Hard Money Loans in Dallas, TX

Lending to Dallas Area Real Estate Investors For More than 20 Years

If you’re a local real estate investor looking for a Dallas hard money lender, let’s talk. Dallas is a great place to invest in real estate. We are here to provide you the money you need to secure your home investment.  We aren’t just hard money lenders, we are also investors and appraisers.

We not only provide you with fix and flip loans, our services include FREE Consulting. We understand the stress and worry that comes with home investing- that’s normal. We’re here to help you be profitable.

You don’t have to do it alone! Our team is multi-faceted. We are Fort Worth hard money lenders, appraisers, flippers, advisors, and underwriters. By utilizing our unique, hard money loan calculator, we bring you the best financial rates Dallas, TX has to offer.

Best of all, we are local lenders. We are located in the DFW Metroplex. Serving our local community means everything to us. The ability to have a positive impact on nearby investors inspires us to work even harder and pursue the best options for our clients. The possibilities drive us.

  • "These guys treat me like family. Great advice and great rates."

    Lyndsey Thompson

    Lyndsey Thompson

    Real Estate Investor - Fort Worth, TX
  • "These guys treat me like family. Great advice and great rates."

    Lyndsey Thompson

    Lyndsey Thompson

    Real Estate Investor - Fort Worth, TX

Private Money Lenders in Dallas, TX

We are a premier private money lender in Dallas. Why does this matter? It’s simple. We have no “middleman.”

We are the direct consultants on your loan. All of our resources come from private capital. We make the final decisions and work directly with clients. Long gone are the days of indirect communication.

We have spent decades developing our skills to offer you the best overall experience that goes beyond funds. Any essential lender can provide you with funds. However, they won’t be able to bestow proprietary advice to help your skillset advance as an investor.

What is a Hard-Money Loan?

Hard money loans are is not possible about the property from traditional lenders. It comes from private individuals or companies that accept assets or property as collateral. Borrowers can use hard money loans to pay off a mortgage or loan application denied. That allows them to avoid lengthy approvals for traditional loans.

Hard money loans are secured loans that have the property as collateral. If the borrower defaults in repaying a secured loan, the lender can seize the asset. Hard money loans are more flexible than traditional mortgages or other secured loans. These loans are outstanding for those who need to buy a property quickly.

A mortgage application can take over a month to process. In a matter of days, hard money loans can be closed.

 

Hard Money Loan vs. Typical Mortgage Financing

Let’s see how hard money loans compare to traditional mortgage financing options.

Hard Money Loan

Based on the current market value of the property, hard money loans can be approved. The lender will conduct a quick credit and financial assessment, but it won’t be as thorough as traditional loans. That allows a quick loan process, and they can receive their money in days instead of weeks or months.

The downside to this process is that the lender takes on more risk. That means the borrower will have to pay more. Hard money loans have a higher interest rate and require higher down payments than the average loan.

Hard money loans often have short repayment terms, with some only being able to repay for a few years. It contrasts with traditional mortgages, which have words that can last for 15 to 30 years.

Traditional mortgage loan

Traditional loans are not well-defined. You apply for the loan, and the lender checks your credit to make sure you can repay it. They will review your finances once they have approved your application.

Many different types of loans fall under this umbrella, including mortgage loans, auto loans, personal loans, or home equity loans. Private lenders can provide these loans, but they don’t have to meet the exact requirements of traditional lenders. Private loans may be more expensive and less beneficial to borrowers due to the risk involved.

Traditional loan lenders will review your financial history and evaluate your income. They will also assess your cash reserves, credit history, and down payment. The lengthy process is necessary to lower the risk lenders take when lending money. If borrowers show good credit, lenders can offer more affordable rates and lower interest rates.

What is the purpose of Hard Money Loans?

These are the top reasons why people get hard money loans.

Flipping a House

Real estate investors who make money by purchasing low-cost properties needing fixing up, making value-boosting repairs and renovations, and then flipping the homes for profit may utilize hard money loans.

Because real estate professionals & flippers are usually able to complete projects quickly, they prefer to obtain financing quicker. House-flippers can often sell a house in a brief timeframe – typically less than one year. It means they don’t need a longer loan term than traditional mortgages and can secure rehab loans with the repair value.

Buying Investment Property

Individuals who are not eligible for traditional financing but want to invest in a rental property may be eligible to receive a hard money loan.

It’s a good option for those who cannot get traditional loans approved due to their credit history or need more money than a conventional lender.

