Private Money Loans
We are Texas licensed private hard money lenders with more than 30 years of experience. We are ready to help you secure the loan you need in as little as 3 days. We provide hard money loans in Austin with an established record of success. Operating from our own cash reserves, we can help you to drastically reduce waiting time so that you can move on that valuable property right away, without dealing with a middle man.
How are Austin hard money loans structured?
The aim of hard money loans is to provide the money you need as quickly as possible. Private money lenders like Lantzman Lending understand the importance of moving fast to close a real estate deal and that’s why we offer some of the most fair, cost effective hard money loan terms you’ll find anywhere. All of our hard money loans are carefully structured to reduce waiting time and speed up the closing process.
Each loan is tailored to meet your individual needs, but here’s what you can generally expect with hard money loans from Lantzman Lending:
- Financing that ranges from $50,000 up to $3,000,000+
- Up to 65-70% ARV; Up to 85% Acquisition + 100% Rehab
- First position loans for non owner occupied (NOO) properties only.
- 6-24 month terms (longer terms considered on a case by case basis).
- Interest rates from 7.99%
- Loan origination fees vary depending on length of term
- No prepayment penalties
From Formula One racing to one of the richest selections of restaurants and food trucks in the country, there is so much to love about Austin and so many unique real estate opportunities for both residential and commercial investors. Austin has become known as a center of technology and business, with several companies including IBM and Amazon having regional offices here.
Commercial hard money loans can help you to get in on the burgeoning business scene in downtown Austin and that’s why you need a lender who understands what it takes to succeed in a competitive real estate market. At Lantzman Lending, we’ve been providing hard money loans for years and our goal is to make the process as smooth as possible for our customers. We have the ability to draw finances from our reserves, which puts you in the driver’s seat by eliminating the need for a middle man.
Our Easy 4-Step Process
How can I get approved for an Austin hard money loan?
Getting approved is almost always the most difficult part of securing a loan, but it shouldn’t have to be. At Lantzman Lending our primary focus is on making the approval process as easy as possible. Whether you’re looking for commercial or construction hard money loans, all you need to do is fill out our online pre-approval application and you’ll get a response within 24 hours. With an average closing time of 5 to 7 business days, you’ll have the money you need in no time. If you have all your documentation ready beforehand, we may even be able to close in as little as 3 days. Each loan is handled with care and we’ll do everything we can to accommodate any special requirements.
In order to streamline the approval process we focus primarily on the strength of the loan and the collateral rather than your financial history. Issues like limited income, low credit score, past foreclosures or bankruptcies that would hold up traditional loans won’t be a problem when you secure a hard money loan with us.
What kind of loans are available in Austin?
Lantzman Lending offers a wide variety of hard money loans for properties in Austin, including:
Fix and flip properties or rehab:
single family, multiplexes, condominiums or apartments
multi-family units, office spaces, industrial zones, hotels, motels or restaurants
Probate, Trust & Estate
What is the cost of a hard money loan in Austin?
The average hard money loan amount in Austin is around $292,000. Of course, specific amounts will vary from one case to another and from one lender to another as well. At Lantzman Lending we offer competitive rates on all of our hard money loans and we’ll do everything we can to speed up the process so you can get the money you need as quickly as possible. We don’t think a lack of funding should ever prevent you from following through on a real estate deal, so we’ll do everything we can to help you beat the competition.
Will a low credit score prevent me from getting a hard money loan in Austin?
A low credit score can stop a traditional loan in its tracks, but with a hard money loan from Lantzman Lending a low credit score is no longer a problem. We have no minimum credit requirements or income threshold requirements, so there’s nothing standing in your way when it comes to securing that property you want.
So how can we provide funds so quickly and easily? As private money lenders we focus on the collateral you provide, such as retirement accounts, home equity, cash or, of course, the property itself, instead of relying on your financial history. By eliminating intrusive credit and background checks, we can expedite loans much faster and with far fewer headaches.
With a median home price of $681,389, the Austin real estate market can be very competitive, which means you need to move quickly to close on a deal. Austin hard money lenders can give you the advantage with quick approval, regardless of your credit score. Lantzman Lending is ready to be that lender for you, taking the stress out of financing and helping to make your Austin real estate dreams come true.
Lantzman Lending offers the following loans to real estate investors:
Would you like to have more information about our loans?
Need Help With A Hard Money Loan? Let Us Know.
Recently Funded Deals in Austin Texas
We think our investors did a fantastic design on this remodel in Los Angeles. What an incredible transformation by our borrowers on this Mid Century gem. They received multiple offers in less than a week. Lantzman Lending provided a $980k loan and it sold for $1.495M after renovations!
Take a look at this unique Fix and Flip in Los Angeles, California. This 4 bedroom, 3 bath home has been fully remodeled and sits near the heart of Culver City. Purchase Price: $950,000 | Loan: $945,000 | Sale Price: $1,4000,000
This Los Angeles, CA Fix and Flip was purchased for $520,000. We funded a loan of $400,000 which included 100% of the repair costs. Our Borrower remodeled and resold the property for $680,000.
This Los Angeles, CA Fix and Flip was purchased for $541,000. We funded a loan of $482,000 which included 100% of the repair costs. Our Borrower remodeled and resold the property for $848,000
We’ve built a reputation for reliable, competitive and consistent service, as reflected by regular four and five star reviews at Google and Yelp. We’re proud of that record and continually work to be a name you can trust when it comes to hard money loans. With quick turnaround times and quality service Lantzman Lending can help you get your real estate investing dreams off the ground and soaring towards the good life in Austin Texas.