Dallas Private Money Lenders for Real Estate Investors
Seeking a private money loan secured by real estate in the Dallas metro area? On this page you'll find a list of direct private money lending companies that offer fast funding for a Dallas property purchase, refinance, or equity cash out in 1st lien position. Private money loans are for short term (3-24 months) and primarily qualify based on equity in the subject property, at least 30% for most lenders. So you'll need a 30%+ down payment for a purchase, and for a refinance, the maximum loan-to-value is 70%.Searching...
Sorry, your search returned no results.
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Dallas Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for Dallas private money loans in the 4th quarter of 2023 was 11.22%. The average loan amount was $412,927. These stats are the average of 66 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in the Dallas Fort Worth Metro Area between October 1, 2023 and December 31, 2023 by multiple private lending companies that use Lightning Docs as their preferred software provider to prepare loan documents. Of the 66 total loans in the 3-month period, 47 were secured by properties in Dallas County, 9 in Tarrant County, 5 in Collin County and 5 in Denton County.
Funded Private Money Loans in Dallas
Bench Equity, a private money lender for alternative loans, funded a $760,000 private money loan in 1st lien position for the acquisition of a single-family residence in Dallas, TX. The purchase price was $951,000. We funded 80% of the purchase and the Borrower contributed 20% cash at closing. The Borrower originally shopped around for other lenders believing she had maxed out her available balance with Bench Equity, but when the other lender changed her terms the day before she was supposed to fund we were able to get the deal done on time and at a better rate. Our hustle and drive to provide excellent service helped her acquire her largest property, which sold 5 months later for a healthy profit after completing a major renovation to modernize the property. The subject property was approximately 3,163 square feet. It was in good condition and vacant at closing. The Borrower plans to sell the property as an exit strategy. The interest rate was 11%. The loan term was set at 6 months. This SFR private money loan was funded in April 2022.