Dallas Hard Money Loans
We Offer Hard Money Loans in Dallas-Fort Worth and Surrounding Areas
Noble Mortgage & Investments is an industry leader in providing residential and commercial hard money loans for Dallas investors.
Residential Hard Money
Residential hard money loans are specially designed for the quick purchase and repair of distressed properties in Dallas. 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.
Noble’s 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
Rate:
TBD, typically 11%-14%
Loan Amounts:
$100K-$1.5MM (Minimum $100K outside of Houston)
Amortization:
TBD, Interest-only & 20-year amortizations available
Term:
1 to 5 years
Recourse:
Yes
Fees:
3-4% (can be rolled into loan if LTV allows
LTC (Loan to Cost):
Up to 100%
LTV
Up to 70% on “as-is” or “as repaired” value if repairs are included
Commercial Hard Money Loan Programs
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
Rate:
14%-16%
Recourse:
Yes
Loan Amounts:
$100K-$5MM
Amortization:
Typically interest-only
Term:
1 to 5 years
Fees:
4%-5% of the loan amount
LTC (Loan to Cost):
Up to 85%
LTV
Up to 65%
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 Choose 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.
How Do I Qualify?
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.
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 Choose 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.
How Do I Qualify?
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.
