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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. A tangible asset guarantees them and offers 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 these loans, you can make your purchase quickly with less scrutiny than if there were other types of loans.
Zeus Lending specializes in providing 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 nontraditional, short-term loan option that lends money to people or private lending companies secured by collateral, typically 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. The value of the collateral or asset backs these loans. If a borrower defaults on these loans, the lender takes ownership of the asset.
Advantages
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 rehab loans.
Short Terms: These 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. These 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
These type of 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 you 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 today’s competitive real estate market, traditional loans just don’t always cut it. They’re often slow, bogged down with endless paperwork, and not designed to meet your specific needs. That’s where we step in with Austin’s hard money loans—fast, flexible, and tailored to help you seize opportunities when they matter most. Let us be the solution you’ve been looking for!
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
We do things differently from traditional lenders. Instead of focusing on your credit score or financial history, we’re more interested in the value of your property and its potential. Our flexible approach makes it easier for investors to secure the funding you need. We’re here to help you succeed!
Tailored Solutions
We know every loan deal is unique, and that’s why we are here to help. We work closely with investors like you to design loan packages that fit your specific investment goals. Whether you’re flipping a house, purchasing a multi-unit property, or investing in commercial real estate, we will make sure your loan is customized to meet your needs perfectly. Let’s make your next investment a success!
Investment Property Expertise
We take pride in our deep understanding of the local real estate market. Our insights can be a game-changer, helping you make smart, informed decisions and get the most out of your investments. Whether you’re a seasoned investor or new to the Austin market, our expertise is here to guide you every step of the way. Let’s make your investment journey a success!
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
The areas we serve near Austin include:
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