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

Houston Hard Money Loans

There are certain situations in which a traditional mortgage lender may not be able to offer the most suitable solution. In particular, people who would like to flip houses, but do not have enough capital are likely to have more difficulty getting approved for a traditional mortgage loan. In similar cases, the borrower may consider a hard money lender. As is the case when making any other major financial decision, there are multiple considerations a borrower should make prior to choosing a hard money lender.

Hard Money Loans in Houston
Hard money loans are less popular than traditional mortgages; therefore, most people are unfamiliar that these types of loans exist. Hard money loans are asset-based loans. Lenders use the property for which the loan is approved as a hard asset and collateral. In considering whether or not to approve the applicant for the loan, hard money lenders primarily look at the borrower’s income and credit history. Hard money lenders ideally look for a credit report that reflects the borrower’s commitment to paying his or her borrowed debts back to creditors on time. Because the property the borrower uses the loan to purchase is used as collateral for the loan, lenders simply plan to recoup unpaid debt by taking the property back and selling it in the event the borrower defaults on the loan. Therefore, at the end of the day, the lender is more concerned about the value of the collateral than the borrower’s ability to pay.

Houston Hard Money Loan Approval Process
The process of getting approved for a hard money loan may feel intensive for most people. In addition to looking at the borrowers credit scores and income, lenders will also look very closely at negative items on the individual’s credit report. Not only do negative items slow down the approval process, but the lender may ultimately decide not to approve the loan. Therefore, individuals who have plenty of income and satisfactory credit scores may wish to avoid pursuing hard money if they have past negative entries on their credit profile.

Advantages to Choosing a Hard Money Loan
Because hard money loans have a higher interest rate than a traditional mortgage loan, most borrowers intend to utilize the loan for no more than 6 to 24 months before paying it back in full. Most hard money loans are available for terms ranging from one year up to five years. One of the major advantages of choosing this type of loan is having the ability to close in a much shorter period of time, which in some cases may be a matter of days. Hard money lenders are generally more flexible than traditional mortgage lenders. Therefore, under certain circumstances, the borrower and the lender may be able to work together to tweak certain aspects of the lending process such as the repayment schedule. A traditional lender, on the other hand, is more likely to be bound by strict corporate policies.

Who Should Apply for a Hard Money Loan?
Although hard money lenders place more of an emphasis on the value of the collateral than the borrower’s ability to pay, there are still some stipulations that generally make some people better candidates for these loans than others. Hard money lenders tend to keep loan-to-value ratios at a maximum of 50 to 70 percent. Therefore, applicants generally need to have assets in order to qualify. Although people who fix and flip properties most often use hard money loans, it is possible to use this type of loan to purchase a property for long-term, traditional residential purposes. However, people who obtain a hard money loan for a home they wish to live in for years should refinance as quickly as possible to obtain a more favorable interest rate.

There are several advantages to obtaining a hard money loan, particularly for people who are looking to invest in buying and selling real estate within short periods of time. A hard money lender can provide more information about application requirements and the approval process.

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

ESOP

ESOP – employee stock ownership plan, is a qualified employee…

Financing Small Businesses: How It Helps The Entire Community

Small business financing is a great thing, but many people…

Here’s Every Document You’ll Need to take a Small Business Loan

Documentation and paperwork is the single largest obstacle to most…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now