PM Lending in Texas: Quick help Please?

[Paul Jamgotch]

I am an unlicensed, private individual looking to loan money on a home which was purchased to rehab and flip. I do not want to simply fund the rehab and take a 2nd position if possible. Can someone confirm that I CAN loan a party in Texas the money to pay off their 1st-position loan and rahab without running foul of Texas rules and regs?

I am assuming that I can (see below) but I'm trying to structure an asap deal.

Thank you.

12th Question:

http://www.sml.texas.gov/tdsml_faq_mb_general.html

Q: I am a