Direct Hard Money Lender for Investment Real Estate

We offer hard money loans to real estate investors in Texas, Tennessee and Florida. Loan types include a purchase bridge loan, refinance bridge loan, equity cash out, rehab, and ground-up construction.

100% Financing for Rehab Projects
We can offer 100% financing for fix & flip or rehab & rent projects, up to 70% ARV. We’ll fund 100% of the purchase and 100% of the rehab costs. The borrower just needs to pay points, processing fee and closing costs when the loan closes.

  • NO Appraisal for residential properties in Texas, as long as we can pull comps
    • (commercial property is case-by-case)
  • NO Credit Check
  • NO Background Check
  • NO Survey
  • NO Pre-inspection
  • NO Pre-Pay Penalty
  • NO Upfront Fees

Please Note: We do NOT offer loans for owner-occupied homes (homesteads) or consumer purposes.

Property Geographic Area Details
Texas, Florida, Tennessee (except Memphis), and Oklahoma
Loan Amounts
$20,000 to $3,000,000
Interest Rates
10.25% to 12.25%
Loan Terms
1 months to 12 months
Origination Fees
2% to 4%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 100%
Max LTP Multifamily: 100%
Max LTP Commercial: 100%
Max LTP Land: 100%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%
Max LTV 1st Lien Land: 50%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%
Max LTV 1st Lien Land: 50%
Residential Fix & Flip
Max LTP: 100%
Max LTC: 100%
Max LTARV: 70%
Residential Rehab & Hold
Max LTP: 100%
Max LTC: 100%
Max LTARV: 70%
Multifamily Value-Add
Max LTP: 100%
Max LTC: 100%
Max LTARV: 70%

Property Types

  • 2-4 Units Residential
  • Agricultural
  • Assisted Living Facility
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Covered Land
  • Event Center
  • Golf Course
  • Hospital
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Timberland
  • Winery

Loan Types

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

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Agricultural Land
  • Special Purpose Land
  • Cannabis Use Land
  • Covered Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

50%

Max LTC for Land Acquisition

100%

Max Loan-to-Purchase Price

100%

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
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%

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%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Processing Fee

$1,500

Documents Fee

$550 if not on a rush

Background Check Fee

25

Background Check Fee

25

Extension Fee

1 point

Renovation Construction Draw Fee

150

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Documents Fee
  • Inspection Fee
  • Background Check Fee
  • Extension Fee

Fees which are paid to a third party company

  • Documents Fee
  • Legal Fee
  • Inspection Fee
  • Background Check Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

2

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
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

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

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.

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

 – NO Application
– NO Tax Returns
 – NO Credit Check
– NO Appraisals
– NO Pre-Inspection
 – NO Prepay Penalty
– NO Upfront Fee
– NO Survey
 – NO Bank statements
– NO Employment

 

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
  • Individual Investors
  • Single Capital Partner
  • Crowdfunding
  • Private Equity Funds
  • Friends & Family
Alternative Capital Sources
  • Own Funds
  • Individual Investors
  • Bank Credit Line
  • Crowdfunding
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
Percentage of Loans Secured by Residential Property

100%

Total Number of Loans Funded to Date

1000

Total Loan Volume Funded to Date

$40,000,000

Our Team

Brent Conrad

Owner

Get In Touch

CR Lending pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$20,000

What We Do

  • Lending to Investors in TX, TN, FL, OK
  • Up to 100% LTC for Flip Projects
  • Up to 70% LTV for Bridge Loans

Not Available

  • NO Owner-Occupied Homes

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