Hard Money Lenders in Dallas, TX

A hard money loan is a short-term loan typically used for investment properties. You must rehab the property before you can pay off the loan.  Because there are no credit requirements, and it is a risky investment, the interest rate for hard money loans are higher than for conventional financing.

However, you only need to pay 2%-3% to get the loan. That means you can get deals done quickly without worrying about your credit score or making a sizeable down payment.

So, what makes our hard money loans better for Dallas area investors? Here are a few reasons investors in the Dallas-Fort Worth Metroplex choose DFW Investor Lending.

• We’re a direct hard money lender, so there’s no middleman
• We have an A+ rating with the Better Business Bureau
• We’re members of the Texas Association of Mortgage Bankers
• Our team has over 50 years of experience in real estate and lending
• We offer hard money on investment properties

Lending isn’t a one size fits all business. We base our rates and fees on the specific deal. If you have a unique situation, we’ll work with you to develop a financing solution that makes sense for your project.

When it comes to an investment property, you can pay cash or secure a loan. Two of the most common types of loans for real estate investors are hard money loans and conventional mortgages or lines of credit. Let’s see how DFW Investor Lending, LLC compares to traditional mortgage financing options. Here’s a look:

We finance all types of real estate  in the Dallas-Fort Worth area, including:

• Single Family Homes – A single-family home is a property that contains one dwelling unit. That includes detached homes, semi-detached homes, and attached homes like townhouses.
• Multi-Family – A multi-family dwelling is a residential property with two or more units. The properties that fit this model include duplexes, triplexes, and quadplexes. 
• Office Buildings – An office building is a commercial property with multiple businesses, each with its own space. 
• Industrial Properties – Industrial property is a commercial property used for industrial purposes. That can include factories, warehouses, and other types of production facilities.
• And More!

You never know what kind of deal is around the corner. That’s why it’s important to work with a lender who understands that. We finance all types of investment properties in the Dallas-Fort Worth area, including: 

Fix and Flip 

Some investors prefer to do short-term deals instead of rehabbing and then renting out the property. A fix and flip is when you buy a property to sell for more money than you paid for it afterwards.

A fix and flip is often done by buying a distressed property and repairing it so that it can be sold at a higher price. The most important key to success with fixes and flips is knowing how much the property will be worth after you fix it up.

New Construction

If you own land and want to build from the ground up, that’s considered new construction. In this case, you’ll need to apply for our new construction private money loans. Land loans and lot loans are two different types of financing. However, they both fall under the new construction loan category.

Rental Property

Rental property is a great mid to long-term investment. It’s a way to build equity and passive income. Private money rental loans are outstanding for investors looking to rehab and rent out houses.

Land Deals

Land deals are different from other real estate deals. If you want to buy some land, you will need a land loan. This type of loan can be used for rehabbing and renting out houses, building new homes, or buying mixed-used properties.

Commercial

Commercial property likely carries the highest profit potential. It’s much riskier as more money is involved. That said, we are a no-doc commercial rehab lender.

We do not have a set FICO score that is needed to qualify for our hard money loans. Because we use the property as collateral, your credit score is less important to us than it would be for a conventional lender. Don’t let your credit score hold you back from investing.

A great way to finance a real estate investment is from a private lender. A hard money loan is a fast and easy way to get financing. You get access to the funds faster, and the loan is based more on the asset purchased than the borrower’s credit or personal approval. You should ensure that you choose a trusted private money lender with a proven track record in the field when searching for a hard cash lender.

These loans may not be the right choice for everyone. You will pay a higher interest rate than a traditional owner occupied property. A hard money loan not only has a higher interest rate, but it does require a 2%-3% originating fee for a down payment.