Texas Equity Lending

Loan programs

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

Property types

Lending footprint