Houston hard money lenders

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.

Jason

Founding Partner (Cut and Stitch)
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

Houston hard money lenders

Getting approved for a real estate investment loan from a traditional lender is a real hassle, especially if  you have a questionable, or extremely poor, credit history. With a low credit score, it can literally take you weeks or months to be approved for mortgage. Even if you have a good credit history, it can still take some weeks for the process – beginning to end. It does not matter that sometimes you’re in severe need of quick money. The process takes time – end of story.
Hard money lenders, on the other hand, consider the collateral you’re giving up – as opposed to your financial capability to pay the loan back. Hard money loans require you to put up collateral – incase you default on the loan. Hard money loans are usually meant to help businesses financially, or to help businesses buy land/property. If you neglect to repay the money given to you, then the hard money lender who gave you the money will take possession of the collateral and sell it to get back their money. Lenders prefer not to take possession of your land – they’d rather get their loan repaid.
Hard money loans are most convenient and valuable to investors who want to renovate, or improve, a real estate property prior to selling it at a higher price. Real estate investors generate an ROI and repay the borrowed cash within a short period of time.
Hard money loans, like any other loan, come with their own advantages and disadvantages. This article discusses some of the pros and cons of hard money loans.
Hard money loans have short approval timelines
Hard money lenders are not concerned about your credit rating. Hard money lenders are more concerned about the collateral and will process your loan quickly if your collateral justifies the loan. They only care about the collateral. It’s important to be aware that hard money lenders aren’t always interested in taking possession of your property. The more information you provide about the value of the property, it’s initial cost, and after repair value – the faster they can process your hard money application.
Flexibility
Unlike standard loans, hard money loans arrangements and provisions are flexible. Instead of dealing with a large corporation, you’ll be speaking to an individual who is prepared to assist you create the best loan possible. They do not adhere to a standardized set of guidelines when setting up your loan repayment schedule. Lenders are extremely flexible, and work with you to give create a plan plan that works best.  That means you can negotiate a flexible timeline, and negotiate every single variable of the loan. Each lender is different, so if one lender is being difficult – you can go to another one.
Approval
When it comes to hard money loans, the lender is most concerned with how secure the loan is. If you would like to invest in real estate, the lender will give you a loan value as much as 70-80% the properties value.
In case you have any issues with your credit history, that’s ok. Some lenders don’t even look at your credit score.
When it comes to loan-to-value ratios, hard money lenders prefer low ratios, with the highest being between 50 and 70 percent. They do this to give themselves a better prospect of getting their money back should they have to sell the property after your inability to pay the loan.
Accessibility
You can apply and get a hard money loan in a matter of weeks. This is valuable, especially to borrowers looking buy a real estate investment property fast.
Disadvantages of Hard Money Loans
Repayment period
Unlike conventional loans that take longer to be paid, hard money loans have been designed as a short term solution. This usually means that you will need to repay the loan in the shortest period possible, prior to the hard money lender your property. If you don’t, the lender will take your asset and sell it – in order to get their cash back.
Increased expenses
In contrast to traditional loans, hard money loans tend to be more expensive. In addition to the loan origination fees, you’ll also cover closing and servicing expenses. If you take hard money, it can cost you 10 percent more than it would have on the standard loans. Obviously, hard money loans are much convenient.
Hard money loans have a typical than normal interest rate because of the “extra risk,” the lender is taking.  Interest rates usually range between 9 and 14 percent.
Before giving you a hard money loan, lenders ask that you provide a down payment of up to 25-30 percent. This is supposed to incentivize you to complete the project
What’s next
If you decide a hard money loan is right for you, the next step is to reach out to us. Delancey Street is concerned about one thing, and one thing only – your project. If we think you’ll succeed, we’ll give you the funding you need. Help us understand your opportunity, and how our funding can help you manifest your goals. We focus on your end game, and look for a business plan that shows how much money you need, how you’ll use it, and when the loan will be repaid.

Hard Money Loans

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