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

Des Moines-Iowa Hard Money Loans

When an investor needs to obtain a loan for a property, time is money. However, if they are using a bank to secure a traditional mortgage, time may feel as if it is moving in slow motion. Since this process can take weeks to complete, there is a chance that if the loan is approved, another investor will have already purchased the property. To keep this from occurring and make sure they gain the money needed as quickly as possible, many investors turn to hard money loans. Featuring easy application processes, a lack of emphasis on past financial problems and the applicant’s ability to repay, and flexibility to be used on different projects, hard money loans sound like the perfect solution. However, while they offer numerous benefits, they also have many areas that can be problematic if careful planning is not used along the way.

How Can Investors Use Hard Money Loans?
For investors, securing a hard money loan offers them the ability to use it on many different types of real estate investments. For many investors, these loans are great for fix-and-flip properties, since they can secure quick financing, repair the properties, then sell them at a profit that will also pay off the loan. For other investors, the loan may be used to help start a construction project much faster than anticipated. However, it is important to note that in the majority of situations, hard money loans are not given to those seeking to purchase owner-occupied properties.

What Kind of Collateral is Required?
Like any type of loan, the applicant must have collateral to offer as security in case they cannot repay the loan. In situations involving hard money loans, the collateral required is not cash or other assets, but rather the property the investor wishes to purchase. Depending on the value of the property, the lender will make an offer to the investor, usually equal to 80-90 percent of the property’s value. Thus, if the property the investor wishes to purchase is valued at $100,000, the hard money loan lender will likely offer $80,000-$90,000, which will be based upon the property’s loan-to-repair value ratio or after-repair-value ratio. So while the investor will receive most of the money needed for the purchase, they will also need thousands of dollars of their own money to complete the purchase.

Easy Application Process
When applying for a mortgage, applicants must provide detailed information about their credit history and other aspects of their finances. But with a hard money loan, none of this matters to the lender. Instead, the lender knows that if they provide the loan, they come out a winner no matter what. Whether the loan is paid back in full, refinanced, or the lender forecloses on the property, they will recoup their money under any of these circumstances.

Hard Money Loan Terms
If an investor pursues a hard money loan, they should be aware the terms may be very different than any loan they have used in the past. For starters, the payback period will be very short, probably only 12 months. Along with this, interest rates will likely be in the double-digits, leading to much more interest being paid on this loan than traditional loans. Finally, a number of fees are usually added to these loans, such as origination fees, underwriting fees, and fees for penalties if the loan is paid back early. And when the final payment comes due, it will be in the form of a balloon payment, so investors should be prepared for this as well.

By using careful planning from start to finish, investors who choose to rely on hard money loans can find themselves able to complete a variety of projects and purchases much faster than anticipated.

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

ESOP

ESOP – employee stock ownership plan, is a qualified employee…

Financing Small Businesses: How It Helps The Entire Community

Small business financing is a great thing, but many people…

Here’s Every Document You’ll Need to take a Small Business Loan

Documentation and paperwork is the single largest obstacle to most…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now