A Fort Worth hard money loan for real estate investing is no different from a private hard money loan.
These loans can be given by a business or a private lender just like any other hard money loan.
Obtaining a Fort Worth hard money may require a certain amount of credit or use a property as collateral, to prove to the lender that your business is successful and that your odds of paying off the loan are high. These Fort Worth hard money loans can grow to as large as $1,000,000 plus the unbelievable interest rates that can reach almost 30%.
Acquiring a business loan from any bank or institution is becoming almost impossible even for the most successful businesses in the world today. There is a great deal of terms and conditions as well as red tape for any business owner to get through to even be considered for a bank loan. This is why so many real estate investors are relying on hard money loans to avoid the government and legal hassles that bank loans will bring to their businesses.
The structure of any Fort Worth loan is generally for short term, 6 months or more, depending on your situation. Any business who is taking under a hard money loan generally has more than enough to pay it back. Today, real estate investors are taking out hard money loans to increase their profits, make a quick real estate sale sale or improvements on a fixer-upper.
With these reasons, the real estate investment business does have the money to take out an extensive loan and pay it back within the year. These are the types of clients that hard money lenders like to work with because they know they will get their money back instantly and that the client will be back for another loan not long after to again expand their business in some way.
Fort Worth hard money loans are now becoming more popular than any other type of hard money loan because of the trouble that businesses have to go through with the banks to get any type of funding for their business, whether they have good credit or not.
You Found DFW Hard Money
Serving the Dallas-Fort Worth Real Estate Market.
DFW Hard Money is a lender offering real estate hard money loans in Fort Worth, Dallas, and the DFW Metroplex. We strive to make the process quick and easy for all parties to the transaction and offer competitive rates in the current hard money lending marketplace.