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

Hard Money Loans Cleveland

The perfect property just hit the market at a price that’s much lower than market value. It needs some work, but it could sell for four times the asking price with some upgrades. It’s the perfect investment property to flip and sell for a quick and tidy profit. The only problem is you don’t have the cash to pay for the property without a loan, and you don’t have the time to wait on a loan. This is where a hard money loan might help you out of your current predicament.
What is A Hard Money Loan?
A hard money loan is often the answer to your financial problems if you are an investor looking to flip a property. It is not, however, a traditional mortgage. It’s a loan you borrow for a short period of time, but you also have cash in hand in a matter of days rather than the weeks or months it takes to secure traditional financing. Hard money loans are not loans offered by traditional means. They don’t come from banks and other lending institutions. They come from other investors and sometimes from individuals looking to make a quick return on their own money.
What Do I Need To Get A Hard Money Loan?
The requirements to obtain a traditional mortgage are specific, and they vary greatly depending on the type of mortgage you want to secure. The common theme in any mortgage, however, is the time it takes to secure one. Lenders want borrowers with great credit, income they can easily prove, and they want form after form and signature after signature.
A hard money loan is not that difficult to acquire. A great credit score and perfect credit history are less important than the property you want to purchase. All the lender really wants from you for a hard money loan is proof that the property is more valuable than the money you’re borrowing. The lender in this situation isn’t foreclosing in the same manner as a lender who issues a traditional mortgage. A hard money lender immediately gets your property and has the ability to sell it back right away. The rules are strict, but the financing situation is much simpler.
Your personal financial history matters less to a hard money lender than the value of the property you’re using as collateral. Your ability to repay this loan is important to the lender, but it’s not as important as the value of the collateral if you cannot.
The Pros and Cons of Hard Money Loans
The biggest pro of a hard money loan is how easy it is to get. You don’t have to fill out as much paperwork and wait weeks or months to get your financing. You get it in days, and you get to start on your project right away. Furthermore, if you have a questionable credit history, it’s not going to matter as much with a hard money loan. Your chance of being approved for this loan with negative credit report marks is much higher. Another pro is the repayment schedule. You can work out something that works specifically for you and your financial situation, which is not what many lending institutions are willing to for borrowers.
The cons of hard money loans include the cost. They are significantly more expensive than traditional loans, and that’s why you must be confident you can flip and sell this property quickly. The faster you can pay off this loan the more money you save. The other big con associated with a hard money loan is that you cannot borrow it to fix up and flip a home that’s occupied by you. However, you can use it to fix and flip just about any other property as long as you don’t live in it.
If you have the ability to repay a loan in six to 24 months at a high-interest rate, you should apply for a hard money loan. It’s your chance to get the funds you need to flip a property with a big return on your investment. However, if you cannot do the work and have no idea what you’re doing, this might not be the best option for you when you’re just starting out.

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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