We offer hard money loans to real estate investors in Texas and Tennessee. We can offer 100% financing for fix & flip projects, up to 70% ARV.

  • NO Credit Check
  • NO Appraisal
  • NO Background Check
  • NO Survey
  • NO Pre-inspection
  • NO Pre-Pay Penalty
  • NO Upfront Fees

Pricing is typically 12.25% interest only for 6 months with options to extend every 3 months if loan is in good standing. 2.5 points plus $1,500 processing fee.

Property Geographic Area Details

Texas - all metro areas, Tennessee - all areas except Memphis , Florida - all metro areas.

Loan Amounts

$20,000 to $3,000,000

Interest Rates

10.25% to 12.25%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

100.00%

Origination Fees

2.5% to 4.5%

Loan Terms

1 months to 12 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Improve Subject Property
  • Value Add Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
Minimum Occupancy Percentage

0%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Bed and Breakfast
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Golf Course
  • Hospital
  • Hotel
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • RV Park
  • Ranch
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

60.00%

Max LTC for Land Acquisition

58.00%

Purchase Loan

Max Loan-To-Purchase Price

100.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Seller Financing
  • Family

Rehab Value Add Loan

While will will fund up to 100% of purchase and rehab costs for flip projects, we do require the borrower put some percentage of the costs in escrow. 50% of that money will be returned to the borrower half way through the rehab project, and the rest will be returned upon the rehab project completion.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

4

Maximum After Repair Value

70.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

90.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Payment Structure Details

payment due on 1st of every month

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Appraisal Required for Residential Property

Never

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Processing Fee

$1,500

Documents Fee

$550 if not on a rush

Extension Fee

1 point

Fees which are mandatory for all new borrower clients

  • Documents Fee

Fees which are paid to a third party company

  • Documents Fee

Additional Details

Origination Points and other fees to be paid at closing. While will will fund up to 100% of purchase and rehab costs for flip projects, we do require the borrower put some percentage of the costs in escrow. 50% of that money will be returned to the borrower half way through the rehab project, and the rest will be returned upon the rehab project completion.

We offer Hard money loans to investors that are looking to acquire real estate. We can Offer 100% financing and There is

NO Credit Check
NO Appraisal
NO Background Check
NO Survey
NO Pre-inspection
NO Pre-Pay Penalty
NO Upfront Fees

We provide and excellent Alternative investment vehicle for our private investors. We pay a guaranteed 8% return on any money invested.

In addition to our wealth management division we buy houses from clients needing to sell their homes quickly, for a fair price with little hassle. Our focus area is the DFW Area including Dallas County and Collin County, in cities such as Frisco, Plano, McKinney, Richardson, Carrollton, Garland, Farmers Branch, Mesquite, Rowlett. The types of houses we buy range from older homes, ugly homes, pretty homes, expensive homes, nice homes – just any home you need to sell quickly and efficiently. When you sell your house fast to us, there are NEVER any fees, commissions or other charges

Company Size (Number of Employees)

4

Year Established

2005

Office Locations

CR LENDING
130 N Preston Road, Prosper, TX 75078

Primary Capital Source

  • Own Funds
  • Single Capital Partner

Alternative Capital Sources

  • Own Funds
  • Individual Investors
  • Bank Credit Line

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • One Investor One Loan

Alternative Loan Structures

  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note

Percentage of company’s lending business focused on private mortgage

98%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Residential Real Estate Investing

Percentage of Loans Secured by Residential Property

100%

Percentage of Residential Property Loans Which are Fix and Flip

95%

Percentage of Residential Property Loans Which are Buy and Hold

5%

Percentage of Loans Secured by Land

1%

Total Number of Loans Funded to Date

1000

Total Loan Volume Funded to Date

$40,000,000

2017 Number of Loans Funded

200

2017 Loan Volume Funded

$20,000,000

Brent Conrad

Owner

I started in the real estate business around 18 yrs old . I bought my first rental property and thought i was king .... LOL ! I ended up only making $75 per month cash flow ! I had been dating my girlfriend since 14 yrs old ( now my wife ) and was always friendly with your parents neighbor when pulling up to my inlays house . She always saw me in different cars because I flipped classic cars to make money when i was younger . She approved my and said " hey your probably a good salesman, why dont you come work for this company I work at ? " At the time it was pretty much a no brainer since i was flipping classic cars and had my release license for 1 year and had made NEGATIVE -$6,000 on real estate funds my first year! So I went in for the interview and found out real quick in life it it WHO you know , not WHAT you know! I found out you needed a 2 year work history in the field and a college degree. Neither of which i had! But they took a chance on me and i was hired! It was in the subprime mortgage industry and just when I started to make some really good money ,the mortgage crisis hit and the company went out of business. I was bummed, But there was a awesome silver lining..... I met my boss and group of friends which turned out to be my best friend and friends, and still are to this day ! So after the company shut down , I went and tried to be a retail loan officer for 1 year and again .. Made nothing! But during that year, a "cash for houses" type company called me and wanted to know if i wanted to buy the rights to the Houston market, I told them" sounds interesting , but I live in Dallas, i can't do anything with that. Call me when Dallas is available. So I really wanted to buy distressed homes , but i just needed them in my backyard. So a few weeks later, they called back and said Dallas was available ! I bought he rights to the DFW market, and sure enough , sellers started to contact us wanting to sell their homes at discounted prices. There was one problem though. I had some money saved up from buying and selling classic cars. But not enough to buy a home for cash. So here's what I did, I would write a contract on a home at $50,000 that is worth $100,000. I would then sell / assign my rights to the contract to another fellow investor for $5,000 or $55,000 total. So seller was happy because they got $50k, investor was happy because they got a $100k home for $55k and I was happy because i made $5,000 with out having to send a dime! Now this was fine and dandy for a year or two, but then i realized how much money i was leaving on the table by not renovating them and selling them retail. So after saving money i started actually closing on the homes and rehabbing them . I was doing 4-6 simultaneously. If you have ever seen any of the TV shows like flip or flop or flip that house , etc..etc.. I was doing the exact same thing, just not on TV. So after many successful years of flipping homes, to be honest , i got burnt out . So i had home that i bought and was about to rehab and thought, let me try to sell it as-is to another investor. So listed it on the local MLS and a buyer came along and made an offer, But he was getting a hard money loan and not paying cash. So i asked him how much his lender was charging him and he said 14% and 4 points. I said since i already own the home , how about i do 12% and 2 points. He said ok, we had a deal and closed on the home with me as his bank. So after that a light bulb went off and i thought... hey! I should just be bank for local flippers and make interest on my money. So i started a hard money lending company and that is our main focus, although i still buy and sell homes, and have a rental portfolio.

Investing with CR Lending has been one of the best decisions we have made.

Investing with CR Lending has been one of the best decisions we have made. It has allowed us to take an early retirement. Last year we made $74,681.07!!! We are on track this year to make over $90,000! And we don't have to do anything! They have delivered as promised since our first investment in 2009 which has allowed us to continually increase our investment with them. Dave and Gilda

Frisco Tx

This is so much better than my money sitting in the bank

I am so thankful that my father invested with Brent/CR Lending and introduced us! I have had nothing but the best experience and have always been paid on time. This is so much better than my money sitting in the bank and earning almost no interest. Brent's platform is safe, secure, and yields a high return. Karen P.

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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