Residential Hard Money
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. These loans can typically be closed within 10 business days.
And our easy-to-use hard money loan calculator helps you quickly determine how much you’ll need to put down to secure a hard money loan for your next fix-and-flip project.
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)
Amortization:
TBD, Interest-only & 20-year amortizations available
Term:
6-months to 5 years
Rate:
TBD
Fees:
TBD
ARV (After Repaired Value):
Up to 75% on “as is” or “after repaired” value if repairs are included
LTC (Loan to Cost):
Up to 100%
Recourse:
Yes
How does the hard money loan program work?
Noble’s hard money loan program was designed for investors who are purchasing homes that are in disrepair and want to leverage the After-Repaired-Value (ARV) of the property. We loan real estate investors money to purchase and rehab real estate property in Texas. We typically close in 7-10 business days, however, we have closed a loan in 24 hours previously! Hard Money is available for both residential and commercial property in first lien position.
What's the difference in a hard money loan and a traditional loan?
Hard money loans do not require the same documentation requirements of a traditional loan. We are a private lender and therefore make all lending decisions in-house!
What is required to qualify for a hard money loan?
It depends on what the exit strategy is for the loan. Flipping a home simply requires some capital reserves to handle loan payments and money to get the project started.
We do not have a minimum credit score if you are flipping.
However, if the investor intends on refinancing the property to hold as a rental property then they would need to qualify for long-term financing which Noble can arrange in-house. These loans typically require at least a 650 credit score.
What is ARV?
ARV, or after repair value, represents the current value plus the value added by any repairs or renovations. Read our blog post to learn more about ARV and how it’s determined.
How does the hard money loan program work?
Noble’s hard money loan program was designed for investors who are purchasing homes that are in disrepair and want to leverage the After-Repaired-Value (ARV) of the property. We loan real estate investors money to purchase and rehab real estate property in Texas. We typically close in 7-10 business days, however, we have closed a loan in 24 hours previously! Hard Money is available for both residential and commercial property in first lien position.
What's the difference in a hard money loan and a traditional loan?
Hard money loans do not require the same documentation requirements of a traditional loan. We are a private lender and therefore make all lending decisions in-house!
What is required to qualify for a hard money loan?
It depends on what the exit strategy is for the loan. Flipping a home simply requires some capital reserves to handle loan payments and money to get the project started.
We do not have a minimum credit score if you are flipping.
However, if the investor intends on refinancing the property to hold as a rental property then they would need to qualify for long-term financing which Noble can arrange in-house. These loans typically require at least a 650 credit score.
