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

Allentown-Pennsylvania Hard Money Loans

If you’re a real estate investor that’s ready to take on more projects, you’re in luck. Our company provides hard money loans that are a great alternative to traditional financing methods. Whether you’re looking to flip houses or just need to purchase a property quickly with no or little money down, you’ll benefit from our services.

What is a Hard Money Loan?

If you’re unfamiliar with hard money loans, they’re a form of temporary financing that allows you to purchase an investment property with little or no money down. A bridge loan bridges the gap between the time it would take to qualify for permanent financing or another type of loan but need to act quickly. A rehabilitation loan allows you to purchase the property and obtain the amount you need to make the necessary repairs for resale. In either case, the loan term is typically from one to five years and is a stepping stone to making profits.

How is a Hard Money Loan Different than a Traditional Bank Mortgage?

Hard money loans are different from traditional financing methods in several ways. A traditional bank loan focuses on both the borrower and the property. A hard money loan focuses on both factors; however, there’s a much stronger emphasis on the collateral rather than the borrower. This means that borrowers without perfect credit and limited assets may still be able to qualify. We have many different loan programs that allow for flexibility in our lending. The focus on the borrower in a hard money loan is for the purpose of understanding the entire scenario. The collateral is given the most weight in this transaction. The current value, amount of work that needs to be completed, and the resale value of the property after the work is finished are the most important factors.

Since the value of the home is given heavy consideration with a hard money loan, a strong and recent appraisal are necessary. A home inspection is also useful to determine the overall condition of the property and to avoid any costly issues that may surface later in the project. A traditional bank loan would place a heavy emphasis on the borrower’s employment history, credit record, income, and assets. These items aren’t given as much consideration with a hard money loan.

The cost of a hard money loan is also higher than a traditional mortgage. Interest only and balloon repayments are often utilized with these types of loans. It’s important that the borrower have a solid exit strategy and that they don’t possess the property for any longer than necessary. The added flexibility and opportunity that’s presented with hard money loans make it a worthwhile investment for many developers.

Traditional mortgage loans also take a much longer amount of time to process and fund. Weeks if not months are common with these types of loans. With a hard money loan, the entire process can typically be completed within one week providing all conditions are met.

How Do I Apply for a Hard Money Loan?

Applying for a hard money loan is easy. Our company provides you with an online application that takes only a few minutes to complete. You’re also able to get in touch with us by phone if you’d prefer. We’ll review the request and issue you a pre-approval as quickly as possible. The loan representative will review all your options and explain exactly how to complete the process. After submitting all the requested documentation, you’ll be scheduled for funding. You’ll be able to review the disclosures and ask any outstanding questions you may have. See how we’ve helped so many other real estate investors just like yourself in Allentown. Give us a call or apply online to get your hard money loan pre-approval, today!

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
10 Essential Mobile Apps for Small Businesses on the Go

Today, businesses do not require a brick and mortar location…

10 Indicators Time to Expand Your Business

As an entrepreneur, you are always looking for the next…

21 Overlooked Small Business Tax Deductions You Need To Know

Small businesses owners are often oblivious on how much money…

WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now