Leading Brokerage Firm
As an investment real estate brokerage firm, GenWealth Capital Commercial has developed an efficient process for obtaining financial resources for real estate investors and developers alike. If you are in need of Dallas hard money loans and lending, then we can help make your investment dream a reality.
Exceptional Financial Products & Services
At GenWealth, we pride ourselves in our ability to assist our clients in reaching their personal financial goals as a Dallas private money lender. We offer loans to real estate developers and investors for commercial properties and construction.
What is a Hard Money Loan?
Dallas hard money loans and lending are mostly based on a property’s value as collateral. Generally, you can receive a loan for up to 80% of the value of the property. These types of loans are usually provided by hard money lenders. Getting approved for loans through a traditional lender tends to be a slow process even if you have a great credit score and sufficient income.
How do I get a Hard Money Loan?
The way to get a hard money loan is usually to go through a private investor or company, or a hard money lender. The interest rate for a hard money loan is usually higher than the interest rate of a conventional residential or commercial property loan. One of the perks of a hard money loan, however, is they typically close faster at roughly 15-45 days, which varies depending on the type of file and its complexities.
If you are looking for a fast loan process and minimal paperwork, hard money lenders are the best option. The benefit of a hard money loan is the freedom to close quickly, as if you were paying with cash. If you have a financing need for a commercial investment property, we have a program that will work for you.
Helpful Financial Resources from GenWealth
When you work with GenWealth CapCo, you will experience how different we are from most brokers, as our team has formal credit training and commercial/business lending backgrounds.
For more information about Dallas hard money loans and lending, reach out to us today!