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

Athens-Clarke County-Georgia Hard Money Loans

Athens-Clarke, Georgia is home to a growing number of technology companies and the University of University of Georgia. It’s a great place to live and work because it allows you to enjoy the fun of downtown Atlanta and the beauty of Athens. Whether you want to invest in property or buy a home in Athens-Clarke, not everyone qualifies for a standard mortgage. In Athens-Clarke, you have options to obtain a mortgage such as business line of credit, home equity loan or hard money loan.

Hard Money Loans are Private Loans Based on the Value of Collateral

Hard money loans are simply a type of mortgage that is for real estate with short-term loan terms. These loans are funded by companies or private investors and not banks or credit unions. The terms of hard money loans vary from two to five years. The types of hard money loans include, but are not limited to:

• Fix-and-flip loan: These loans provide you with a way to purchase property, rehab it, resell it and pay the loan off quickly.
• Construction loan: These loans allow a real estate developer to start building a project quickly with the goal of refinancing and selling it as quickly as possible.
• Owner-occupied loan: These loans provide you with a way to purchase a home if you don’t qualify for a traditional mortgage.

The disadvantage of obtaining any type of hard money loan is that a lender requires cash up front. The specific amount depends on the value of the property used to obtain the loan. Traditionally, the down payment is 20 percent of the Loan-to-Value (LTV) ratio or After-Repair-Value (ARV) ratio.

The advantage of hard money loans is that lenders don’t base their decisions on things like credit scores, income and debts. Instead, they are more interested in the actual value of the property. The property or something of value is always used as collateral for hard money loans.

When Should You Consider Taking a Hard Money Loan?

Hard money loans are usually used for business investments. However, they are for everyday people wanting to purchase property without going through traditional banks and credit unions. Everyone’s situation is different. However, there are some few situations where hard money loans are the way to go:

• You can’t obtain financing anywhere. Funding is difficult, whether you are a real estate investor, private investor or someone wanting to buy property. If banks and other lenders don’t want to provide financing, you may want to try a hard money loan.

• You need money immediately. Hard money loans get you the money you need sooner than a traditional mortgage. This is helpful because real estate moves quickly. So you may miss an investment opportunity while waiting for a traditional mortgage.

• Your credit score is poor. Hard money loans are based off the property’s collateral, not whether a person can repay the loan. This means if you have bad credit or poor credit score, you may not qualify for a traditional mortgage regardless of the amount you have for a down payment.

When to Avoid Hard Money Loans?

Avoid taking a hard money loan out if your situation includes things like not having good financing in place. If you don’t have the money for refinancing a loan, you should avoid taking a hard money loan. You have other financing options available, hard money shouldn’t be an option. Those other financing options may have better interest rates and repayment terms.

Contact an Athens-Clarke Hard Money Lender

Hard money lenders do charge a higher interest rate because the loans are riskier. However, the loans are a saving grace when traditional loans aren’t an option, but you need to purchase property. To determine the best type of hard money loans in Athen-Clarke, speak to a hard money lender near you.

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