DFW Hard Money Loan Requirements
- Investor non-occupant loans only
- Individuals, LLC’s, and corporations are allowed
- Personal guarantee will be required
- Lender will take a 1st lien position
- Insurance required
- Lender should be named as mortgagee on insurance policy
- Title policy is required, both owner and mortgagee
- Tax Certificate
- Survey may be required
- ACH draft required for monthly payment
For More information:
Loan Term Highlights | Loan Application
Posted in: