Most hard money loans are short term to cover the time it takes to repair the property and refinance or resell it, however; if the borrower needs more time they often have to extend the loan for a costly fee and a sharp increase in their interest rate, or potentially the lender could call the note due giving the borrower just 30 days to somehow repay the loan in full of face foreclosure.
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No, a hard money loan doesn?t just mean that lenders give you coins instead of soft cash. If you’re in a tight spot in Fort Worth, TX and need some quick money to pay a debt or buy real estate, a hard money loan might be the perfect "last chance" type of opportunity for you.
Founded in 1998, we are internally managed with a portfolio of commercial properties in Texas, Arizona and Illinois. primarily in and around Phoenix, Chicago, Dallas, Fort Worth, San Antonio and.
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We offer a variety of financing programs for residential new home development and spec home construction loans for home builders and general contractors in Dallas, Fort Worth, Austin, Houston, all over Texas and in select other.
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