Brownsville-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

Brownsville-Texas Hard Money Loans

Understanding Hard Money Loans – Brownsville-Texas
Finding a mortgage loan product as a real estate investor or a consumer can be challenging. Especially if you don’t qualify for conventional mortgage loans. Sometimes there’s a need for other options that will fit your individual needs. A hard money loan can be an alternative solution, and the information below can help you decide if it’s the right loan product for you.

About Hard Money Loans

Hard money loans are real estate loans and there are a variety of different types, such as bridge, fix-and-flip, construction and owner-occupied. In most cases, these loans are made based on your collateral as opposed to your ability to repay the loan. Hard money lenders are private individuals and companies that fund loans based on varied criteria. These lenders are often flexible and willing to provide custom loans to accommodate your needs.

Let’s take a closer look at the above referenced loan types. Just as the name implies, fix-and-flip loans let you buy a rehab property, fix it up and resell it, then pay the loan off. A bridge loan enables you to buy a property now, even before getting the cash down payment by selling a property that you presently own. You can also use a bridge loan to buy a property fast and then resell or refinance it. Real estate developers use construction hard money loans for new construction projects and they either resell or refinance it immediately.

Owner-occupied loans are different because these loans are not for investment purposes, but for consumers who are unable to qualify for other types of loans, but desire to purchase property that they will occupy. Owner-occupied loans are less common in the world of hard money lending since there are a lot of regulations associated with consumer loans, such as Dodd-Frank. There are also different licensing requirements. While most hard money lenders do not provide owner-occupied loans, there are some that do offer this product.

How Hard Money Loans Work

One of the benefits of hard money loans is that the application process is fast and usually takes less than a week. Generally, you will be required to have a down payment and it will often be determined by the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. Just keep in mind that each lender is different and the requirements can vary greatly.

A unique aspect of hard money loans is that they are for a very short term that could be a couple of years, but is more often 12 months. Instead of making monthly payments that consist of the principal and interest like many traditional loans, you will make interest only payments. Some hard money loans don’t require you to make any payments at all, which can make this type of loan appealing to real estate investors. At the end of the term, you will bring the balance to zero through a balloon payment that consists of the principal, the remaining interest and any fees.

Is a Hard Money Loan Right for You?

When people are unable to qualify for a traditional loans, a hard money loan might work because the lenders are more willing to create a custom loan product. Hard money loans are often chosen by people who have bad credit and need money fast. These loans have also become popular because the requirements are more lenient and you’re able to get the money that you need quickly.

When it comes to weighing the benefits and the downsides of hard money loans, some borrowers recognize that having access to quick money can allow them to take advantage of more investment opportunities, which can mitigate concerns. Nevertheless, it’s important to move forward cautiously and ensure due diligence when making a decision.

Hard Money Loans

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