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Updated about 6 years ago on . Most recent reply

User Stats

46
Posts
7
Votes
Hament Raju Mahajan
  • Investor
  • Sanfrancisco , CA
7
Votes |
46
Posts

License for Hard money loan with Texas collateral

Hament Raju Mahajan
  • Investor
  • Sanfrancisco , CA
Posted

For a business purpose loan secured by a residential (1-4) or a commercial property located in Texas, does the lender need any license?  

Loan amounts  300K to 1M

Any Usury limits ? 

Please provide a good transactional attorney referral for handling the Texas  transaction,  doing loan docs etc.

We are currently based in California with CFL  California finance lenders license 

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