Get a Fast Answer :Call Us For Rapid Loans:713-784-7676
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.