★★★★★ 4.8 Google Reviews   |   ✓ Direct Lender Since 1998   |   ✓ No Upfront Fees   |   ✓ 48-Hour Approvals   |   ✓ All Credit Welcome

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About Us

About Commercial Loans of Texas

Direct lender in Magnolia, Texas — funding commercial real estate since 1998

“I’m a dinosaur. I’ve been originating commercial and residential mortgages for over thirty years, and I’ll be honest — I’ve cost myself a fortune because of the way I operate. Most loan officers structure commercial loans in two to three year terms. Not because it’s best for you, but because it forces you back to refinance. More transactions, more fees. I always thought that was a little shady. So I put my clients in the right loan the first time. Long-term, fixed-rate, stable. I typically only do one loan per client — because they don’t need to come back. That’s probably exactly why you should call me.”
— Commercial & Residential Mortgage Advisor | 30+ Years Experience

Welcome to Texas Commercial Loans

We are a direct private lender specializing in commercial real estate financing throughout Texas. Since 1998, we have helped investors, business owners, and developers secure fast, flexible funding without the red tape of traditional banks.

Our team works directly with borrowers — no middlemen, no upfront fees, and no surprises. Whether you need hard money, DSCR, stated income, or SBA financing, we have a program to fit your situation.

✓ Direct Lender Since 1998

Over 25 years funding Texas commercial real estate — we use our own capital, so decisions are fast.

✓ No Upfront Fees

We never charge application or processing fees before closing. You pay nothing until your loan funds.

✓ All Credit Considered

We look at the deal, not just the score. Borrowers with challenged credit are welcome.

✓ Approval in 24-48 Hours

Fast underwriting and in-house decisions mean you get a term sheet quickly when others are still asking for paperwork.

✓ Texas Statewide

We lend in Houston, Dallas, Austin, San Antonio, Fort Worth, Magnolia, and across all of Texas.

✓ Flexible Terms

Loan amounts from $200K to $10M+. Short-term bridge to 30-year fixed. We structure deals that work.

Our Loan Programs

We offer hard money loans, DSCR investor loans, stated income commercial loans, SBA programs, construction financing, and church/non-profit loans. Visit our Programs & Rate Sheets page for current rates and guidelines.

Ready to get started?

Get Your Free Quote →

Or call us directly: 877-895-3634

Service Areas: Houston | Dallas | Austin | San Antonio | Fort Worth | Near Me TX Construction Rates
Common Questions: Credit Score Required | How Long to Close | Hard Money vs DSCR | Bad Credit OK | DSCR Requirements | No Income Verification | Minimum Down Payment | Documents Required
✆ Call 877-895-3634 📄 Free Quote

How to Choose the Best Commercial Lender for Your Deal

There is no single best commercial lender — there is a best lender for a specific property, timeline and borrower profile. The five types below are what you are really choosing between, and the honest answer is that four of them beat us in at least one situation.

Lender type Wins when Pricing Speed The catch
Bank or credit union Owner-occupied property, strong tax returns, no deadline Lowest available 45–90 days Full documentation, global cash-flow review and a committee. One weak tax year can end the file after six weeks of work.
SBA lender (7(a) / 504) Owner-occupied purchase with low down payment Low, government-guaranteed 60–120 days Occupancy rules, personal guarantees and the longest timeline of any option. Investment property does not qualify.
Agency / CMBS (conduit) Stabilised multifamily and large commercial, $5M and up Low, long fixed terms 60–90 days Rigid boxes, defeasance or yield-maintenance prepay, and heavy legal cost. Below roughly $2M the fees stop making sense.
Direct private / stated-income lender Investment property, self-employed borrowers, unusual assets Higher than a bank, lower than hard money 7–21 days You pay for speed and flexibility. Worth it when a deadline or a documentation gap would kill a bank loan, not otherwise.
Hard money / bridge Rehab, repositioning, a short fuse, a broken deal Highest 5–14 days Short term and interest-only. This is a bridge to somewhere, so never take it without knowing the exit that repays it.

