Texas No Points Hard Money Loans

TEANECK, N.J. - Dec. 23, 2019 - PRLog -- AccoLend is a nation-wide private hard money lender that has made many loans in the great state of Texas. We provide no points hard money loans and all of our underwriting is done centrally in our headquarters.

Our ability to rapidly process hard money loans, ground up and joint ventures in Texas is unique. We have an infrastructure in place to process loans in 5-7 days in most (although not all) Texas counties. We have done business with many local appraisers and are in position to ask for expedited turn-around times for 1-4 family houses (commercial appraisals are more complex). We have developed a very reliable and professional network of local appraisers and can accommodate fast turnaround time. We know that speed is very important in the Fix and Flip business and we work hard to deliver a quick
response and lending.

Our lending process in Texas is based on actual cost as opposed to After Repaired Value. Loan to value for Fix and Flip loans is between 75%-85% of purchase price and rehab cost. Loan to value for Ground-up construction is up to 75% of Hard Costs. Our terms are robust yet flexible and we do not typically charge for short term extensions. Our bridge loans are twelve months long with minimum term of 6 months. We are the only hard money lender offering hard money loans without charging any points.

One thing to always keep in mind when it comes to Fix and Flip loans in Texas is to always make sure that your lender has the local knowledge to effectively respond to
your needs. This is especially important when it comes to ground-up construction or complicated condo conversions. We have been one of the top private hard money lenders in Texas and pride ourselves with being able to help so many Fix and Flip investors, brokers and developers.

To learn more, please visit https://accolend.com or call 201-643-6650.