Simply put, Houston hard money lenders offer loans at higher interest rate than that of a bank. These loans, offered by hard money lenders in Houston are typically meant to last a much shorter period of time vs. a conventional loan that can last 15-30 years.
People who invest in real estate or have different real estate projects may need a quick cash infusion to fund these projects and can justify paying more interest using hard money loans. Once the project is over, the borrower can pay off the loan and factor the cost of this money into the project’s economics.
GLL Holdings has the liquidity to be able to move nimbly and provide the money quickly by way of banking relationships and in-house cash. Our underwriting department is seasoned and well organized so we can evaluate your project and decide swiftly on a loan.
