Denton-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

Denton-Texas Hard Money Loans

A hard money loan can mean the difference between you funding your real estate investment dreams and you having to miss out on them. A hard money loan is a short-term real estate loan that people use to fund real estate purchases. They’re favored by real estate investors looking for money that will help them compete in the real estate market.

If you’re planning on getting a hard money loan, you should know the pros and cons so that you can make the best decisions for your circumstances.

Pros of Hard Money Loans

There are many reasons that getting a hard money loan would make sense to borrowers.

Money is Delivered Quickly
The turnaround time between the time you get approved and the time you get cash in hand is extremely quick. Most borrowers will have their cash in under a week, and some will get theirs even sooner. This quick turnaround time makes it possible for investors to respond quickly to fast-moving real estate transactions like bidding wars and hot properties that have poppped oup on the market. Traditional loans take anywhere from 30 to 45 days to be approved, and most traditional lenders make it really difficult to get loans to purchase real estate investment properties.

Your Credit Rating is Secondary
A hard money lender will look at your credit rating to get an idea of how you make payments, but the primary factor that will be considered when making a loan determination will be the value of the collateral you bring to the table. Hard money lenders lend money to people who have the collateral to back up the loan. That collateral could be a property you already own or the property you’re planning on purchasing. In the case of hard money loans, it’s usually the latter.

The Terms of the Loan May Be Flexible
Hard money loans are made by individuals and investors instead of banks. This means that a lot of the set-in-stone terms that you’d encounter with a traditional bank are for the most part absent here. Hard money lenders definitely have their rules, but they may be able to be more flexible with the terms of the loan. Speak with the lender that you’re interested in, and see what they have to offer.

Cons of Hard Money Loans

The following issues are things you need to think about before you move forward with a hard money loan.

The Interests Rates Are High
The interest rates for hard money loans are higher than the ones that you’d get with a traditional lender. The reason that they’re higher is because short-term real estate investment loans are riskier, and the hard money lender is taking on that risk. Pay attention to the interest rates, especially if you’re not making any payments until the loan comes due at the end of the loan term. Interest can tack on many thousands of dollars to a loan.

There’s One Giant Balloon Payment at the End of the Loan Term
Hard money lenders are paid back at the end of the loan term, a period which can last anywhere from six months to three years. The thinking is that your investment property will sell, and the lender will be paid. This is great if the property sells. If the property doesn’t sell, you’ll have to refinance the loan, a contingency plan that you’ll have to account for ahead of time. If you don’t have a back-up plan in place when the loan comes due, the lender could foreclose on your property. Make absolute sure you have a plan in place for a worst case scenario.

The Industry Has Little Federal Oversight
The days when the industry was overrun with predator hard money lenders has passed, with most people having a good experience with lenders today. In spite of this progress, it’s still possible to be taken in by an unscrupulous lender if you don’t do your homework.

Hard Money Loans

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