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

Hard Money Loans Texas

Getting a loan with the help of traditional lender is a real hassle, particularly once you have a poor credit history. With a low credit score, it might take you weeks or even months to be qualified for mortgage. It isn’t important that sometimes you are in severe need of quick cash. Hard money lenders, on the other hand, think about the collateral you’re giving up rather than your financial capability to pay the loan back. Hard money loans are often meant to help businesses financially or buy a home. In the event you fail to repay the money given to you, the lending institution will take ownership of the collateral and sell it to receive their initial loan.
Hard money is are most suitable and beneficial to investors that want to renovate or improve a real estate property prior to selling it at a higher cost. The investors are able to sell it at a profit and pay back the borrowed cash in a brief period of time.

Texas hard money loans, like any other financial product, have their advantages and pitfalls. The info below discusses some of the advantages and disadvantages of hard money loans.

Texas 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 security and will process your loan quickly if if you can prove the value of your collateral. It’s very important to note that hard money lenders aren’t necessarily interested in taking ownership of your property. They are quickly because they spend less time verifying your income, bank statement, along with other details. They only worry about the potential value of your property.

Flexibility
Unlike the standard loans, hard money loans arrangements and terms are flexible. Rather than dealing with a huge corporation, you will be speaking to an individual who’s willing to help you design the ideal repayment plan. They don’t follow or set standardized procedures when setting up your loan repayment schedule.

Approval
In regards to borrowing a Texas hard money loan, the creditor is more concentrated on security. If you want to invest in real estate, the lender will provide you a loan value as much as the property. In case you have other financial assets to put up as collateral, the bank will also consider its value before approving the loan.

In case you have any difficulties with your credit history, then it won’t be that important. Some lenders don’t even consider your credit score.

In terms of loan-to-value ratios, hard money lenders keep them to the minimum with the maximum being between 50 and 70 percent. They do so to give themselves a better chance of getting their money back should they must sell the property after your inability to repay the loan.

Accessibility
It is possible to apply and receive a Texas hard money loan within a matter of weeks. This is valuable, especially to borrowers looking to purchase mortgages. The buyer won’t wait too long to acquire the cash he or she wants to pay a hot potential deal. Traditional loans involve a much longer process and take the time to be accepted.

Cons
Repayment period
Unlike the conventional loans that require longer to be compensated, hard money loans are designed as a brief term lending instrument. This means that you need to repay the loan in the shortest time possible before the creditors repossess your house. If you do not fulfill this condition, the lender will take the property into the market to try and return his/her money.

Increased expenses
In contrast to the traditional loans, hard money loans are costlier. In addition to the loan origination, you’ll also pay closing and servicing expenses. If you take a hard money loan a mortgage, it may cost you 10 percent more than it might have on the traditional loans. Needless to say, hard money loans are much convenient.
The interest rate for repaying the hard money loan is also high because the lenders are facing greater risks when lending you the loan. The interest rates generally range between 9 and 14 percent.

Requirement of Equity
Before giving you a hard money loan, lenders ask that you give a down payment of up to 25-30 percent. This can be supposed to act as an incentive to motivate you to adhere to the agreement. This is because they attempt as much as possible to keep you thinking about paying their money back. It also helps the creditor to tie you to the contract even when you realize you are making a loss.
Before committing to a hard money loan, you should first assess all the available lenders, their prices, and conditions. It’s also wise to consider the benefits and drawbacks of Texas hard money loans before applying for one.

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

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