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Dallas Hard Money Lenders for Property

Dallas, TX hard money lenders loan money to both businesses and individuals when the banks and mortgage companies can’t or won’t deliver. Traditional lenders may refuse loan applications because the borrower is overextended, lacks the right credit history, or is simply in a big hurry. In any case, there are many reason why businesses, investors, and private people turn to Dallas hard money loans for property.
Furthermore, you can get a hard money loan in Dallas quickly. You might have your answer in hours and your money the same day. It usually takes banks and mortgage companies weeks to process a loan, and sometimes it even takes months.

Dallas Residential and Commercial Hard Money Loans

Typically, hard money lenders in Dallas consider the value of the property when they decide to lend money. The real estate serves as collateral for the loan, so these lenders do not need to pry into your background and credit situation as much as traditional lenders. They will base the loan upon some portion of the fair market value of the property.

What to Know About Dallas, TX Business and Private Hard Money Loans

In return for a fast Dallas property loan, Big D hard money lenders may charge higher interest rates than banks or mortgages, but they take a bigger risk. Typically, it can take weeks or even months to get a bank to actually close on a home or commercial property loan.

The advantages of Dallas Hard Money Lenders

If you do business with one of the best Dallas Hard Money Lenders, like us, you can enjoy some great advantages:

You get your money fast.
You can get a “YES” when banks and mortgage companies say “no.”
Your loan will be based upon the value of your property not just on some numbers from a credit bureau.
We work with individual borrowers, real estate investors, and companies.

Dallas Commercial and Individual Bridge Loans for Property

Hard money lenders in Dallas also provide bridge loans to both businesses and private parties. There are several uses of these fast and temporary loans, and they are generally meant to last for a few months to about a year. As the name implies, bridge loans “bridge” the gap until traditional financing kicks in. If funding does not come in before the term ends, they can get renewed.

Private residential property bridge loans in the DFW Metro Area: One common use of these loans is to buy another home before an old one has sold or borrow money to finance a home purchase when mortgage companies decline an application.

Dallas Real estate investors: Successful real estate investors need to jump on an opportunity to buy Dallas Metro Area property fast when they find a great deal. Texas hard money lenders can provide the cash quickly to finance that great deal.

Dallas Metro Area Commercial property bridge loan. While businesses wait for equity financing to arrive, they may need to expand in order to stay in business. A bridge loan can bridge the gap!

Interest only loans in Dallas: Are you overextended? We can provide interest-only loans for short term periods that can get renewed.

Hard Money Loans in Houston, TX – Your Mortgage Alternative

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Hard Money Lenders in Houston, TX

We are proud to proclaim that real estate in H-Town is really booming now, and we like to pride ourselves on the fact that we can take some credit for that. Not only can we offer the best hard money loans in Houston, TX, we also offer other types of alternative real estate financing as well.

When the bank says no, we can say yes!

If you are a real estate agent, prospective homeowner, commercial property buyer, real estate investor, contact us for:

Residential Mortgages: There are a number of reasons that borrowers cannot use traditional real estate lenders like banks and mortgage companies.
Real estate investor loans: If you just found the perfect real estate to invest in, get financed fast before somebody else grabs it.
Commercial and residential bridge loans: Business may need to wait for conventional financing or investors, but business needs can’t always wait.

What is a Bridge Loan from a Houston, TX Hard Money Lender?

A bridge loan provides an alternative financing solution for real estate deals. Typically, these are short term loans that are meant to retain a property until the borrower can either secure permanent or long-term financing or discharge another type of obligation..

Bridge loans in Houston are usually short, about one year in length, but they may be renewed if the need lasts longer than the original term and the borrower has made payments in good faith. You can see that these Houston bridge loans actually bridge the gap between needing financing and having a more permanent source of financing come through.

Both companies and individuals need bridge loans for a number of different reasons. Consider some examples, so you can see if the apply to you:

Commercial financing: In some cases, companies need to wait for investor financing to come through, but they can use a bridge loan from a Houston hard money lender to buy commercial property they need to run their business.
Residential mortgages: In other cases, individuals may not have good enough credit to apply for a bank loan, and they can use a bridge loan from a Houston hard money loan company to improve their credit or buy time until they can sell a home or other type of property that they own.

How Do Houston, TX Hard Money Loans Work?

Typically, Texas hard money lenders offer to lend money for some percentage of the value of the property that you intend to purchase. That amount of equity in the property is their collateral against default. Additionally, hard money loans tend to have somewhat higher interest rates than the ones offered by mortgage companies, banks, and other financial institutions, and they are typically used by both business and individuals when traditional lenders are not an option because a borrower has poor credit, gets overextended, or needs money very quickly.

Do You Need Fast Cash from a Houston Hard money lender?

The advantages of hard money loans in Houston is that they are very fast. Often, borrowers can get an answer within hours and days, and they can also have the money they need rapidly. Traditional mortgages can take months or even years to get processed and approved.

They are a source of mortgages for poor credit borrowers who cannot qualify for a bank or mortgage company loan. Hard money lenders in Houston may use some other sources of information, but they tend to base a big portion of their acceptance decision on the value of the property that will be used as collateral, and they do not base them solely on credit scores.