Great Lakes Private Lending for Texas investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Texas context
Texas no state income tax. Property tax burden among highest in nation. Strong investor activity statewide. Houston no zoning unique. Hurricane consideration on Gulf Coast.
How Great Lakes Private Lending positions in Texas
The Texas lender pool for DSCR includes Great Lakes Private Lending among the active platforms. Texas top metros (Houston, Dallas-Fort Worth, Austin) see meaningful Great Lakes Private Lending loan volume.
City-level coverage in Texas
Great Lakes Private Lending provides DSCR coverage across Texas metros including Houston, Dallas-Fort Worth, and Austin. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Texas metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Texas property tax | 1.9% |
| Texas state income tax | None |
Great Lakes Private Lending strengths in Texas
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Texas coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Houston is the top investor market in Texas and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Houston property tax follows the Texas state rate of 1.9 percent. Great Lakes Private Lending typically underwrites Houston acquisitions at standard rate sheets.
Yes. Dallas-Fort Worth ranks among the larger Texas investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Dallas-Fort Worth matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Texas metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Houston, Dallas-Fort Worth, and Austin all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Texas no state income tax. Property tax burden among highest in nation. Strong investor activity statewide. Houston no zoning unique. Hurricane consideration on Gulf Coast. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Texas.
Texas allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
For Texas DSCR borrowers, Great Lakes Private Lending is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.