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

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.

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

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