Columbia-South Carolina 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

Columbia-South Carolina Hard Money Loans

Understanding Hard Money Loans – Columbia-South Carolina
If you’re a real estate investor or developer, then you are probably aware of the challenges associated with traditional mortgage lending – it doesn’t always work out as planned. Hard money loans are often a good option when a loan is not approved by a traditional lender or when real estate investors and developers need money fast. Keep reading to learn more about hard money loans, including how they work and whether they are right for you.

About Hard Money Loans

The value of your property is the basis of hard money loans. Instead of assessing your ability to pay back the loan, hard money lenders look at the value of your collateral. Not that your financial standing isn’t important, it just isn’t as significant to hard money lenders since there is collateral involved. This is a different method of financing than what you’ll find with traditional mortgage lenders. Hard money lenders are individual investors and firms that make decisions based on the merit of each application.

Hard money lenders don’t necessarily follow strict standards like traditional mortgage lenders, they are more willing to consider your unique situation. Some of the common hard money loans are the construction loan, bridge loan and fix-and-flip loan. There’s also the less common owner-occupied loan for consumers who are unable to get a traditional mortgage. Most hard money lenders won’t fund consumer loans because of the regulations involved, but there are some who will.

Bridge loans are for the purpose of buying a property that you quickly resell or refinance. You can also use a bridge loan to buy a property before you have the cash down payment from the sale of a property that you already own. Fix-and-flip loans let you buy a fixer-upper, make the repairs and resell it, then pay the loan off. Construction loans are for real estate developers to start a new project, then refinance or sell it right away.

A Closer Look at Hard Money Loans

Hard money loans can be appealing for several reasons. For starters, the application process is fast and can sometimes take less than a week. It’s also a very streamlined process that is just the opposite of the cumbersome traditional mortgage lending process. Fast funding is an undeniable perk to real estate investors.

You will likely need a cash down payment for a hard money loan that will be dependent upon your property’s Loan-To-Value (LTV) ratio or After-Repair-Value (ARV) ratio. The payment terms of hard money loans are also different than traditional loans because they are often monthly interest only, instead of monthly principal and interest payments. When it’s time to pay off the loan, you will do so in a balloon payment that covers the entire principal, all remaining interests and any fees.

Is a Hard Money Loan a Good Solution?

You might be wondering about the downsides of hard money loans. Frankly, hard money loans have high interest rates that can reach the double digits, there are often a lot of fees, they have extremely short terms and there is a lack of government oversight. There is also a chance that you could experience problems with refinancing since traditional mortgage lenders require a seasoning period, which means you will have to wait a period of time in order to refinance the loan.

Many real estate investors find that the pros outweigh the cons of hard money loans. Fast money, relaxed requirements and flexible terms can allow you to stay in the game and take advantage of investment opportunities that arise. If you have another option that will satisfy your mortgage needs, then it makes sense to use it, especially if it’s cheaper. If not, a hard money loan might be the solution you’re seeking.

Hard Money Loans

Need funding for your next project?

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