgency of real estate transactions and can provide funding in a matter of days, not weeks.

Flexible Terms

Unlike conventional lenders, hard money lenders are more interested in the value of your property and its potential for profit than your credit score or financial history. This flexibility in lending criteria allows investors to secure loans even if they have less-than-perfect credit or are self-employed.

Tailored Solutions

Every real estate deal is unique, and hard money lenders recognize this. They work closely with investors to create tailored loan packages that align with their specific investment goals. Whether you’re flipping a house, buying a multi-unit property, or investing in commercial real estate, this type of loan can be customized to meet your needs.

Investment Property Expertise

We often have a deep understanding of the local real estate market. They can offer valuable insights, helping investors make informed decisions and maximize their returns. Their expertise can be especially beneficial for those new to the Austin market.

 

 
 
 
 

Documents Needed For All Loans:

  • A copy of your current Drivers License and Social Security Card
  • Most recent 30 days worth of pay stubs
  • Most recent 60 days worth of bank statements. (If using retirement funds, please provide terms and conditions of withdrawal)
  • Most recent 2 years W-2’s (please provide signed and dated Year-To-Date Profit and Loss statements if self-employed)
  • Most recent 2 years IRS tax returns (both personal and business, all pages, all schedules please)

Funding Guidelines

Hard Money Investment Properties

  • 6-60 Months based on qualifications & project
  • Up to 80% ARV (After Repair Value)
  • Funding Amounts$2,500 – $5,000,000
  • Pre-Payment Penalty: None
  • Lien Position: 1st
  • Time to Funding: 5-10 Business Days (Standard)
  • Fast Track Funding: As Few As 4 Days



Funding Use

Purchase | Refinance | Renovation | Bridge