Birmingham-Alabama 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

Birmingham-Alabama Hard Money Loans

As a historical Southern city, Birmingham today is also a region that is undergoing tremendous growth. This has brought with it the potential for some great real estate investments to be made. If you are an investor looking to capitalize on this emerging market, you may have grown frustrated with the length of time that it takes to get approved for a conventional mortgage. Since you are looking to move certain properties fast, this is not even the type of financing you probably want. That is why you may want to look at the option of receiving a hard money loan for a variety of real estate related purposes.

A Look At the Options

When it comes to getting a hard money loan, there are actually quite a few different options that you can look into receiving. These are offered by lenders such as Delancey Street, so you will want to talk to them to better understand what type is for. We will briefly cover four of the primary types of hard money loans for you now. This will give you an indication of what the possibilities are as you continue to invest in real estate throughout Birmingham.

For Construction

When you are looking to develop a piece of property quickly and then sell off the new structure, this is a type of hard money loan that can get you the money that you need. You can also use this loan to get the money you need for the purchase right away and then work to refinance the note shortly thereafter.

As A Bridge

There are times when you just need short term access to money in order to make a purchase happen. Your plan then is to either sell the property quickly or to use the proceeds from another pending deal to pay off the loan. That is where the name of this type of loan comes from. It is simply a bridge to help you get to where you need to be in the interim. You can also refinance this loan after you receive it if you find that it is taking longer than you thought to close another deal.

To Occupy An Existing Structure

Similar to a conventional mortgage, this type of hard money loan would give you the money that you need to purchase a piece of property that you intend to occupy yourself. It should be noted that these types of hard money loans are more difficult to get because of their short term nature. They simply are not designed for residential or commercial dwellings on the part of the investor. You would need to show that you have a plan to pay off the note in a very short period of time.

To Fix Up A Property and Sell It

Commonly referred to as a fix and flip loan, this will give you access to the quick cash that you need to finalize a deal on a property that is in need of repair. Your goal here is to make the repairs and then immediately set out to sell the newly remodeled structure for a profit. At that time, you would pay off the loan.

Learn More

Hard money loans provide a real option for real estate investors in Birmingham to purchase properties without having to go down the road of a conventional mortgage. These loans are short term in nature, so you will want to keep that in mind. You may not even need to make any payments until the loan becomes due in full. If you do, it might just be for the interest.

Hard Money Loans

Need funding for your next project?

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