Waco-Texas

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

Waco-Texas

In some situations, a real estate investor may need money as fast as possible to finalize the purchase of a prime piece of property. Whether this is due to not qualifying for a traditional mortgage or simply because they are trying to keep other investors from beating them to the property, it may appear there are few options available. However, for many investors, this means using a hard money loan. Quite different from a regular mortgage, hard money loans offer large amounts of money in days instead of weeks. Along with this, they also provide the flexibility investors seek when pursuing various investment projects. But while having these benefits, these loans also come with higher interest rates, fees, and short payback periods. Therefore, before choosing to take a hard money loan, it is best to be aware of a variety of details.

Collateral
Since this is a loan, the investor will need to have collateral as they would at a bank. However, with hard money loans, the property being purchased serves as the collateral, and is key in determining how much money the investor can get. To make this determination, the lender will look at two main aspects of the property, these being the loan-to-value ratio and after-repair-value ratio. Based on how they view these two aspects of the property, the lender will lend an amount equivalent to a large percentage of the value, often 80-90 percent. Thus, if the property is valued at $100,000, the investor will be granted a loan of up to $90,000.

Payback Period
Once an investor is granted a hard money loan, the pressure will be on to be sure it can be paid back in a much shorter period of time than a traditional mortgage. This is because instead of having up to 30 years to pay off the loan, the investor will probably have no more than three years to pay off their hard money loan, and in most cases the payback period will be only 12 months. Because of this, it is always recommended the investor have a sound financial plan in place to ensure their property sells within this time. If for any reason it does not, they may be forced to refinance their loan at a much higher interest rate, incur additional fees, or possibly face foreclosure from the lender.

Application and Approval
While there are drawbacks to hard money loans such as the short payback period and higher interest rates, one of the biggest benefits is the easy application and approval process. Since the lender will either have their loan paid off or be able to assume ownership of the property, they do not have to worry about the investor’s ability to repay the loan. Thus, they rarely if ever check the investor’s past financial history, which may include bad credit or bankruptcies. Along with this, rather than wait weeks for their loan application to be approved, investors working with hard money loan lenders will often have their applications approved in less than one week, allowing them to have cash in hand much sooner than with traditional loans.

Finding a Reputable Lender
Unlike banks that must follow strict lending regulations, hard money loan lenders have few regulations that they must follow. Because of this, it is very important for investors to make sure they are dealing with a reputable lender when pursuing a loan. To make sure a reputable lender is selected, an investor should ask other investors they know to point them in the direction of a reputable lender, which will be either a private institution or individual. By asking other investors or real estate professionals in their area, there should be little problem finding a reputable lender with whom to do business.

Hard Money Loans

Need funding for your next project?

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