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Equity Lenders Group in Austin, Texas, is the area's leader for property owners seeking hard money loans, private loans, and equity loans. Our loans are privately funded using in-house underwriting and appraisals. With more than 8 years in the business and 20 years of experience, we offer a simple approval process without payment of due diligence. We are a self-funded business. Services and facts include:
• Hard Money
• Bridge Loans
• Privately Funded
• $25,000 to $2,500,000 |
• 6- To 24-Month Term
• 12% to 17% Interest Rate, Interest Only
• Quick Close
• In-House Approval & Underwriting |
Equity Lenders Group Hard Money Loan Guidelines
We will consider first liens on raw land, commercial buildings, and warehouses. We will not consider new construction, rehab, or renovations. Depending upon project dynamics, sponsor suitability, and deal structure, rates will fall between 12% and 17% on a fixed rate, interest only basis. Terms are 6 months up to 24 months with a minimum 6-month interest guarantee. We fund up to a maximum 65% LTV. Transactions are based on Equity Lenders Group valuation of all underlying collateral. Origination fees vary based upon loan term and may be waived in lieu of increased coupon.
Time Frame of Our Services
Equity Lenders Group typically closes and funds inside of 30 days with some transactions able to be closed within 5 working days. Appraisal and phase I may be required.
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