Speed figures are from application to funding on a complete file. Pricing is relative, not a quote — see our current rate sheet for real numbers.

Five questions that tell you more than any "best lender" list

Where we are the right call — and where we are not

We are the right call when the property is an investment, the borrower is self-employed or holds title in an entity, the documentation is imperfect, or the clock matters. Stated-income, 30-year fixed commercial, bridge and construction, $200,000 and up, closings in 7 to 21 days, direct since 1998 and lending across 43 states.

We are not the right call if you occupy the building yourself, your tax returns are clean, and you have ninety days to spare. Take the bank or the SBA loan — the rate difference over a ten-year hold is real money, and we will tell you that on the phone rather than after you have paid for an appraisal.

Want to know which of the five you actually need? Describe the deal in five fields and we will tell you straight, including when the answer is someone else. Call 877-895-3634 or send the one-page summary.

Reviews

What Our Borrowers Say

Real Google reviews, word for word, from people we have closed loans for. 4.8 out of 5 from 38 Google reviews.

★★★★★
“Let me just start by saying that the only reason I give him five stars is because there is no higher. Daniel Peterson is one of the most honest and transparent person I have ever dealt with. Getting me a refinance was not going be easy but right from the start he gave it his all. Just as we would hit bumps he would not give up. He would look for other ways and would always stay motivated to make it happen. Just as I thought that it wasn’t going to get done. He would pull out the rabbit from the hat, as the old saying goes, all the way to the end. If you are ever in need of a refinance or to purchase another home or anything in this field trust me you will not be disappointed with him. I truly say if he can’t do it it’s probably because it cannot be done but if he does he will find a way.”
JA JESCO AUTO SALES INC. Google Review
★★★★★
“I would highly recommend Commercial Loans of Texas for commercial lending. My experience with Dan was top notch. Starting from consultation and application to guidance navigating the daunting underwriting process, Dan's experience and insight was invaluable to reach a successful closing. Will definitely engage again in the future.”
CD Christopher Day Google Review
★★★★★
“I would highly recommend Dan Peterson with Commercial Loans of Texas. I am a physician in private practice, and I approached Dan about helping me to navigate the commercial loan process for a new medical office. He was proactive and very helpful during the process. His experience and knowledge made a big difference. He is amazing.”
LD Lesly Dessieux Google Review
★★★★★
“Dan Peterson is the best commercial lender hands down! He truly knows his stuff and makes sure that you know all of the pertinent info upfront. I've never seen a commercial loan close this fast. Amazing!! I look forward to working with him in the future for my personal deals and on deals for clients that I will be referring!”
AC Assistant Cloud Google Review
★★★★★
“The Best Commercial Loan Company in Texas. "Danial Peterson !" We were running out of options, doors after door were slammed in our faces! Daniel came through for us when NO ONE ELSE WOULD! We will be eternally grateful for all Daniel and his company has done for us! Give Daniel a call and he will make your dream come True!”
AY annette Yates Google Review
★★★★★
“This company offers very delicate customer services, Dan Peterson is very nice and professional that he was trying to help me to get finance the property but unfortunately the property is in rural area that was not qualify the loan. Dan referred me to another company to finance the property. Thank Dan!”
LT Ling Tan Google Review
★★★★★
“Dan Peterson secured a commercial loan for me with ease and a no b.s. approach. I had a few obstacles to overcome and a tight closing window and Dan made it happen for me. I can't say enough about Dan and his team at Commercial Loans of Texas. If in need of a commercial loan...Dan's your man.”
DL Dyana Lee Google Review
★★★★★
“Our client who was purchasing an apartment building in Montrose- was introduced to Commercial Loans of Texas. The commercial loan officer was hands-on, kept us updated in a timely fashion, was able to provide the best rate and terms available in this market.” Linda Charmaigne”
