Hard Money Loans Annapolis

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

High LTV

We fund loans up to 80-90% LTV with no issues.

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
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
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
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
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

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:

What makes a hard money lender different from a conventional lender

The main difference between banks and  hard money lenders is that hard money lenders are asset centric lenders. They focus on the asset associated with the funding request. But, traditional lenders hone in on the borrowers credit and liquidity. It is very important to remember hard money loans are not good for the long run. The objective of a hard money loan is to be a bridge loan that which helps you get the real estate you are attempting to buy. Hard money lenders focus on short term loans that reap a great ROI. If you are unable to pay the hard money lender back, a hard money lender can repossess your property to be able to settle his/her loan.

When should you think about getting a hard money

Hard money loans serve as funding tools by investors. Here are some examples where hard money is good, such as:

Not able to find financing elsewhere. Funding real estate investments is complicated. Traditional mortgages are difficult to get under normal situations. Banks are extremely careful of extending a loan for real estate investments, as opposed to loans for primary residences. As a result, if you’re looking for investment funds – then you’ll probably have to get a hard money loan.

You have a bad credit . Hard money loans are based off the collateral of the investment, not your ability to repay. Loans made to consumers – as opposed to private money lenders – are based off your ability to repay the loan. This means in case you have a bad credit history or no steady income – then you may not get approved for financing. You need capital. Hard money loans are great so you can get money ASAP. Traditional loans take time. Hard money is very fast. If you will need to capitalize on a chance immediately, then it is possible to get a hard money loan. If you can wait several weeks, then it’s better to find a hard money loan.

Hard money lenders can help finance your next loan

Hard money lenders work a very specific group of people, i.e. property investors. Hard money lending is a form of bridge term lending, which is secured by property. Specifically, the men and women who use hard money loans are generally real estate investors – typically, those who are being denied a traditional loan as a result of stringent guidelines.

Hard money lenders exist since they’re fast, and offer loans with little to no headaches. Hard money lenders have a fast application system. They anticipate collateral and don’t look at your credit score. They concentrate on your experience, rather than your credit score. In case you have a checkered financial past, it will be much easier to obtain financing by using a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are scenarios where hard money lenders fill a void that conventional lenders do not touch:

Annapolis Hard money loans can be used for repair and flip real estate investors

Most traditional lenders will not offer you a loan to get a fix and flip project. If the home is in poor condition, or there’s some other abnormality with the home, then a traditional lender won’t give you funding. In addition, most fix and flip potential deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first deal. Traditional lenders take forever, so by the time the loan is approved – you have already lost the property since someone paid money for it. If you have a hard money lender on your side who will close a loan in 5-10 days, you can get the fix and flip property.

Hard money loans are bridge loans

From time to time, your job goes over-budget and as a result you need additional funds. Some traditional lenders will deny, because the project isn’t completed. Though this can be devastating, a hard money lender might be willing to lend you the money. Hard money lenders are happy to give money to bridge the gap in financing, and can work with you to fill this void.

Hard money gives you leverage

If you are a real estate investor, more funding means more deals. By using outside hard money, you can work on more simultaneous deals that would otherwise not be possible. Conventional lenders look at your entire debt to income ratio, and will not give you funding if they think you owe too much money. In contrast, a hard money lender does not care about your income, nor do they care about your present debt. The only thing a hard money lender will fixate on is the value of your property. Hard money loans are excellent for developers who need funds to get their project started but are not a fantastic fit for traditional lenders. Remember, traditional lenders are not interested in taking on extra risks – they legally aren’t allowed to after the 2008 crash. Hard money loans typically finalize faster than conventional loans from a bank, which permits you to move faster. Many sellers will be extremely reasonable on their price and ready to cut you some slack – if you can show proof of funds. Many real estate investors that rely on conventional lenders cannot move fast because of delays due to the strict guidelines conventional lenders have. Speed and unlimited money, is why hard money is great.

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