Des Moines-Iowa 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

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.

Hard Money Loans

Need funding for your next project?

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