Beaumont-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

Beaumont-Texas Hard Money Loans

Real estate loans don’t always fall under the description of a conventional mortgage. With a mortgage deal, a borrower acquires a loan to purchase a home. The borrower then repays the loan at a predetermined annual percentage rate (APR). Not everyone, however, qualifies for a mortgage. Their financial background or reasons for borrowing make traditional mortgages out of their grasps. A hard money loan could be the preferred option for these borrowers in Beaumont, TX and elsewhere.

What is a Hard Money Loan?

A hard money loan differs from a traditional mortgage in one significant way: approval isn’t based on the borrower’s ability to repay. Instead, a determination derives from the value of the property.

Who Seeks a Hard Money Loan

Borrowers with different goals and backgrounds seek out a hard money loan. Their purposes might be atypical from the common reasons the average person wants to buy a home.

Investors interested in buying, renovating, and reselling a home at a profit often acquire hard money loans. Similarly, buyers may utilize a hard money loan as a “bridge loan” to expedite the purchase of property for resale purposes. Professionals involved in construction projects might find a hard money loan worthwhile.

Some people use hard money loans to own and live in the property. They don’t qualify for a mortgage, so they take advantage of hard money loan options. Generally, hard money loan approvals go mostly to investors as opposed to home buyers. We explain the reasons in the next section.

The Loan-To-Value (LTV) Requirement

One thing to understand about hard money loans is they do require something known as a Loan-To-Value (LTV) ratio payment. Essentially, this is a down payment on the loan, but the percentage is going to be much higher. A 20% down payment would be commonplace. Anyone interest in a $300,000 loan to purchase real estate in Beaumont, TX may need to put up $60,000 towards the acquisition of the property.

Hard money loans do open doors to investors who otherwise couldn’t procure a mortgage, but there are costs the lender must accept. Interest rates on hard money loans will be high, and fees could be added to the balance.

A Short-Term Loan

Hard money loans aren’t 15 or 30-year mortgages. Instead, these loans come with a rapid repayment term. Usually, the loan term runs about 12 months. Interestingly, the borrower may not be required to pay standard monthly installments on the loan. Interest-only payments could be at the core of the deal. The loan could also involve a balloon payment structure. That is, no payments are necessary until the end of the loan’s term.

These components aren’t the only ones that make hard money loans appealing to investors. Applications for the loans follow a streamlined process. Borrowers must meet requirements, but the overall application won’t come with many complexities.

Hard Money Loans Vs. Bank Mortgages

Besides the quick loan approval time, short repayment durations, and balloon payment deals, other differences exist between a hard money loan and a traditional mortgage. Credit checks don’t factor as much with a hard money loan as they do with a standard mortgage.

The lenders also look closely at the value of the property intended for purchase. While credit and income might not factor heavily in the approval process for a hard money loan, the collateral at the core of the loan is examined closely.

Be mindful that different rules exist for private individuals than for commercial businesses. Private individuals often use hard money loans to overcome obstacles with approvals for a mortgage. Per Dodd-Frank regulations and rules, lenders must qualify the private individual’s ability to repay the loan. Owner-occupied consumer loans, however, reflect a small number of such hard money loans.

Hard Money Loans

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