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

Brownsville-Texas Hard Money Loans

Understanding Hard Money Loans – Brownsville-Texas
Finding a mortgage loan product as a real estate investor or a consumer can be challenging. Especially if you don’t qualify for conventional mortgage loans. Sometimes there’s a need for other options that will fit your individual needs. A hard money loan can be an alternative solution, and the information below can help you decide if it’s the right loan product for you.

About Hard Money Loans

Hard money loans are real estate loans and there are a variety of different types, such as bridge, fix-and-flip, construction and owner-occupied. In most cases, these loans are made based on your collateral as opposed to your ability to repay the loan. Hard money lenders are private individuals and companies that fund loans based on varied criteria. These lenders are often flexible and willing to provide custom loans to accommodate your needs.

Let’s take a closer look at the above referenced loan types. Just as the name implies, fix-and-flip loans let you buy a rehab property, fix it up and resell it, then pay the loan off. A bridge loan enables you to buy a property now, even before getting the cash down payment by selling a property that you presently own. You can also use a bridge loan to buy a property fast and then resell or refinance it. Real estate developers use construction hard money loans for new construction projects and they either resell or refinance it immediately.

Owner-occupied loans are different because these loans are not for investment purposes, but for consumers who are unable to qualify for other types of loans, but desire to purchase property that they will occupy. Owner-occupied loans are less common in the world of hard money lending since there are a lot of regulations associated with consumer loans, such as Dodd-Frank. There are also different licensing requirements. While most hard money lenders do not provide owner-occupied loans, there are some that do offer this product.

How Hard Money Loans Work

One of the benefits of hard money loans is that the application process is fast and usually takes less than a week. Generally, you will be required to have a down payment and it will often be determined by the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. Just keep in mind that each lender is different and the requirements can vary greatly.

A unique aspect of hard money loans is that they are for a very short term that could be a couple of years, but is more often 12 months. Instead of making monthly payments that consist of the principal and interest like many traditional loans, you will make interest only payments. Some hard money loans don’t require you to make any payments at all, which can make this type of loan appealing to real estate investors. At the end of the term, you will bring the balance to zero through a balloon payment that consists of the principal, the remaining interest and any fees.

Is a Hard Money Loan Right for You?

When people are unable to qualify for a traditional loans, a hard money loan might work because the lenders are more willing to create a custom loan product. Hard money loans are often chosen by people who have bad credit and need money fast. These loans have also become popular because the requirements are more lenient and you’re able to get the money that you need quickly.

When it comes to weighing the benefits and the downsides of hard money loans, some borrowers recognize that having access to quick money can allow them to take advantage of more investment opportunities, which can mitigate concerns. Nevertheless, it’s important to move forward cautiously and ensure due diligence when making a decision.

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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