Bakersfield Hard Money Lenders

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

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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?

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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%

Bakersfield Hard Money Lenders

If you are dipping your toe in the real estate investment market, you may have heard of hard money loans. It is a topic that is widely discussed within the investment sector, and it is not always understood. Hard money lenders, commonly referred to as HLMs, are usually either private investors or small investment firms or groups who lend money based on the property type you are buying; credit scores are not a considered factor to this type of lending, investing and borrowing. The property itself is the only protection against default by the borrower. Here are some of the common pros and cons of hard money loans.

Pros

Developers and house flippers frequently utilize hard money loans to fund deals because they can often borrow the full amount of the purchase price of the home or property. If you are able to purchase a property and flip it quickly for a huge profit, a hard money loan may be a desirable option. Some real estate investors will use hard money to acquire the property, then they do some major renovations to increase the home’s value. Many of these investors will then acquire a loan from a traditional bank, based on the home’s increased value, and then pay back the hard loan with the bank loan.

Hard money loans are also a feasible option for those with poor credit or anyone needing to get into a home quickly, and you do not have to jump through excessive hoops or cut through a lot of red tape to get the funds you need. In many cases, you can acquire a hard money loan in a matter of days; it can take a month or longer to acquire funds with some bank loans. Once you pay the origination fees, you can easily acquire a hard money loan without an property appraisal in many cases.

Another advantage to a hard money loan is that you typically do not have to deal with the banks, an underwriting team, processors or loan committees. Since most hard money lenders are individuals or very small groups, the process of acquiring a loan is very fast and straightforward. In some cases, you will need to have additional assets to back up your loan.

Cons

Hard money loans are very expensive. The interest rates are astronomical, and many rates and fees are even higher than those of the subprime lending market. You can expect to pay at least double the national average, in terms of costs and fees, for a high money loan mortgage when you add it all up.

There are often a lot of hidden and shifted fees when it comes to a hard money loan. Lenders have to include additional clauses and add on more up-front fees to protect themselves from default with these risky loans. Due to the high interest rates and large number of up-front and recurring fees, hard money loans are best suited for professional house flippers and property rehab teams. If you have bad credit and need a hard money loan to get into a home quickly, these loans can be good for the initial purchase; you will want to refinance and repair your credit to acquire a traditional bank loan based on the property value to pay off the hard money loan as soon as possible.

Hard money loans are a fast way to secure capital for properties or homes quickly and without hassle or frustration. If you are new to flipping houses, these loans can be a great source of quick capital to secure the property and materials needed to complete the restoration or renovation. From an investor’s standpoint, hard money loans are a way to expand your investment portfolio because they offer a significant rate of return. They are high on the risk investment scale, but if you work with established house flippers or professional contractors with assets as back up, you greatly reduce the risk of having defaulted loans. Individual buyers with poor credit may only want to choose hard money loans as a last resort due to the high interest rates, fees and costs associated with these types of loans.

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

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