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Updated almost 10 years ago on . Most recent reply

User Stats

60
Posts
5
Votes
Andrew B.
  • Fort Worth, TX
5
Votes |
60
Posts

Lender needed for Texas

Andrew B.
  • Fort Worth, TX
Posted

I am in the process of expanding my list of hard money lenders. Does anyone have any recommendations they wouldn't mind sharing with me? Any help would be much appreciated!

Thanks in advance!

Most Popular Reply

User Stats

588
Posts
224
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Shawn Thom
  • Investor
  • McKinney, TX
224
Votes |
588
Posts
Shawn Thom
  • Investor
  • McKinney, TX
Replied

I'd strongly encourage you to just open up the yellow pages and call every local bank in there.  You can find some MUCH better rates than what have been listed here.  Also, some of the bigger wholesalers will send out stuff with all their "preferred vendors" on there.  If any of those on there are banks, their rates will typically be better than hard money rates.

I did 14% interest once, it was one of the most stressful thing i've ever done in this business.

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