At The Bridge Financing, we specialize in hard money loans for real estate investments, performing and non-performing notes, and other small bridge loans. You may have some questions about exactly what a hard money loan is, what it can be used for, and who would benefit from this type of loan. If so, you’ve come to the right page! If you’re already pretty sure that a hard money loan is right for your real estate investment, call us now at 214-886-7947 or apply here.
But if you’d like to know more before you call, read on.
What is a hard money loan?
A hard money loan – also known as a “bridge loan” – is a short-term investment loan provided by a private lender, like us. We’re not a bank, a credit union, or a traditional financial institution that provides traditional loans. We lend our own money. This makes the lending process quick and easy, because all of the agreements and decisions are up to us!
One of the main differences between a hard money loan and a traditional loan is how we determine how much money you qualify for. Rather than basing the amount of the loan on your credit score, we base the amount on the value of the property that you would like to invest in. If we determine that the property has a high value, you will get a bigger loan. If we determine that the property is not so valuable, we will be more cautious, if we decide to lend at all.
What qualifies for a hard money loan?
The Bridge Financing provides hard money loans for properties in low-income areas of Dallas. We also lend on land in East and Central Texas including Navarro, Kaufman, and Henderson counties.
If you are looking to invest in commercial property, rental property, property that you intend to renovate and immediately sell for, we will happily work with you to put together a loan that meets your needs.
Our loans are currently capped at $50,000 per transaction, but we are flexible for larger deals.
Who should consider applying for a hard money loan?
Hard money loans are a great real estate investment tool for:
- House flippers
- Business owners, both established and new
- Real estate developers
- …and anyone else looking for a short-term loan to finance a real estate project for property that they do not currently reside in.
What sorts of projects are hard money loans good for?
Hard money loans are good for quick financing of projects such as:
- Major renovations of properties that will be put up for sale or rented
- Major renovations or purchase of commercial properties
- Cash-out on investment properties
- Transaction funding of all types of deals
- Performing and non-performing notes
Why choose The Bridge Financing for hard money loans?
We invest in areas and in people that cannot get loans elsewhere. We believe in people who come from low-income households and want to create wealth for themselves and their families. We believe in the communities and the people that reside in the low-income areas of Dallas and all around Texas and we will work to assist people investing in their communities as we also continue to invest.