Commercial Property Purchase

If traditional financing is not available, a business owner can also borrow hard cash to finance commercial actual property purchases. Hard money loans are available for entrepreneurs who can’t get conventional financing or have limited funds to pay for commercial loans.

What Are The Current Hard Money Loan Rates in Dallas, TX?

Private hard money loans can be costly. Let’s compare interest rates on these loans to more traditional loan types.

According to Freddie Mac, in January 2020, the average rate on a 30-year fixed-rate loan was 3.622%. Hard money loans are often between 8% to 15% and come with higher interest rates.

Hard money loans can also be more expensive depending on the lender’s preferred loan-to-value (LTV) ratio. If a lender is only willing to finance 70%-80% of the property’s value, you will need to make a significant down payment before the loan can close. If you don’t have enough money, you might not have hard money financing.

Fix and Flip Loans

Our fix and flip loans are guaranteed to transform the way you view flips. Yes, we provide the evident capital but also offer our industry-tested advice.

We have mastered the skill of flipping, appraising, and wholesaling. For this reason, we have enough wisdom to excel in your process. Buying an investment property and restoring it for a high ROI should not be taken lightly. Many moving parts to this equation and a slip in the wrong direction could have monumental consequences.

It would be best if you had someone by your side throughout the entire process. We are your go-to lenders… and beyond.

How Do I Find Hard Money Loans Near Me? We’re Local

Do you live in Dallas, Texas? Are you looking for a strategic partner in your next venture? Do you need a lender who has completed hundreds of rehabs and thousands of appraisals with ease?

Here at DFW Investor Lending, we showcase all that is possible with the right tools. Countless investors do not know where to begin when it comes to hard money loans. We take the guesswork out of the equation.

Our Clients Come First 

We love to hear from our clients and receive feedback on our performance. We help you close your deals quickly. Our services are always transparent and goal-oriented. When it comes to completing an exchange, we know precisely how to move the process along promptly. 

Dallas Real Estate Market: Is It A Good Place For Investment?

Dallas-Fort Worth-Arlington City house worths have increased 19.4% over the previous year, and the most recent projection is that they will increase 14.5% over the next twelve months.

Dallas County house worths have increased 16.4% over the previous year, and the most recent patterns reveal that costs will continue to grow at a slower rate over the next twelve months.

  • The typical house worth of houses in Fort Worth is $260,859, up 20.8% over the previous year.
  • Over the next twelve months, Fort Worth house rates will continue to increase, however, slower.
  • The typical house worth of houses in Arlington is $270,421, up 20.5% over the previous year.
  • Over the next twelve months, Arlington house costs will continue to increase, however, slower.
  • Texas (Statewide) house worths have increased 16.6% over the previous year and will continue to grow in 2021.

Numerous investors have questioned whether acquiring a residential or commercial property in Dallas is an intelligent monetary choice. You must dig deeper into the regional patterns if you want to understand what the genuine estate market will be like for actual estate financiers and purchasers in 2021. The Dallas real estate market is an exceptional location to buy earnings residential or commercial properties, whether you’re acquiring your very first or just including another to your portfolio. It does not get a lot more “place” than this when it concerns reality.

Top Reason To Buy Real Estate in Dallas, TX

The Dallas real estate market provides excellent profit-generating chances for all kinds of investors, from novice purchasers to experienced specialists. In Dallas, big apartment and single-family houses represent the bulk of the city’s real estate stock, with studio apartment structures representing most of the staying homes. Owner-occupied and renter-occupied real estate is discovered in equivalent quantities in Dallas.

  • Population Predicted to Double in Next 15 Years
  • Dallas is among the leaders in the U.S. for work and population development.
  • 52.9% of Dallas leas vs. 33% across the country.
  • The need for rental lodging is increasing year over year.
  • Low entry rates for Dallas financial investment homes.
  • Recently renovated REOs (2004 or more recent).
  • Residence 5%– 15% listed below market price.
  • Cap rates above 6 percent.

Have Questions? Lets Talk!

Have you decided that real estate investment success is in your future? Are you ready to take the first step in a rewarding journey? From capital to exclusive advice, we have everything you need for your next investment.

Contacting us is always a quick, professional, and hassle-free process. Fill out our online form with your specifics, and one of our experienced team members will be in contact soon.

Alternatively, you can reach out via phone at (214) 382-2676. Lastly, if you have any questions about hard money loans in Dallas, TX, don’t hesitate to send us a message online via our contact form.

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