Ann Arbor-Michigan Hard Money Loans

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

Ann Arbor-Michigan Hard Money Loans

A Guide to Hard Money Loans in Ann Arbor, Michigan
There are times when regular mortgages may not be the best option. For instance, real estate investors who need money quickly to purchase a property should consider a hard money loan. Hard money loans are a kind of real estate loan.

Different Types of Hard Money Loans
If you are thinking about applying for a hard money loan in Ann Arbor, Michigan, then you have many options to choose that include:

Bridge loans: A bridge loan is a hard money loan that enables an investor to purchase a property fast with the intention of refinancing or reselling it. In addition, bridge loans are ideal for those who want to buy a new property before they have sold a currently-owned property. It gives the borrower cash before they get enough money for a down payment from the sale of another property.

Owner-occupied loans: Owner-occupied loans are for investors who are not able to qualify for other finance options. These loans enable an investor to purchase a property for themselves.

Construction loans: Construction loans are for real estate developers who want to start a new construction project quickly. Most investors who take out construction loans have the intention to refinance or sell the property quickly.

Fix-and-flip loans: Fix-and-flip loans are for individuals who want to purchase a property to make quick renovations with the goal to sell or refinance the property.

How do Hard Money Loans Work in Ann Arbor, Michigan?
Hard money loans are not available for everyone. Most hard money lenders will only issue a loan for investment purposes, so individuals who want funding for their private residence may have to explore other options.

Hard money loans are only for short periods, which is typically less than a few years. Most hard money loans have a term of 12 months. However, borrowers will not make equal monthly payments on the principle and interest, but they are usually only required to make interest-only payments. The loan is typically paid off at the end of the project with one balloon payment. This payment will cover the remaining interest, principle, and other fees.

What Advantages Does a Hard Money Loan Offer in Ann Arbor?
There are a number of advantages to taking out a hard money loan in Ann Arbor, Michigan. Hard money lenders are private firms that are usually able to offer customized loans that are specifically tailored to meet your needs.

They also offer lenient requirements. With regular mortgages, banks have eligibility requirements that include a high credit score, low debt-to-income ratio, and source of income. Hard money lenders may check credit scores and income, but they are not the deciding factors of hard money loans.

Furthermore, hard money loans allow real estate investors to get funds quickly, which increases investment opportunities. If an investor uses a bank or other financial institution, it could take several weeks to months to get approved for the loan. With hard money loans, investors could have the funds in less than a week.

What are the Eligibility Requirements for a Hard Money Loan?
Unlike banks, hard money lenders do not focus on your ability to repay the loan. Instead, they focus on the collateral that is offered. Since collateral is the primary factor that determines eligibility, most hard money lenders will want to see a full appraisal of the property that will be used as collateral.

A down payment is another factor that determines eligibility. Most lenders want a down payment for a hard money loan, which is usually based off of the current value of the collateral or the after-repair value (ARV).

To learn more about a hard money loan, contact us at Delancey Street. Our team will be happy to provide you with further details about your hard money loan options in Ann Arbor, Michigan.

Hard Money Loans

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