Hard Money

What is Hard Money Loan?

Is a short-term real estate investment loans for the purpose of repairing a distressed property for quick sale on the market.

Others also call them to fix and flip loan, as in house flipping. You can use these loans to quickly purchase, repair, and sell the property at a profit.

Before you start with your hard money loan, we highly recommend you learn the pros and cons of hard money loans. The more you know, the better your investment will be.

Get ahead of the game before going in blind.


1.       Easy to Start

If you’re just jumping into the whole real state thing, a hard money loan is a great way to start out. They’re great for anyone to get involved with real estate investment.

2.       High Loan Value

Instead of your credit worthiness, your hard money loan value is determined by the ARV, (After Repair Value), of the distressed property. The proposed rehab will determine the ultimate value of the loan.

3.       Includes Closing Costs

Hard money loans often  includes real estate closing costs.

4.       Quick Process

You can close a hard money loan in as little as 10 business days. That’s nice, especially if you want to invest quickly.

5.       Less Rigid

The terms may be open to negotiation.  This is also nice, especially if you need a leg up to get in the game.

6.       High Approval Rate

Collateral (value of the property) is more important than a credit score (likeliness to repay loan). This tends to produce a higher approval rate than a traditional mortgage.

7.       Pay as You Go

You only start paying interest on money drawn from a loan as work is completed, meaning you can take it at your own pace.

8.       Multi-Tasking

More experienced investors can flip more than one house at a time. With a large enough loan, you can purchase multiple properties and repair them before putting them back on the market.


1.       You Need Skills

Investors need to be well-organized and talented at spotting good real estate opportunities. Once you’re able to keep your rehab on time and under budget, you’ll quickly be on your way to enjoying the fruits of your real estate investment.

2.       High Interest

Hard money loans have a  high interest rates.  Fortunately, this encourages efficient repair and a quick sell.

3.       Speed

Repairs typically need to be complete within the first 60 days. This can be challenging if you have multiple properties to work on. If this is you, you may want to consider bringing on a partner to help fix and flip multiple properties at the same time.

4.       Cash on Hand

Repair work must pass inspection before you can draw reimbursement from loan, so you’ll need some cash reserves on hand.

Contact GL&L HOLDINGS, LLC for Your Hard Money Loans

In case you didn’t notice, the pros of successfully managing a hard money loan outweigh the cons.

If you’re ready to start in on a real estate investment, contact GL&L HOLDINGS . We’ve been lending in Texas since 2011.

Call us today at (832) 770-9415 to discuss your financing needs.

You can even submit your credit application  online to start the credit approval process and get on with your project ASAP.

Get the loans you need with GL&L HOLDINGS and start your real estate investment today!

Need Funds For Your Next Project?

 We lend up to 70% LTV

1st Trust Deeds only, no 2nds

 No down payment required- Depending on actual LTV ratio

 Origination fee 2-4%

 Admin, legal, appraisal, & survey fees additional

 15-25 year amortized loans available

 Will issue a Letter of Intent within 24 hours after receiving your loan application

 Terms are generally from 1 to 3 years interest only

Funding usually occur within 10 days after appraisal


 “Shop other lenders in Houston and then let GL&L match or beat their offer”