DFW Specialty Lending is a firm comprised of private money lenders. We help investors that are purchasing non-owner occupied single family homes gain funds quickly and with little or no money down. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan products designed specifically for those investors who require fast, efficient short term loans at a premium price when conventional financing is not possible.
If you are tired of the run around associated with conventional loans due to strict underwriting guidelines, timeline restraints and various other conditions, we at DFW Specialty Lending are relationship lenders with one goal in mind; to help our clients/investors in the Dallas/Ft Worth, Texas area reach their financial goals. Our niche is lending directly to investors who need fast, equity based funding without any red tape and minus the delays of traditional lenders.
As seasoned real estate professionals with nearly six decades of lending experience, we offer rates and terms that are not available through traditional avenues. Having deep ties in the Dallas/Fort Worth community, we understand the investor's needs from many different levels. Besides being in the banking industry for a combined total of 60 years, we live and work in the Texas area and would welcome the opportunity to support your financial goals with a hard money loan.
If you are ready to work with a credible private money lending firm and your goal is to obtain a hard money loan, we are here to help! Take a moment to review our site and get a good feel of our services. Check out our frequently asked questions as it may answer an important query you have about an asset based loan with little or no money down. Our professionals can be counted on to offer a quick solution to your loan needs and our friendly, personal service is only a phone call away. Rates are competitive within the industry.
What exactly is a hard money loan? To put it succinctly, a hard money loan is an alternative for borrowing money and is made available to individuals and companies from private sources. Successful real estate investors in today's market rely upon hard money lenders and rehab hard money to purchase investment property which allows them to buy and sell / fix and flip properties. DFW Specialty Lending funds non-owner single-family real estate loans that do not meet bank standards in addition to lending to borrowers who have time constraints.
Hard money loans are creative financing that might not otherwise be available from a conventional lender. While hard money loans are more expensive than traditional loans, they are not based upon traditional credit guidelines. These types of loans are offered by lending companies specializing in a real-estate backed loan. Set apart from traditional lending sources, hard money loans are generally cash loans that are funded by private investors. Because these private investors fund deals that do not conform to bank standards, a hard moneylender has the capacity to close quickly, as terms are more flexible with little or no funds out of pocket for the real estate investor. Although interest rates are higher than traditional loans and totally different from a traditional mortgage where the ability to qualify is completely dependent upon an individual's credit score and income, hard moneylenders provide short-term loans that provide funding based on the value of real estate that has been collateralized for the loan.
Generally the investor seeking a hard money loan may be in transition and does not qualify for traditional financing. Hard money loans often refer to a possibly distressed financial situation, such as being in arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring. In the case of DFW Specialty Lending, investors are single-family individuals and investment property owners.
The qualifying criterion for a hard money loan or asset based lending varies in different situations, as well as by the loan purpose. At DFW Specialty Lending, borrowers primarily qualify for a loan amount based on the value of the real estate being collateralized and always with little or no money down.
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