Multi-Family Hard Money Loans

DFW Investor Lending, LLC offers hard money loans on multi-family properties. Multi-family hard money loans can be an excellent option for borrowers looking to fix and flip a property. These loans are easy to qualify for and can fund quickly. However, it is essential to understand how it works.

What is a Multi-Family Unit Property?

A multi-family property is a housing unit with more than one individually rented living space. For example, an apartment complex with several units would be considered a multi-family property. The individual units within the complex can be owner-occupied or renter-occupied.

Some Examples of multi-family properties are:

  • duplexes, triplexes, four-plexes
  • townhouses
  • apartment buildings
  • high-rise apartments
  • and condominiums

Why Invest in a Multi-Family Property?

Investing in a multi-family property is a great way to build wealth. When you own a multi-family property, you can get rental income from multiple units. It is also usually cheaper to manage one large property than many small properties. Another advantage of owning a multi-family property is living in one unit and renting out the other. That can help you offset some of the costs of owning the property, such as the mortgage payments.

How Does a Multi-Family Hard Money Loan Work?

A multi-family hard money loan program is similar to any other. The main difference is that the property used as collateral is a multi-family unit. We will appraise the value of the property and loan an amount based on that appraisal. You must make repayment within 12 months.

What are the Benefits of a Multi-Family Hard Money Loan?

One of the main benefits of a multi-family hard money loan is that it can be easier to qualify for than a traditional bank loan. That is because lenders are more interested in the properties after repair value than the borrower’s creditworthiness. Another benefit is that hard money loans fund quickly, which can be helpful in situations where time is of the essence.

What are the Risks of a Multi-Family Hard Money Loan?

Like any other loan, there are risks involved with a multi-family hard money loan. One of the most significant risks is that if the property decreases in value, you will still need to repay the total amount of the loan. Additionally, hard money loans usually have shorter terms than traditional bank loans, ensuring you can complete the project and repay the loan within 12 months.

Dallas Hard Money Lending for Multi-family Investment Properties

Let’s talk if you are ready to connect with a hard money lender in Dallas, TX. We are DFW Investor Lending, LLC, specializing in hard money loans for real estate investors. We can fund your loan quickly so that you can start your project immediately. Contact us today to learn more about our multi-family hard money loans.