Columbus-Georgia 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

Columbus-Georgia Hard Money Loans

Understanding Hard Money Loans – Columbus-Georgia
If you need money to purchase real estate and you are unable to qualify for a conventional mortgage, there are alternatives. First, you should know that you’re not alone. It can be difficult for a lot of people to qualify for a bank loan to purchase property.

Hard money loans have become a solution to a problem that many real estate investors face. The information below about hard money loans is provided so that you can get a good understanding of this loan product.

About Hard Money Loans

For starters, hard money loans are real estate loans and the lenders are private companies and individuals. Hard money lenders make funding decisions based on the merits of each borrower, as opposed to strict, one-size-fits-all lending requirements. For instance, while conventional loans primarily evaluate your ability to pay, hard money lenders assess the value of your collateral.

There are different kinds of hard money loans. For instance, a bridge loan will let you buy a property fast, then refinance or resell it. You can also use this loan to buy a new property before getting the cash down payment from the sale of a property you already own. Fix-and-flip loans are just as they sound; you buy and fix up a property to sell immediately, and pay the loan off. Construction loans are for new construction projects when the property will be sold or refinanced.

There’s also the owner-occupied loan for consumers who want to purchase a property that they occupy, but are unable to qualify for other types of loans. However, a lot of hard money lenders do not provide these loans because they can become complicated due to regulations. For instance, owner-occupied consumer loans require compliance with the Dodd–Frank Wall Street Reform and Consumer Protection Act. There are also licensing requirements for this type of loan. These regulations make an otherwise easy hard money loan process far more complicated.

How Hard Money Loans Work

The application process for hard money loans can often be completed within a week. Usually, you will need cash for the loan, and the amount will depend on the property’s Loan-To-Value (LTV) ratio or After-Repair-Value (ARV) ratio. Once funded, the loan period is usually about 12 months to a couple of years. A beneficial aspect of hard money loans is that you will not have to make monthly principal and interest payments. Instead, you will make interest only payments. At the end of the term, you will pay the entire loan off through a balloon payment that covers the principal, the rest of the interest and all fees.

How Hard Money Loans Are Different

There are stark differences between hard money loans and traditional loans. Although they sometimes have similar underwriting practices and they both offer mortgage loans, just about every other aspect of these products are different. The lending process for hard money loans is fast, the terms are flexible and the requirements are less stringent. These are all benefits that could outweigh other aspects of hard money loans that are viewed less favorably.

What’s often considered a downside of hard money loans is that interest rates are high, the loan period is short, there are a lot of fees, there’s a lack of government oversight and you could possibly have a difficult time refinancing if you are still in the “seasoning” period of the loan. Despite these considerations, hard money loans are still a useful tool for people who cannot qualify for other types of loans.

Many real estate investors who weigh the pros and cons, choose a hard money loan because it makes sense from a strategic standpoint. However, it might be a different story if it’s a buyer’s market or other options are available.

Hard Money Loans

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