hard money land loans

Land Loans from $150,000 to $3,200,000

Attn:  Anyone who is looking for a no nonsense, hard money loan for land...

From the desk of Tom Houvener:

Quit talking to middle men.  Talk with the decision maker.  Use my Private Funds for quick and common sense Hard Money Loans.

No up front Commitment Fees!

I am interested in lending my money for any "common sense" loan secured by real estate.

If you have been turned down by the bank because they didn't like the borrower or the property, then please keep reading...    Your loan could be closer than you think.

I only lend to people or properties that DO NOT meet the ridiculous requirements of a bank.

Here is the Deal:
  1. Your credit can range from horrible to great.
  2. I will lend on any type of land (lots to acreage).
  3. Cash back refinances or purchase transactions.
  4. I will lend between 40-50% of the purchase price.  If you have owned the property for over 1 year then the "as-is" appraisal value is key.
  5. I have to be in 1st position, the seller can carry a 2nd position loan.
  6. I do NOT make residential home loans unless it is on 25 or more acres.
Typical Loan Terms:
  1. 10.95% - 14.95% interest rate
  2. 1 year balloon date on the loan.
  3. 4-7 points deducted at loan closing.
  4. Appraisal to verify property value must be ordered by my office.  Borrower will need to pay for the appraisal up front directly to the local appraiser I choose.

Are you thinking to yourself: "Man, this sounds like expensive money..."

It all gets back to the bank red tape, hoops to jump thru, and related bank issues they would put you through.

The tradeoff for NOT having to go through the bank nonsense, is that my money is much more expensive.

The good news is that my money is still far less expensive than a bringing in a partner...

How do you proceed?

  • Call me and we can chat about your loan.   1-800-901-9301
  • I will tell you exactly what loan terms I can offer for your particular
    situation.  If I cannot offer you a loan, I will tell you within the first few minutes.
What I need:
  1. A standard hard money application on the individual borrowers (if married both spouses).
  2. A copy of the Purchase & Sale Agreement (if a purchase transaction).
      Additional items that would help me make a lending decision:  Pictures, any old appraisals.
      Fax or email this information to me: 
                      fax:  1-800-901-9302     email direct to Tom

The loan in Process:
  • I would issue a Letter of Intent based on the facts of your application.
  • I would then order title work and appraisal from an office local to the property.
  • You will need to pay for the appraisal up front to the local appraiser I choose.
  • Once the appraisal of the property and the title work is delivered to my office, the closing documents will be prepared and loan closing will be set up usually within a day or two. 

    Understand, I am assuming that there are NO surprises on the title work or appraisal.
  • Loan closes, funds disbursed.  Quick easy, common sense.
What I don't do:
  1. NO Bank Red Tape.
  2. NO Loan Committees.
  3. NO Tax Returns or Bank Statements.
  4. I CANNOT Make a residential home loan.
It's my money and my decision to give you a loan.  If it makes sense, I am interested...
I can and do work with brokers.  If you have clients who need a no doc, hard money land loan, let's chat.

A Recent Funding...

Florida - mixed use (retail with 6 apts)
  • Cash back refinance 47% LTV, loan amount of $844,000
  • 12.95% interest rate, 5 points for the money
  • No tax returns or bank statements needed.
- Claire Dennison, Florida

I am simply interested in lending my money for "common sense" loans for your land deals.
  No red tape involved. 

A Recent Funding...

Warehouse in Marion, IN
  • 52,000 square foot warehouse
  • $250,000 cash back refinance
  • Property in process of being sold - cash back loan to the seller
- TI LLC, Marion, IN

Hard Money Loan:   If you have large EQUITY  in the real estate, I will lend you my money.

I don't place an emphasis on your credit score or your debt/income ratio's (that's all bank nonsense...)

But understand, this is an equity based hard money loan, it is NOT a stupid money loan.

I do not make any loans if the borrower lives on the property, unless the property is 25 or more acres in size.

The top reasons my hard money will not work for your situation

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Personal side note:   Feel free to call me.  I am a "real" person.  Some days I
am warm and fuzzy.  Other days I may be chatty and funny.  At other times I will
be short and sweet. Occasionally, I will be gruff and ornery.  Rarely, I wll be a complete pig.

Mostly, I am here to tell you within 2 minutes whether or not we have a "fit."   If it ain't 
gonna work, I will tell you right away, wish you good luck, and send you on your way.

If you don't like the Seahawks I won't hold it against you,
Tom Houvener

Free Report - Secrets of a Hard Money Lender
 
Go "inside" the head of someone making a "yes" or "no" lending
decision every day.
 
Name:
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(we always protect your privacy)

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Hard Money Only
1501 Fourth Ave. #1900
Seattle, WA  98101
800-901-9301 phone
800-901-9302 fax


If you don't want to talk to me,  you can always
email me a summary of your loan scenario.  I usually always reply back.