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

Charleston-South Carolina Hard Money Loans

Buying a home in Charleston, South Carolina isn’t necessarily easy. Some people find that they don’t qualify for conventional financing and must consider an option that allows them to pay for a piece of property right away. Enter the hard money loan which uses the value of the property itself as collateral instead of focusing on your ability to repay the lender. That way, if you miss payments, the property can be foreclosed on and sold by the person or business who lent the money to the borrower.

Types of Hard Money Loans

Charleston, South Carolina residents are given options as to which type of hard money loan they get. Each has its own list of pros and cons to consider. Being informed about the advantages and disadvantages of the different types of hard money loans empowers borrowers by giving them factual information so they can make their final decision about financing.

The types of hard money loans available are:

Bridge Loans. If you’re planning on reselling or refinancing a piece of property, this loan allows you to acquire the financing you need before you’ve sold property that you already own.

Fix-and-Flip Loans. Properties that need to be rehabilitated before being sold are the focus of this type of loan. It gives you the money to fix up a place before putting it on the market for sale.

Owner-Occupied Loans. It’s an enticing option for buyers who cannot get any other type of financing.

Construction Loans. When a developer wants to build properties that they can sell or refinance quickly, they apply for this type of loan.

Case-by-Case Loans. A buyer’s needs may be so unique that the lender must determine if they qualify for funding on a case-by-case basis. If no other lending options exist, exceptions may be made for them based on certain criteria.

Asking the lender what types of financing options they have available is one way to be certain that you’re getting the best deal for the money you spend. Hard money loans are designed to give you upfront financing without the need to pre-qualify or have a sizeable down-payment to provide at the time of purchase.

Watch Out for Scams

Not everyone is as honest as they position themselves to be. That’s why you’ll want to take extra care to research the hard money loan lenders that want to work with you. Doing so saves you a lot of hassle and prevents you from signing a contract that you’ll have a difficult time getting out of.

Do Your Research

By researching lenders and learning how the hard money loan process is carried out, you can avoid any legalities that take place when you put your trust in the wrong person or business. You’re able to get the financing you need without going through the hassle of applying for a traditional bank loan and being turned down. The property in which you were interested in buying doesn’t sell to the next interested homebuyer that way because you’ll have the money you need to purchase it yourself.

FAQs

Why is there such a high interest rate?

There’s much more for the lender to lose which is why interest rates are higher. If a buyer doesn’t come through with their part of the deal, the individual or business that lent the money has legal issues to contend with. These types of proceedings cost lenders time and money.

What types of properties can be bought with hard money loans?

You can invest in many different types of properties including single homes, multi-family homes, land, and commercial buildings. You’re not limited in how you spend a hard money loan which isn’t necessarily the case with standard bank loans. This gives you a better chance to sell or refinance the property you do buy.

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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