Other Collateral Ideas for Hard Money in Texas

Some quick thoughts on private money loans – alternative collateral.

Scenario: you need down payment or cash to purchase a piece of property. Lets say you have identified an apartment complex in San Antonio and need Hard Money. Your other San Antonio investment real estate has current liens and you cannot use as leverage.

You call us about some apartment Hard money and we uncover that you have Oil Leases worth about 1 million. We would consider loaning against the oil leases & royalties to give you enough cash to purchase or use as down payment on the apartment building.

Other alternatives:
IRA (non recourse only), stocks and bonds, CD, some sort of annuity….

Thats why a detailed personal financial statement is critical even for hard money.

Should you need hard money in Texas, please let us know.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s