Hard Money lenders El Paso, TX

Home > Hard Money > Texas > El Paso

LendingOne – Best Hard Money lenders near El Paso

LendingOne is a Texas private money lender offering short-term mortgage loans to real estate investors in TX - AmarilloAustinBeaumontBrownsvilleCarrolltonCorpus ChristiDallasEl PasoFort WorthFriscoGarlandHoustonIrvingLaredoLubbockNortheast TarrantNorthwest HarrisPlanoSan AntonioSoutheast MontgomeryVictoriaWaco. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.

Ready to get started on your Hard Money loan?

Get ahead of the competition in the El Paso real estate market. Speak to a Hard Money expert today by calling 866-918-1974

Get a Free. No Obligation. Instant Rate Quote Today!

Get an Instant Rate Quote

Hard Money lenders near El Paso, TX

For investors looking for real estate financing near El Paso, TX for their investment deals, finding the right hard money lender or private money lender is essential. Locating a hard money lender in your state who understands the El Paso, TX local market for fix and flip or rental deals will make it even easier.

What is a Hard Money Loan?

A hard money loan is a type of loan that is issued to investors based on the “hard asset” or the property itself. While hard money lenders do take into consideration additional factors like the individual borrower’s credit, experience, and income, these are not as high a priority when determining the borrower’s eligibility and loan amount. Hard money loans typically come with much higher interest rates, sometimes anywhere between 8% and 14% and have shorter terms of around 12 months. This is a much quicker form of funding, with loans capable of being issued within days to weeks instead of months.

Who Provides Hard Money Loans in El Paso, TX?

Hard money loans are funded through private investors, smaller companies and businesses near El Paso, TX. Traditional lenders such as banks will not issue hard money loans.

El Paso Hard Money Real Estate Market

Foreclosure Rates for El Paso, TX

For El Paso, TX real estate investors interested in locating deals for fix and flip investments that they can purchase inexpensively with Hard Money lenders loans, renovate, and sell for a profit, analyzing the number of foreclosures, auctions, and bank-owned properties is extremely helpful. Due to high competition for these types of properties, investors will appreciate the speed that Hard Money lenders loans offer when they are trying to close on a property ahead of another investor.

Get 5 Steps Closer To Growing Your Fix and Flip Business near El Paso

  • Advice on searching for a property to fix and flip
  • Ways to get organized before beginning
  • What to expect during the project
  • Recommendations for when you’re ready to sell
Free Download
Fix and flip tips free eBook

Sales Prices for El Paso

Real estate investors purchasing homes using Hard Money lenders loans in El Paso, TX should look at the data available to get a good idea of whether the market is prime for buyers or sellers. Determining the demand for housing will help with pricing their property accordingly, and knowing how much money for purchase and repair costs they’ll need from their Hard Money Lender.

Rental Prices for El Paso

With home values having increased over the last few years in El Paso, TX and expected to continue in this direction in the future, purchasing a rental property with Hard Money lenders loans in the El Paso, TX area will allow for both stable monthly cash flow and a steady appreciation in value.

Driving Factors for the El Paso Real Estate Market

Education: El Paso is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the El Paso, TX area.
Economy: El Paso’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the El Paso Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.

Call Now Button