Texas Equity Lending
San Antonio, Texas
Direct Hard Money Lender for Texas Real Estate Investors
Texas Equity Lending was established in 1989. We lend on many types of investment properties, including land and agricultural properties. We specialize in financing for individuals and companies whose needs are not fully met by traditional banks. Loan approvals have an emphasis on EQUITY not credit and income documentation. We have very quick response times and most conditional loan approvals are issued the same day as the loan submission.
We lend in the following Texas markets: San Antonio, Austin, Corpus Christi, Houston, Dallas, Fort Worth.
Please Note: We do not lend on owner-occupied homes (homesteads) or ground-up construction projects.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Property Types
- 2-4 Units Residential
- Adult Day Care
- Agricultural
- Assisted Living Facility
- Auto Dealership
- Auto Repair
- Car Wash
- Child Day Care
- Club
- Commercial Condominium
- Commercial Land
- Community Center
- Condominium
- Equestrian
- Event Center
- Gym
- Hotel
- Industrial
- Marina
- Mixed-Use
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Office
- Parking Lot
- Place of Worship
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- RV Park
- Ranch
- Recreational
- Rehabilitation Facility
- Religious Facility
- Residential Land
- Retail
- Senior Housing
- Single Family Residence
- Sports Facility
- Storage Facility
- Student Housing
- Timberland
- Vehicle Parking
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Commercial Bridge
- Commercial Long-Term
Specialty Loan Types
- Discounted Note Payoff
- Line of Credit Portfolio of Properties
- Line of Credit Single Property
- Note Purchase
- Partner Buyout
- Residential Long-Term Rental
- Residential Non-Prime
- Residential Short-Term Rental
- Vacation Rental
Agribusiness Types
- Cattle Ranch
- Citrus Grove
- Corn
- Cotton
- Dairy
- Equestrian
- Melons
- Peach
- Peanuts
- Potatoes
- Poultry
- Row Crops
- Swine
- Tree Nuts
- Vegetables
Land Types Considered
- Residential Land
- Multifamily Land
- Industrial Land
- Office Land
- Retail Land
- Hospitality Land
- Agricultural Land
- Special Purpose Land
Will Consider Land That is NOT Entitled
yesMax LTV for Land
60%Max LTC for Land Acquisition
70%Max Loan-to-Purchase Price
90%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Seller Financing
- Family
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
70%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
5Maximum After Repair Value
70%Processing Fee
included in underwriting fee
Documents Fee
$400-$800, as billed by our 3rd party real estate attorney
Settlement Fee
Per title company fees
Escrow Fee
Per title company fees
Title Fee
Per title company fees
Credit Report Fee
$50-$100
Appraisal Fee
BPO fees vary from $250-$500 typically. Full appraisals are as charged by that 3rd party vender. All appraisal and BPO feed collected upfront.
Environmental Report Fee
Collected upfront if required by lender.
Fees which are mandatory for all new borrower clients
- Underwriting Fee
- Processing Fee
- Settlement Fee
- Appraisal Fee
- Inspection Fee
- Escrow Fee
- Title Fee
- Credit Report Fee
Fees which are paid to a third party company
- Documents Fee
- Settlement Fee
- Appraisal Fee
- Escrow Fee
- Title Fee
- Credit Report Fee
Contact Texas Equity Lending
Stay Informed About Private Lending
San Antonio Based Hard Money Lender
Great Central Mortgage Acceptance Co. DBA Texas Equity Lending is a family-owned direct hard money lender (not a broker) based in San Antonio, Texas with more than 30 years of experience providing short-term and long-term loans for equity-based real estate loans to investors, developers, business owners. We understand the specific problems and needs of private money lending and focus on financing alternatives for companies and individuals unable to qualify for normal bank financing. We’re a hard money lender that can find loans for those clients looking for quicker or more personalized considerations than a bank can give them.
Most often our loan clients have one or more of the following needs:
- Time Constraints
Most loans fund in 7-14 business days. In some cases, loans can fund in as few as 3 – 5 business days. - Credit / Income Issues
Other lenders have turned down loan due to poor or less than perfect credit, limited financial history, low debt service coverage ratio…etc. - Property Type
Many lenders will not consider various property types such as: churches, day care, auto repair, bars, restaurants, raw land, etc.
We are a Texas lender with a simple loan process and the fastest decisions. What we need to fund a loan is a little as anyone in the industry. There is no loan committee or waiting on an underwriter to send it off to the corporate office. We have both short term interest only balloons as well as 15 year fixed rate programs with longer 3-5 year balloons. Brokers Protected.
Associations
- American Association of Private Lenders
- North San Antonio Chamber
Office Locations
Texas Equity Lending507 W. Rhapsody, San Antonio, Texas 78216
Our Team
Chris Dickson
President / Owner
Cyndi Clarkson
Contact Texas Equity Lending
Stay Informed About Private Lending
