Fast Hard Money Loans For Experienced Investors

Delancey Street provides hard money loans nationwide to investors who have a verifiable track record. We fund up to 70-80% LTV, and focus on residential projects such as: buy and hold, fix and flips, and commercial real estate acquisitions. The biggest factor we look at is the experience of the investor and the LTV of the project they're requesting assistance with.

80% LTV

We fund loans up to 80%
LTV with no issues.
We DO NOT do 100% financing.

Fast

We promise to treat you
like a partner.
We don't like wasting time

No $ Limit

No limits on what we can
do for you.
We max out at 80% ARV.

70-80% LTV For Seasoned Developers Nationwide

Fix and Flip, Cash-out Refinance, and Acquisition Loans
For Experienced Real Estate Developers.

We Fund Real Estate Projects Nationwide

We fund projects nationwide, ranging from fix and flips, to commercial acquisitions. Bottom line, we can help - regardless of the size, or difficulty of the project. We do not do 100% financing - and prefer working with experienced real estate investors.

Recently Funded Projects

Hard Money

Financing for fix and flips, commercial estate, and acquisitions / refinancing
Financing up to 70% of the After Repair Value
We charge 9-10% on average, with no junk fees

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.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

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