Abilene-Texas Hard Money Loans

We empower entrepreneurs, real estate investors, and businesses of all sizes challenge the status quo. We take risks on the go-getters, and do’ers – who have an opportunity and need a partner.At Delancey Street, we invest in people and their ideas – not abstract concepts like credit scores, or other financial metrics. Tell us about your idea, let’s discuss your opportunity

1

High LTV

We fund hard money loans up to 80-90% LTV with no issues.

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

Raised
APR
ARV
1,200,000
11%
82%
100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

Abilene-Texas Hard Money Loans

Once a real estate investor discovers a property they wish to purchase, they want to complete the transaction as soon as possible. However, if they pursue a traditional mortgage through a bank, gaining financing may take several weeks. Rather than go through this time-consuming process, many investors rely on hard money loans to get that perfect piece of property. But since hard money loans differ from traditional mortgages, knowing the details associated with these loans is very important before committing to this form of financing.

Project Flexibility
When an investor pursues a hard money loan, it may be for a variety of different projects. For some investors, the loan will be used for a fix-and-flip project, where they will purchase a property, quickly make the necessary repairs, and then sell it for a profit, enabling them to pay off the loan. For others, it may be used to purchase a property to start a business, or perhaps a construction project. Whatever the case may be, since these loans are provided by private individuals and institutions, each investor’s case is considered case-by-case, making these loans suitable for many investment options.

Repaying the Loan
Unlike mortgages where the bank assesses a person’s ability to pay back the loan, the lender of a hard money loan is concerned much more about the value of the property to be purchased, since it will be used as collateral for the loan. Along with this, the payments made on a hard money loan will not be monthly payments of equal value applied toward the principal. Instead, the investor will make interest-only payments, with a balloon payment at the end to pay off any remaining principal, interest, and fees. Also, it is important to note that while a mortgage has a payback period of anywhere from 15-30 years, hard money loans often have payback periods of no more than three years.

Have Your Own Money
While a hard money loan will typically provide an amount equal to as much as 90 percent of the property’s value, it will rarely if ever give an investor the full amount to purchase a property. Because of this, any investor preparing to use a hard money loan must be prepared to have 10-20 percent of the property’s value ready as upfront money. In most cases, the lender will look at the property’s loan-to-value ratio or after-repair ratio, which will let them determine how much money they will lend toward purchasing the property.

Past Financial Problems
If an investor who has had past financial problems with bad credit or bankruptcies attempts to secure a mortgage at a bank, they are most likely wasting their time. However, if pursuing a hard money loan, the lender cares little about these or other financial problems from the investor’s past, since they are in a win-win situation. For the lender, either the loan is paid off on time, is refinanced at a higher interest rate, or they foreclose on the investor and take ownership of the property. However, since past problems are not an issue in securing hard money loans, investors can gain these loans very quickly, often in less than one week.

Finding Hard Money Loan Lenders
For investors who have never used a hard money loan to purchase property, one of their biggest obstacles is finding a lender who specializes in these loans. But while this may sound difficult, it is often much easier than most people realize to find a source of local hard money loans. In most cases, simply asking other investors or real estate professionals will usually lead to many sources of these loans. In many places, chances are numerous investors are using this method of financing, so finding a local lender should be no problem.

Hard Money Loans

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