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Fast Transparent Hard Money for Fix & Flip Projects in DFW
We are a direct asset-based lending firm in Dallas that takes the frills out of the funding process by lending directly from our own capital, not brokering your loan through another lender. Our mission is to fund your investment projects quickly by reducing unnecessary fees and being transparent about expenses related to acquiring capital.
All Fees Deferred to Loan Payoff
We typically charge 3 fees: origination points, appraisal, loan docs. We don’t require our clients to pay these fees until the loan is paid off, without interest. We will pay the appraiser and attorney. Also, interest for the first month can be deferred to payoff.
Property Geographic Area Details
Dallas Fort Worth metro area only
Loan Amounts
$50,000 to $2,000,000
Interest Rates
10% to 12%
Max Loan-To-Value
70%
Max Loan-To-Cost
100%
Origination Fees
1% to 3%
Loan Terms
3 months to 36 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Commercial Condominium
- Condominium
- Multifamily
- Retail
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Fix and Flip
- Residential Rehab and Rent
Specialty Loan Types
- Transactional Funding
Purchase Loan
Max Loan-To-Purchase Price
90%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Seller Financing
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
7Maximum After Repair Value
70.00%Details and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
5Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
no
Will lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Loan Application
Personal Guaranty (Recourse) Required
SometimesCredit Check Required
noAppraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Underwriting Fee
$900.00 to $900.00
$450 Commitment Fee at acceptance of Loan Terms and $450 at Closing
Fees which are mandatory for all new borrower clients
- Underwriting Fee
Fees which are charged upfront prior to loan closing
- Underwriting Fee
Lone Star Hard Money is local hard money lending firm located in Dallas, TX. Since opening our doors for business in 2014, Lone Star Hard Money has been funding successful fix & flip, rental, and cash-out deals throughout the DFW metro area. Our success has come from building lasting relationships with clients through competitive rates and transparency through the entire loan process. We provide not only funds for acquisitions and construction, but also offer our expertise and resources every step of the way. As a local lender we pride ourselves on our ability to quickly analyze, fund, and inspect properties to keep our clients working instead of waiting.
Our mission is to fund your investment projects quickly by reducing unnecessary fees and being transparent about expenses related to acquiring capital. Our experience in the DFW Real Estate market sets Lone Star Hard Money aside from other lenders, with local resources ranging from Appraisers to Insurance Agents. Our application process is simple and fast, approvals are based on the presence of a good deal not just your credit score. Apply now and find out how much your project has been pre-approved for today!
Company Size (Number of Employees)
2
Year Established
2015
Office Locations
2750 Merit Drive, Suite 400, Dallas, Texas 75251Primary Capital Source
- Single Capital Partner
Loan Structure for Majority of Loans
- Own Balance Sheet
Percentage of Loans Secured by Residential Property
100%
Percentage of Residential Property Loans Which are Fix and Flip
100%

Jay Mumm
President
