Question 1

Do you lend in the Midland-Odessa metro?

Accepted Answer

Yes. We lend across Midland, Odessa, West Odessa, Big Spring, Andrews, Greenwood, Gardendale, and Stanton. Every loan is business-purpose only, on investment property, and terms are subject to underwriting. See loan programs or talk to us.

Question 2

How exposed is a Midland-Odessa deal to the oil cycle?

Accepted Answer

More than almost any other Texas metro we lend in, and an honest underwriting conversation should say so up front. The Permian Basin rig count stood at 263 for the week of August 7, 2026, up 3 for the week and the highest since July 2025, with WTI spot at $84.77 a barrel on August 11, 2026. That backdrop is supportive right now. But the Zillow Observed Rent Index shows metro rents fell about 26% peak to trough in the 2020 oil crash, from $1,571 to $1,158 in Midland, before fully recovering by 2025, and rents are down 3.6% to 4.0% year over year as of June 2026 even with the current rig count firming. A 6-month flip or 12-month bridge here carries commodity-cycle exposure a Dallas or Austin loan does not. We underwrite to the cycle, not just the rehab schedule.

Question 3

How do property taxes compare between Midland and Odessa?

Accepted Answer

The tax stack inverts the price gap, and it moves DSCR by real money. A City of Midland parcel in Midland ISD stacks to roughly 1.47% of value a year (2025 rates, Midland Central Appraisal District), held down by an unusually low 0.121374 county rate. An Odessa parcel in Ector County ISD stacks past 2.09% before the hospital district is even added, based on 2025 adopted-rate reporting for the county, city, and school district. On a $300,000 rental that gap is roughly $1,900 or more a year in carrying cost for the cheaper city. Investor assessments carry no homestead cap in Texas, so run the DSCR both ways before you commit to a submarket. Talk to your CPA or attorney about your specific parcel.

Question 4

Are short-term rentals regulated in Midland or Odessa?

Accepted Answer

Both cities charge a 7% hotel occupancy tax on short-term rentals, and Midland requires registration. Effective February 1, 2022, the City of Midland requires STR owners to register through a Host Compliance portal and collect and remit the 7% tax quarterly; the city's own STR page states no zoning restriction, cap, or minimum-stay rule, though that is an absence on that page rather than a verified absence in the zoning code. Odessa also collects a 7% hotel occupancy tax on STRs. Demand here tends to be crew and contractor lodging that tracks the rig count rather than vacation traffic, so STR underwriting should follow the same cycle logic as any other income in this metro. Confirm current rules for your specific parcel before closing.

Question 5

Why work with a direct lender instead of a bank in this market?

Accepted Answer

Speed matters more here because the underlying market moves fast in both directions. Median days on market ran 46 in Midland and 47 in Odessa in July 2026, both clearing in about a month and a half, and Midland's own published target for a residential permit review is 5 to 7 business days, genuinely fast by Texas standards. Add Texas's non-judicial foreclosure process and first-Tuesday courthouse auctions in both Midland and Ector counties, and this is one of the fastest full-cycle markets we lend in. A bank underwriting timeline does not match that pace, and in a market this tied to the rig count, timing the exit matters as much as pricing the deal. As a direct lender funding with our own capital, we can move at the pace this market needs. Apply now. Subject to underwriting.

Midland Hard Money and Investor Loans

Two markets, one commute, a $135,000 gap

The tightest labor market in Texas

The rig count is the leading indicator

Loan programs in Midland

Midland lending questions

Funding Midland deals fast.