Noble Mortgage and Investments LLC


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Phone: (713) 680-8100

Address: 8203 Willow Pl Dr S #660
Houston, Texas 77070

Website: https://www.noblemoney.com

States They Lend In:  Texas

 

Noble’s hard money residential loan program is designed for investors who are buying distressed properties in need of repairs or need a quick cash-out on an investment property. We will fund up to 100% of the purchase price, repairs and closing costs! We also fund new construction loans and owner occupied properties on a limited basis. These loans can typically be closed within 10 business days.

 

 

Property Types:

All 1-4 unit properties considered

 

Loan Types:

Rehabs, Cash-Outs, Purchases, Refinances & new construction No Home Equity Loans

 

Markets:

Houston, Austin, San Antonio and Dallas/Fort Worth, Texas

 

Loan Amounts:

$50K-$1.5MM (Minimum $100K outside of Houston)

 

Term:

1 to 5 years

 

Amortization:

TBD, Interest-only & 20-year amortizations available

 

Rate:

TBD typically 11%-14%

 

Fees:

3-4% (can be rolled into loan if LTV allows)

 

LTV:

Up to 70% on “as is” or “as repaired” value if repairs are included

 

LTC:

Up to 100%

 

Recourse:

Yes

 

Why Hard Money?

You’re looking to invest in properties, but you don’t quite have the cash to make your purchase. As a serious investor in the Houston, Texas area you may consider obtaining a hard money loan. Such a loan can help you to perform repairs on a property if the property is in shoddy condition. A hard money loan can give you the cash you need to increase the value of the property so you can profit for many years. Generous lenders will be delighted to help you achieve your dreams. All you have to do is make contact, and a representative will talk to you frankly about your financing needs. We even have pre-qualification options available.

 

More About Hard Money Loans

Hard money loans are specific short-term advances the lender provides for the purchase of a distressed property. A distressed property is one that needs a lot of repairs before it will be marketable. Such a loan is an excellent option if you are an investor that is looking to close a loan quickly. The average hard money loan process can complete in 10 business days or less in most cases.

 

Uses for a Houston Hard Money Loans

You can use hard money loans to purchase a wide variety of properties. You can fulfill your vision with investment properties. The beneficial part of borrowing a hard money loan is that your cash advance will have value that is substantially different from the purchase price. The lender will base the loan on a percentage of the projected after-repair value (ARV) of the home rather than the purchase of the home. For example, your distressed property may be on sale for $85,000, which is discounted from its true value of $150,000 because of all the necessary repairs. A traditional lender will offer a conventional loan of up to 80 percent of the purchase price of the home that would be, at most, $68,000. The hard money lender will offer up to 70 percent of the after-repair value, plus it will pay for the closing costs that are sometimes as much as $25,000 or more. Lenders will pay for the repairs that you will have to submit to get the property ready for use. The lender will also cover the closing costs, which can be several thousand dollars.

 

Noble’s Hard Money Commercial Loan

 

Program is designed for investors purchasing or refinancing commercial income producing properties that do not qualify for conventional financing. Commercial properties in need of improvements, low occupancies or in need of repositioning are typical for this loan program.

 

Property Types:

Apartments, Office, Retail, Office-Warehouse & Single-Tenant

Market:

Houston, Austin, San Antonio and Dallas/Fort Worth, Texas

Loan Amounts:

$100K-$5MM

Term:

1-5 years

Amortization:

Typically interest-only
Rate:

14%-16%

Fees:

4%-5% of the loan amount

LTV:

Up to 65%

LTC:

Up to 85%

Recourse:

Yes

 

Qualifications for Hard Money Loans

Several factors will play a role in whether you receive approval for a commercial hard money loan. Credit score and profit potential of the property are very important. The lender will also look at your available funds and bankruptcy status. Hard money loans typically have an interest rate higher than that of a conventional loan. Furthermore, hard money loans have short lives. They may only last for a few months, so you will have to have a solid plan to repay the advance quickly.

 

How to Get a Hard Money Loan

Noble Mortgage specializes in providing both residential and commercial hard money loans for Houston residents who have an eye and a heart for making smart investment choices. To start the process of taking out a hard money loan, you simply need to complete an application. We offer a prequalification form that asks only a few questions to help to determine your status. We want you to obtain approval for your Houston hard money loan. You can call 713-680-8100 if you would like to speak with a financial advisor about the options that you have on the property in which you intend to invest.

 

Residential Dallas Hard Money Loan Programs

 

Residential Dallas hard money loans are specially designed for the quick purchase and repair of distressed properties, or those needing a quick cash-out on investment properties. These fix and flip loans can fund up to beyond the purchase price, repairs, and even closing costs. On a limited basis, Noble Mortgage also funds new construction loans and owner occupied properties.

These Dallas hard money loan programs typically close within 10 business days.

 

Property Types:

All 1-4 unit properties considered
Loan Types:

Rehabs, Cash-Outs, Purchases, Refinances & new construction No Home Equity Loans
Markets:

Houston, Austin, San Antonio and Dallas/Fort Worth, Texas
Loan Amounts:

$50K-$1.5MM (Minimum $100K outside of Houston)
Term:

1 to 5 years
Amortization:

TBD, Interest-only & 20-year amortizations available
Rate:

TBD, typically 11%-14%
Fees:

3-4% (can be rolled into loan if LTV allows)
LTV:

Up to 70% on “as is” or “as repaired” value if repairs are included
LTC:

Up to 100%
Recourse:

Yes

 

Commercial Dallas Hard Money Loan Programs

 

The emphasis of Noble Mortgage’s commercial hard money loan programs in Dallas is to provide investors purchasing or refinancing properties that produce commercial income. These are properties that do not qualify for conventional financing.

These are properties in need of improvements. Properties with low occupancy. Or properties in need of repositioning.

 

Property Types:

Apartments, Office, Retail, Office-Warehouse & Single-Tenant
Market:

Houston, Austin, San Antonio and Dallas/Fort Worth, Texas
Loan Amounts:

$100K-$5MM
Term:

1-5 years
Amortization:

Typically interest-only
Rate:

14%-16%
Fees:

4%-5% of the loan amount
LTV:

Up to 65%
LTC:

Up to 85%
Recourse:

Yes

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