How do Delancey Street hard money loans work?
Delancey Street provides hard money loans nationwide. Sometimes you need funding for a new deal ASAP. When that happens, Delancey Street is here to help you. We provide hard money loans for a wide array of properties, ranging from commercial properties to residential properties. We handle all LTV’s, up to 90%, and in some cases are ok with even 100% LTV financing. The main thing our team cares about, when evaluating hard money deals, is whether or not we think the project will succeed. At the end of the day, a hard money loan is collateralized by real estate. We base our evaluation based on the present value of the real estate, and what we think you’ll be able to do with the real estate property. Our goal (and yours), is to transform that property so that everyone makes money. We can work with you on a variety of loans, like:
- Bridge loans, to help to bridge a funding gap you’re facing in a new property purchase, or a fix and flip which is going over-budget.
- Fix and flip loan, which allows you to buy a property and rehab it, and then flip it at a profit.
- Property refinance, to help you pull cash out of equity you’ve got in a property.
- Construction loan, to help developers get started on a new construction project with the intent of refinancing it later, or selling it at a profit.