Construction, hard money and loan bridge loan is almost 50% of loans in Texas.
Many loans these days are not qualified for regular commercial CMBS or bank loans. Many builders and investors in Texas are depending on private and bridge loan for purchase, refinance and construction loans. Many borrowers in fact prefer these loans as they do not not many requirements and close faster. Commercial Partners of Texas, https://www.amerimort.com has been helping many borrowers in these aspects. Many bridge loan terms are as follows.
1. LTV up to 70% or 90% LTC
2. Rates from 6 months to 3 years.
3. 7% to 12% interest only loans.
4. $100K to 5M loans.
6. For Single Family Homes to commercial properties.