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Texas Equity Lending describing itself
Texas Equity Lending
San Antonio, TX·1 state
Major Texas markets including San Antonio, Austin, Corpus Christi, Houston and Dallas–Fort Worth
Loan programs
Maximum leverage
Max LTV 65%
Terms & qualification
- Typical loan size
- $100K – $3M
- Typical term
- 12 mo – 20 yr
- Interest rate
- 13.75% – 14.75%
- Origination / points
- Typically 1% to 3%
- Minimum FICO
- 500
- Lien position
- Primarily first-lien loans
- Prepayment penalty
- None listed on the PLL profile
- Payment structure
- Interest Only
- Recourse
- Sometimes
- Closing speed
- 15 days typical · 7 days fastest
- Cross-collateral
- Yes
- Equity / JV capital
- No
- Income documentation
- Credit Report, Loan Application
- Borrower entity
- Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA