In need of a hard money loan in Houston for real estate purposes? Then GL&L Holdings is here to help. We offer hard money loan programs intended to help every individual. We know how difficult it can be to receive a real estate loan quickly, but we know that the home you are looking to buy isn’t just going to sit around until you can get the funds. You need your money now. Our loans are here to assist you in that process.
That said, we can’t just give out a hard money loan to anyone. We will need you to assist us in assisting you by providing as much information as possible about your loan application process. This may include your current financial situation and what you will be using the loan for. This vetting will make the eventual process of sending out the money smoother.
To apply for a loan with GL&L Holdings we suggest that you first organize as much information together as possible. The more we know the easier it is for us to give you a loan applied to your specific information.
Some of the information we will need for this loan include:
- Type of property
- Reason for the loan
- Are repairs needed?
- When do you need to close by?
- How you plan to pay the loan back
If you are applying for a loan with us then please fill out our prequalification form online. With this we will be able to assess what kind of loan you qualify for.
After you have applied for your loan, and we’ve gathered all of the information we can, we’ll give you the details on what your loan will look like. It will likely fall into one of these Loan Programs:
Residential and Commercial Investment Properties (Non-Owner Occupied)
- 70% Max LTV
- 9.9% – 13.5% Interest Rate
- 2.5 to 5.0 Origination Points
- 20 Year Amortization
- 1-3 Year Balloon Terms
- Escrow Taxes and Insurance
- $30k to $1 Million Loan Amounts
- 7-15 days Closing
Cash-Out Loans
- 70% Max LTV
- 9.9% – 13.5% Interest Rate
- 2.5 to 5.0 Origination Points
- 20 Year Amortization
- 1-3 Year Balloon Terms
- Escrow Taxes & Insurance
- $30K to $1 Million Loan Amounts
- 7-15 days Closing
Residential Rehab Loans
- 70% Max LTV
- 9.9% – 13.5% Interest Rate
- No pre-payment penalty
- 2.5 to 5.0 Origination Points
- 6 – 36 Months Amortization
- 100% Max LTC
- Escrow Taxes & Insurance
- $30K to $1 Million Loan Amounts
- 1-3 Year Balloon Terms
- 7-15 days Closing
Residential Construction Loans
- 70% Max LTV
- 9.9% – 13.5%% Interest Rate
- No pre-payment penalty
- 2.5 to 5.0 Origination Points
- 6 – 36 Months Amortization
- 100% Max LTC
- Escrow Taxes & Insurance
- $30K to $1 Million Loan Amounts
- 1-3 Year Balloon Terms
- 7-15 days Closing
Have more questions about our hard money loan program? Feel free to contact us by calling GL&L Holdings at (832) 770-9415 or use our online contact form. You may also read through our Frequently Asked Questions to get you started.
Don’t like what we’re offering? Shop around. You aren’t going to find a better deal than the real estate loans we offer here at GL&L Holdings.