PU Pattraporn U. Google Review
★★★★★
“This Is The Best Commercial Loan Company In The State Of Texas. Daniel Peterson Is Awesome 🤩 He Answer’s Every Call ☎️ And Goes Above ☝🏾 And Beyond To Maker Sure Business 👨🏽‍💼 Is Handled. I Highly Recommend This Company To Anyone Respectfully!!!!”
KS Kieran Smith Google Review
★★★★★
“It's been a pleasure working with a highly professional, knowledgeable and responsive loan master, Mr. Dan Peterson. He is the best. We were able to successfully close very tough deals back to back. For any loan issue, go to Dan! He is the man.”
SW Steven W Google Review
★★★★★
“Worked with Dan from Commercial Loans of Texas. We had been working for two months to refinance our loan on a property owned by my LLC. I got tired of waiting for other slow institutions and decided to give Dan a call. He had me closed…”
PB Peter Bonanni Google Review
★★★★★
“Daniel Peterson did a fantastic job of closing my construction loan. He made me aware of all financing options and went out of his way to investigate them. We closed on time at an interest rate that was actually slightly lower than we…”
JC John Coco Google Review
★★★★★
“I have nothing but good to say of Daniel Peterson and Commercial Loans of Texas. My loan did not go through but not due to any fault of Daniel or his company. Even after several weeks I called and asked about my appraisal refund and…”
JC Jason Curtis Google Review
★★★★★
“Daniel was great to work with throughout the entire process. He answered questions quickly and the loan funded within three weeks. I would highly recommend him and look forward to working with him in the future on some new projects.”
TC Tracy Cowan Google Review
★★★★★
“If you need to close a complex transaction quickly, Daniel is your guy! He won't sleep until he's able to put a solution in place to help you close your deal. Thanks for all the hard work, Daniel!”
SS Shane Spillers Google Review
★★★★★
“Dan and the team were great! The process was smooth and friendly, Texas style. I highly recommend Commercial Loans of Texas. We'll defiantly be doing business with them in the years to come.”
JT Josh Taylor Google Review
★★★★★
“Dan is Truly AMAZING. Promised he would close on a million dollar property on time and he delivered. A genius at what he does.Thanks Dan, looking forward to the next phase.”
KS Karen Siriwa Google Review
★★★★★
“Dan found terms I didn't think were out there for commercial! Very satisfied and we'll definitely be using Commercial Loans of Texas again on our next conventional deal!”
KO Keno Owens Google Review
★★★★★
“Daniel Peterson got me an amazing mortgage that no one else could do. I don’t see why I would work with anyone else. Amazing service. Thank you.”
BD billy desai Google Review
★★★★★
“Dan Peterson very forthright and transparent. Gave me great guidance and really appreciate him going out of his way for my commercial loan.”
BB bryan bahr Google Review
★★★★★
“As a former Texas Real Estate Commissioner I can tell you this group knows what it takes to get business done with prompt professionalism.”
WM Weston Martinez Google Review
★★★★★
“I strongly recommend Commercial Loans of Texas! Daniel was instrumental in the acquisition of a hard-money bridge loan in 2016.”
DD Derek Diaz Google Review
★★★★★
“We Are Thankful for Dan Peterson and the team of underwriting who have given us the monies to consolidate our debt. Thank you.”
JL Jesus Life Google Review
★★★★★
“Got a challenging loan approved and closed. Best customer service. They get'm DONE in a timely manner. Thank you!⭐️⭐️⭐️⭐️⭐️”
NJ nicole johnson Google Review
★★★★★
“Dan Peterson was great to work with, closing my commercial loan refinance just as I needed. Thanks Dan!”
MM Mike McAda Google Review
★★★★★
“Very helpful in understanding would recommend anybody that doesn't have the best way home”
KC Kirk Carlson Google Review
★★★★★
“Every step from LOI through closing was guided with great service. "Just Right"”
MS Mark Spence Google Review
★★★★★
“Thank you Dan Peterson. You sent me in the right direction. I appreciate…”
KY Kym Google Review
★★★★★
“great experience will do further business with Dan.”
LR lawrence roberts Google Review
★★★★★
“Great working with this company”
DS David S Google Review
★★★★★
“Very frenly company”
GR Griffin Roberts Google Review
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