Hard Money Loans Charlottesville

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.

Jason

Founding Partner (Cut and Stitch)
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

Hard Money Loans Charlottesville

What makes a hard money lender different from a conventional lender
The critical difference between traditional lenders and  hard money lenders is that hard money lenders are asset centric lenders. They focus on the asset associated with the by the person asking for the loan. But, traditional banks hone in on your credit and how much cash on hand the real estate investor has. It is super important to remember hard money loans aren’t great for the long run. The objective of a hard money loan is to be a short term loan that gets you the investment property you’re trying to acquisition. Hard money lenders focus on short term loans that reap high profits. If you fail to pay the lender back, then the hard money lender can take over your property in order to settle his/her loan.
When should you think about getting a hard money
Hard money loans are used as investment tools by investors. Here are some situations where a hard money loan is a great idea, such as:
Not able to find financing elsewhere. Funding real estate investments is complex. Traditional mortgages are tough to acquire under normal situations. Banks are very careful of making loans for purposes of real estate investments, instead of loans for residences. As a result, if you’re looking for investment capital – then you’ll probably have to get a loan from a hard money lender.
You’ve got a poor credit score. 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 if you’ve got a bad credit history or no steady income – then you might not get approved for financing. You need capital. Private money loans are great so you can get money ASAP. Traditional loans take time. Hard money is extremely fast. If you need to capitalize on an opportunity immediately, then you can find a hard money loan. If you can wait a few weeks, then it is better to find a hard money loan.
Hard money lenders can finance your deals fast
Hard money lenders assist a very specific group of people, i.e. real estate investors. Hard money lending is a type 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, people who are being denied a conventional loan due to stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a smooth application system. They expect collateral and do not look at your credit rating. They concentrate on your experience, as opposed to your credit score. If you’ve got a bad financial past, it’ll be easier to obtain financing with a hard money loan rather than a conventional loan which is granted based on your credit report. Below are scenarios where hard money lenders fill a void that traditional lenders do not touch:
Charlottesville Hard money loans can be used for repair and flip property investors
Most traditional lenders will not offer you a loan to get a fix and flip job. If the house is in bad condition, or there’s some other abnormality with the home, then a conventional lender won’t give you funding. Additionally, most fix and flip prospective 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 cash 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 a type of bridge financing
Sometimes, your job goes over-budget and as a result you need additional money. Some traditional lenders will refuse, because the project isn’t completed. Though this can be catastrophic, a hard money lender may be willing to lend you the money. Hard money lenders are delighted to provide money to bridge the gap in funding, and can work with you to fill this void.
Hard Money can be used for Family Residential Investment Properties
Hard money loans can be used for various kinds of properties, which range from commercial properties to residential properties. Typically real estate investors who contact us are looking for a loan for single family home. Many do a fix and flip, or they are buying the property to expand their real estate empire and rent it out. Investors that want to fix and flip typically find a property in poor condition, buy it under market value, rehab the property, and then resell it so as to create a profit. Most fix and flip projects are done in under an year. Real estate investors who buy rental properties with a long term strategy, typically buy it and maintain it. Irrespective of your purpose – we can provide you funding. We finance all types of residential real estate investment properties. Many real estate investors come to us because they want to create numerous sources of recurring income. Some investors use a hard money loan to buy the property and then use a traditional loan to repay the hard money loan. Regardless of what your objective is, we can give you funding for your next loan.

Hard Money Loans

Need funding for your next project?

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