Texas Construction Loans
The Texas construction loans that we provide access to are “Asset Based Loan”. Unlike the banks, our asset-based construction loans are lent based on the After-Built-Value or After-Repaired-Value of the project’s real estate asset – not the borrower’s credit history. So while regulations confine banks to only lending money to the people who don’t need it, we find Texas construction loans for the people who need funding for good investment projects that make sense – regardless of their credit score.
Basic Qualifications: Borrowers should have experience in real estate construction / rehab / remodel / development / general contracting – or they must hire someone who is experienced to execute the construction project within the term of the loan. After submitting the construction loan application below, the lender may contact the applicant for more information, or to offer him/her a Letter Of Intent (LOI) that states the lender would like to begin formal underwriting for your construction loan – At this point there is no obligation for either the lender or the borrower to move forward with the loan process. If the borrower chooses to move forward with the loan underwriting process, it is his/her obligation to discuss loan terms and underwriting fees with the lender directly. The lender will notify the borrow of any additional documents required for formal loan underwriting.