Texas multifamily is booming — and private hard money lenders are stepping in where banks won’t go. Whether you’re buying a 6-unit in Houston, a 24-unit in San Antonio, or a 50-unit value-add in Dallas, we offer hard money and bridge financing with no tax returns required and close times as fast as 10 days.

What Counts as Multifamily for a Hard Money Loan?

For hard money lending purposes, multifamily typically means:

5+ units — classified as commercial real estate (not residential)
2–4 units — can also be financed on DSCR terms
Apartment complexes, garden-style apartments, townhome communities
Student housing, workforce housing, senior housing

The 5-unit threshold matters because it moves from residential to commercial underwriting — which means Fannie/Freddie rules don’t apply and private lenders can be much more flexible.

Why Texas Multifamily Investors Use Hard Money

Hard money makes sense for multifamily in several scenarios:

Value-add acquisitions — buying a distressed property that won’t qualify for bank financing in its current state
Fast closings — winning deals in competitive markets requires speed, not 90-day bank timelines
High leverage — some private lenders will go to 75–80% LTV where banks cap at 65–70%
No income documentation — self-employed investors, foreign nationals, and those with complex tax situations
Lease-up bridge — property is vacant or below 85% occupancy and doesn’t qualify for DSCR financing yet

Our Texas Multifamily Hard Money Programs

Acquisition / Bridge

Loan amounts: $500,000 – $10,000,000
LTV: up to 75% purchase price or 70% ARV
Term: 12–24 months, interest-only
Close: 10–21 days
No tax returns, no income verification

Cash-Out Refinance

Pull equity out of existing multifamily without refinancing into a new long-term loan
Up to 65–70% LTV on current value
Interest-only bridge while you stabilize or reposition

Value-Add Rehab

Finance both acquisition and renovation in one loan
Draw schedule for rehab funds
Exit into DSCR or agency loan once stabilized

What We Look at for Multifamily Hard Money

Our underwriting is asset-based, not borrower-based:

Property value — current “as-is” value and after-repair value
Rental income — actual rents or market rents, current occupancy
Debt Service Coverage — property cash flow vs. loan payments (we like 1.0x+ on bridge deals)
Exit strategy — how will you pay off the bridge loan?
Sponsor experience — some multifamily experience preferred on larger deals

Texas Multifamily Markets We Lend In

We finance multifamily deals across all major and secondary Texas markets:

Houston metro — Houston, Katy, Sugar Land, The Woodlands, Baytown
DFW — Dallas, Fort Worth, Arlington, Plano, Irving, Frisco, McKinney
San Antonio — San Antonio, New Braunfels, Seguin, Schertz
Austin — Austin, Round Rock, Georgetown, Cedar Park, Pflugerville
Other TX — El Paso, Lubbock, Amarillo, Midland, Odessa, Corpus Christi, Waco, Beaumont

Start Your Multifamily Loan Today

Send us the address, unit count, current rents, and how much you need — we’ll turn around a term sheet in 24 hours. Apply now or call us to discuss your deal.

Multifamily Hard Money Loans Texas: 5–50 Units, No Tax Returns