Hard Money Lending | Little City Properties

HARD MONEY – PRIVATE MORTGAGE LENDING – AUSTIN TEXAS

Little City Investments is our sister company that makes hard money loans to real estate investors. These are short term, high interest loans. Typically they only make sense for investors that are getting an excellent value and plan to resell or refinance in 3 to 12 months. If you can qualify for a traditional mortgage, it will nearly always be less expensive than a hard money loan.

We are actively looking for more hard money loans. Please contact us directly if you have something you’d like financing for. We aim to give you a yes or no on your deal within 24 hours, and funding is typically available same day or next day. We are extremely straight forward and easy to work with if you bring us a deal that’s well-researched and genuinely worth investing in.

We are most familiar with central Austin, and deals in Austin proper will receive the quickest response time. However, we will consider anything in Texas.

BORROWERS – HOW IT WORKS – TERMS

13% and 4 points
12-month term
$500 processing fee only (no junk fees)
No appraisal required
Interest-only payments (monthly)
70% maximum loan to value
No out-of-pocket funds required (other than monthly interest) as long as you meet the LTV requirement. No personal credit check; loans are made solely based on the value of the property.
Email us your executed contract and property details. We’ll need the address of the property and any supporting information including your exit strategy.

HARD MONEY – LENDER INFORMATION

Wish you could invest in real estate without having to own or manage property, while earning tax-exempt or tax-deferred income?

Financial planners are increasingly recommending that investors buy property using an individual retirement account to earn tax-exempt or tax-deferred income. Creating mortgages is a way to invest in real estate without actually having to own and manage the property. More and more investors are combining the two: using traditional and Roth IRAs to create mortgage notes.

Contact us for more information on how private mortgages work, testimonials from our current investors, returns paid this year, and much more valuable information about the program.

Our investors earn 10% or more and most are paid off within 6 months. All loans are secured by real estate and made at a loan to value ratio of 75% or less, making for an unusually safe investment. There are no additional fees or costs to you.

This is just an introduction to hard money, for more details and information, please see our hard money lending website, LittleCityInvestments.com.