We Offer Hard Money Loans in Dallas and the Surrounding Areas
Noble Mortgage & Investments is an industry leader in Dallas hard money loans for residential and commercial investors.
Residential Dallas Hard Money Loan Programs
Residential Dallas hard money loans are specially designed for the quick purchase and repair of distressed properties. They are also for those needing a quick cash-out on investment properties. Of course, these fix and flip loans can fund up to beyond the purchase price, repairs, and even closing costs. On a limited basis, Noble Mortgage also funds new construction loans and owner occupied properties.
These Dallas hard money loan programs typically close within 10 business days.
|Property Types||All 1-4 unit properties considered|
|Loan Types:||Rehabs, Cash-Outs, Purchases, Refinances & new construction No Home Equity Loans|
|Markets||Houston, Austin, San Antonio and Dallas/Fort Worth, Texas|
|Loan Amounts||$50K-$1.5MM (Minimum $100K outside of Houston)|
|Term||1 to 5 years|
|Amortization||TBD, Interest-only & 20-year amortizations available|
|Rate||TBD, typically 11%-14%|
|Fees||3-4% (can be rolled into loan if LTV allows)|
|LTV||Up to 70% on “as-is” or “as repaired” value if repairs are included||LTC||Up to 100%||Recourse||Yes|
Commercial Dallas Hard Money Loan Programs
The emphasis of Noble Mortgage’s commercial hard money loan programs in Dallas is to provide investors purchasing or refinancing properties that produce commercial income. These are also properties that do not qualify for conventional financing.
These are properties in need of improvements. Properties with low occupancy, or properties in need of repositioning.
|Property Types||Apartments, Office, Retail, Office-Warehouse & Single-Tenant|
|Market||Houston, Austin, San Antonio and Dallas/Fort Worth, Texas|
|Fees||4%-5% of the loan amount|
|LTV||Up to 65%|
|LTC||Up to 85%|
What is a Hard Money Loan?
This is your opportunity to invest in investment property without needing the cash to make the purchase. These loans are for serious investors who are able to quickly fix and flip, properties in need of significant repair or repositioning.
The loan is based on the ARV – after repair value – meaning that you can buy cheap, contract the needed repairs, and also sell at a profit. Also, these loans are short term and require a solid plan to repay the advance quickly.
Why Hard Money?
If you have an eye for hot property, then have the vision to transform it. If you also have the determination to fix and flip it quickly, then a Dallas hard money loan is probably for you. Of course, our generous lenders like working with imaginative go-getters that can follow through on their investment.
More About Hard Money Loans in Dallas
Your approval for a commercial or residential hard money loan program will rely on several factors. Your credit score and the property’s profit potential are the two most important factors. We’ll also consider your funds and any previous bankruptcies. These loans have high interest rates, short lives, and can also close in 10 business days or less.
Contact Noble Mortgage for Your Dallas Hard Money Loans
If you’re a serious investor who’s ready to achieve your dream of impacting the Dallas real estate market, then contact Noble Mortgage today. Our representatives will talk to you about your real estate financing needs. Contact us online or call today (214) 492-0100.
Already ready? Prequalify for your loan today!
Dallas Hard Money Loans | Noble Mortgage & Investments, LLC. – Dallas, Houston, San Antonio, Austin, TX