Midland-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

Midland-Texas Hard Money Loans

Understanding Hard Money Loans – Midland-Texas
If you’re looking for a way to borrow money without the use of traditional mortgage loans, then hard money could be the answer. Hard money loans are asset-based and many real estate investors turn to them when they are unable to secure a traditional mortgage. These loans are especially beneficial if you need money as soon as possible. The information below sheds light on hard money loans, including the pros and cons.

About Hard Money Loans

Hard money loans are based on the value of your collateral, which is your property. Subsequently, hard money lenders are less concerned about your ability to repay the loan. Not that your financial standing isn’t a factor, it just isn’t necessarily what determines if you will get approved. This is clearly a different way of lending than what you’ll find with traditional mortgage lenders that focus on your income and credit scores. As investors, hard money lenders look at each application individually instead of using a cookie-cutter approach with a rigid list of requirements.

When it comes to the types of hard money loans that exits – there are several. There’s the construction loan, bridge loan, fix-and-flip loan and owner-occupied loan. If you’re interested in an owner-occupied loan, you might have a more difficult time finding a hard money lender because they tend to shy away from consumer loans. Owner-occupied consumer loans are heavily regulated and make the lending process far more difficult. However, in some states about 10 percent of hard money lenders offer owner-occupied consumer loans.

Construction loans are for real estate developers who want to start a new project right away, then refinance it or sell the property as soon as possible. Fix-and-flip loan are clearly for the purpose of buying and flipping a property that will be sold and paid off. Bridge loans are unique because you can buy a property now, even before you have the down payment from the sale of a property that you already own. You can also use bridge loans to buy a property fast, then refinance or resell it. As you can see, there are different solutions for different situations.

How Hard Money Loans Work

If you’ve ever had a traditional mortgage, then you might be surprised at how fast hard money loans can be financed. In fact, it’s such a hassle-free process that it can take less than a week to complete. There’s a good chance that you will have to put cash down that’s based on your property’s Loan-To-Value (LTV) or After-Repair-Value (ARV) ratio. However, hard money lenders often have drastically different criteria, so it depends on the lender.

A key aspect of hard money loans is that they are extremely short term – from one to several years. Instead of monthly payments comprised of the principal and interest, there’s a chance that you will only make interest payments. There’s even a possibility that you won’t have to make any payments until the conclusion of your loan when the balloon payment is due. The balloon payment will bring the balance to zero because it requires paying the principal, all remaining interest and any fees that have been added to the loan.

The Pros and Cons

The benefits of a hard money loan include fast money, lenient requirements and flexible terms. Ultimately, this means you will have access to a financial resource that allows you to pursue new investment opportunities. The elements of hard money loans that are considered a downside include the fact that interest rates are high, there could be a lot of fees and there isn’t much government oversight. You could also have a hard time refinancing because of traditional mortgage “seasoning” requirements. Despite these issues, many investors recognize that hard money loans are a valuable tool that’s available when you need it.

Hard Money Loans

Need funding for your next project?

Complete Our Application