Albany Hard Money Lenders

Get funding for your next project from a top hard money lending institute.

Get Started

Considering a hard money loan?

We help real estate investors get hard money/private money loans for their next project. Money and finances should never be the obstacle that stops you from succeeding. We regularly help 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 – and how we can help you capitalize on it. For years, our team members have been helping people capitalize on opportunities using hard money loans, private loans, reverse mergers, other financial vehicles.

  • High LTV

    We fund loans up to 80-90% LTV. We look at the value of your property, and your overall business plan when deciding whether to fund you.

  • Fast

    We realize deals can disappear if you don't have fast funding. We promise to treat you like a partner, and work fast to help you get funding.

  • No $ Limit

    We're a growth focused private money lender. That means we work fast to fund your deal, and there's no limits on what we can do for you.

Do you need a loan for real estate projects?

Complete Borrower Loan Form

Recently Funded Projects

Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised APR ARV
$830,000 8.99% 75%

Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised APR ARV
$1,200,000 11% 82%

Allen Park, MI Rehab

On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire.

Raised APR ARV
$135,000 9.0% 63%

Albany Hard Money Lenders

Each year in the United States, hundreds of billions of dollars pass through the hands of buyers and sellers of real estate. The large majority of these transactions rely on some form of financing to get the deal closed. For most Americans looking to purchase a home, the preferred source of financing is a traditional mortgage.

Mortgages have been around for as long as America has existed. Over that time period, lenders, usually large corporate banks, have perfected the underwriting process. Modern mortgages allow homeowners to significantly leverage their capital while paying relatively low rates. These financial vehicles allow home buyers to get into real estate that would otherwise take them decades of saving to be able to afford.

But in order to keep costs low, mortgage lenders tend to be very strict as to who qualified for a traditional mortgage. The downside of these stringent lending standards is that many people do not qualify for a traditional mortgage. For the majority of potential home buyers, having a mortgage application denied is a good indication that credit should be improved and income should be stabilized and probably increased. Borderline borrowers may also be well-advised to increase their savings rates and their assets on hand.

However, some potential home buyers may be unable to obtain a mortgage for other reasons. Mortgage lenders often stay away from certain transaction types. These include homes that have serious defects that materially affect the marketability of the property as well as situations where a buyer is involved in more than one real estate deal simultaneously. In these situations, real estate investors who know their markets may want to turn to hard money lenders as an alternative to traditional mortgage financing.

What is a hard money loan?

Hard money loans are a form of short-term financing that is usually issued by individual investors or groups of local investors. Unlike mortgages, they usually have few or even no lending criteria, making them profoundly flexible and giving savvy real estate investors wide latitude to structure deals.

Hard money loans often have considerably higher interest rates than mortgages, but they also can have vastly reduced up-front costs. For investors who are looking to maximally leverage their capital, hard money loans can be a powerful tool.

For example, a $100,000 real estate purchase using a traditional mortgage may require the buyer to come up with as much as $30,000 or more out of pocket. The same purchase using a hard money loan will typically not require more than $5,000 in cash outlays. In many cases, investors who have long-established relationships with hard money lenders may be able to structure deals in a way that does not require any out-of-pocket expenses on the part of the borrower. These deals are known as zero-down purchases, and they can almost never be carried out using traditional mortgages. But savvy investors who know how to play their local market can often work out such deals, and these can be a huge edge for market-wise fix-and-flippers.

Hard money is fast money

Another huge advantage of hard money loans is that when it comes to closing timeframes, they can often be as good as cash. In hot real estate markets, where the average selling time for new listings may be measured in weeks or even days, speed of closing becomes a primary concern for both buyers and sellers. Because mortgage approvals can easily take three months or longer, sellers become hesitant to deal with buyers using mortgage financing if cash purchasers are interested in the property.

But with hard money loans, it is often possible for investors to get the purchase amount transferred to the seller within a few days, making closing timeframes similar to those of cash purchasers. This increased speed can give investors using hard money a decisive edge in kinetic markets, allowing them to close on the best deals while those using mortgage financing are left in the dust.

Do you need a loan for real estate projects?

Getting Started Is Simple & Easy
  • Contact us regarding your opportunity
  • We’ll reach out to you, and discuss the specifics
  • We finalize the transaction and help you
Get pre-qualified for a potential investment
  • Get pre-qualified for your next real estate purchase
  • Risk free – with no credit check, or any commitments

Follow Us On

INSTAGRAM, TWITTER, & FACEBOOK

Search By City

  • Hard Money (Cities)
  • Fix and Flip (Cities)
  • Private Money (Cities)
  • Private Money (States)