McAllen-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

McAllen-Texas Hard Money Loans

Borrowers can never be too careful when applying for a hard money loan. While hard money loans are seen as the hassle-free way to access money for investment purposes, investors should be sure to choose the right lender.

Questions to Ask Hard Money Lenders

Though there are many honest money lenders in the industry, investors must exercise caution when applying for a loan. It is important that you do your due diligence to find a lender that you can trust. Even though someone looks good on paper or online, this doesn’t mean that they’re the lender for you. Consider the following questions as you look for a lender in McAllen, Texas:

  • Does the lender work with owner-occupied properties?

    Borrowers that are aiming to use their hard money loan for their own residence need to ask this question. Though most hard lenders avoid giving out loans for owner-occupied properties, there may be a few exceptions.

  • How are borrowers expected to repay the loan?

    As there are various reasons one may obtain a hard money loan, not all lenders have the same stipulations for repayment. Will you be expected to provide interest-only payments throughout the term? Are no payments expected? Is the full balance to be paid in a final balloon payment?

    The answers to these questions may be the deciding factor when choosing one lender over the other.

  • What are the interest rates?

    Some lenders hide the details of their interest rates. If the information isn’t clearly displayed, be sure to ask the lender to clarify their interest rates. Once you have a tally of all the various interest rates from different lenders, you’ll be able to take the cheapest available option.

  • What are the additional fees?

    While some lenders won’t have additional fees, many do. Getting a clear answer to this question will allow you to make the most informed decision.

  • What experience do you have?

    With hard money lending, it’s best to work with a lender that is experienced. This is especially true for borrowers that are new to hard money loans. The more experienced the lender, the better an asset they will be as you navigate the lending process.

  • What is your broker license ID?

    Hard money lenders in McAllen, Texas have to be licensed by their state in order to lend money. Only do business with someone that is properly licensed.

Watch Out for Loan Sharks

New borrowers are often the ones that fall prey to bad lenders or loan sharks. What may seem like a good deal with a loan shark can easily turn into an investor’s worst nightmare. Avoid these scammers by watching out for the following tell-tale signs:

  • Illegal interest rates: Don’t be fooled into thinking that all lenders have the same interest rates. While it comes as no surprise that hard money lenders charge exceptionally high interest, those operating illegally will charge rates that are beyond the usury limits. Review your state’s limits for interest rates if you believe a lender is charging too much for interest.
  • Withholding information: Some lenders make a habit of not being completely honest with borrowers. While this isn’t always in indication of a loan shark, a lender that is actively withholding information likely isn’t the best person to work with.
  • Practicing without a license: Though some loan sharks may have their license, it is a good practice to check a lender’s qualifications against the real estate bureau in your state. If you find their information on the website, you’ll at least know that they are operating legally.

While the process of getting a hard money loan is often hassle-free, you’ll have to find the right lender first. If you’re ready to start taking advantage of this financing option, what better time to begin than today?

Hard Money Loans

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