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

El Paso Hard Money Loans

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You might know people who have invested in real estate and done really well from it. You may have seen some of the shows on TV where people purchase fixer-uppers, put in some hard work to get them in good condition and then sell them for much more than they paid for them. After hearing so much about real estate investing and how beneficial it can be for the people who do it, you might have decided that it’s something that you’re interested in doing yourself. Of course, there are certain tools that you might need to help you get started. For example, hard money loans can be very helpful for those who are interested in making an income from investing in real estate. After learning a little more about hard money loans, you will probably see that they can be very helpful with starting a real estate investment business.

Are Hard Money Loans Anything Like Mortgage Loans?

When you think about buying a piece of property, you might think about using a traditional mortgage to do it. This often is not an option for real estate investors for reasons that you will learn more about below.
Since hard money loans are also used to purchase real estate, they are similar to mortgages in a few ways. For example, the piece of property that you purchase will generally be used as collateral to back the hard money loan that you take out. This is very similar to how things work with a traditional mortgage.
Of course, there are a lot of differences between the two types of loans as well. You will learn a little more about these differences below. Once you learn a little more about how hard money loans are different, you might begin to understand why they are often a much better choice for those who are interested in investing in real estate.

What Are the Key Differences Between Hard Money Loans and Mortgages?

As mentioned above, there are a couple of similarities between mortgage loans and hard money loans. Beyond those couple of things, though, the two types of loans couldn’t really be any different.
For one thing, even though mortgages are generally backed by big banks, the opposite is true with hard money loans. When you take out a hard money loan, you will generally be borrowing from a smaller company or even just a single private investor.

Another thing to note is that you can often get approved for a hard money loan and can get the funds to purchase the property that you want a whole lot faster. Buying a home and having to wait to get approved for a loan can be a big hassle. It can be even more of a hassle if you’re an investor who needs to have a quick turnaround time and who needs to be able to act quickly when good deals are available. Instead of having to potentially wait for a couple of months to get approved for a hard money loan — which is more common in the mortgage business than many people realize — you can typically get approved within just a matter of days.

Lastly, you have to realize that it is generally much easier for people to get approved for hard money loans than it is for them to get approved for mortgages. If you don’t have perfect credit, getting a mortgage loan might be hard. If the home that you’re hoping to purchase will not pass a general home inspection, which is a very common problem that investors face when buying fixer-upper homes, then it might not be qualified for a mortgage. Hard money lenders help eliminate all of these hurdles to make investing in real estate a whole lot easier for the average person, even if that person does not have the capital himself or herself to purchase the property in cash.
El Paso real estate investors can benefit greatly from El Paso hard money loans. If you have your eye on a certain property or if you would just like to be prepared to purchase an investment property when you find one, consider exploring hard money loans for the reasons listed above.

Making the decision to invest in a property that needs a lot of work with the hope that you can fix it up and sell it for more than the purchase price is a personal decision. Many people dream of it, but fewer people are able to bring their dreams to life. Whether you don’t have the knowledge or the time to flip a home, you might make your decision based on what you know rather than what you don’t know. What you don’t know is that a Mesa hard money loan might work for you.

The Facts About Hard Money Loans
This is a loan you get from another investor or an individual looking to invest in you. You don’t have to go through the same lengthy process to obtain a hard money loan as you do a mortgage loan from a bank. It’s also less important that you have a great credit history than it is you have a perfect piece of property. Hard money lenders are free to take ownership of your property as soon as you default on your repayment, and they can sell that property for a pretty penny. Most are able to sell it not only for what they invested but for more depending on whether they decide to finish the work you started.

Hard money loans are expensive, and the terms are short. These are not loans you get if you want to buy a home to live in. This is a loan that will last no longer than two years, but probably no less than six months. The interest rate is significantly higher than that of a mortgage interest rate, and your money is more at risk with a hard money loan.

However, downfalls are not the only thing associated with this type of loan. You also get your money in days rather than months. You don’t need perfect credit, and it doesn’t matter if your income isn’t as high as the bank might like. The lender of a hard money loan just wants to know that your collateral is valuable. When you choose a loan like this, you’re funding shows up in days. This means you can start work right away before comparable sales in the area change. If they change too much, you might not get what you thought when you list your property for sale.

Why Would I Need A Hard Money Loan?
One of the primary reasons people look at hard money loans as an alternative to a traditional mortgage is time. The real estate market in Mesa changes daily, and flipping homes is only successful if there are good comparable sales in the area. Sales change all the time, which means you have anywhere from a month to six weeks to turn a property around sell it for a profit before the comps have a chance to change for the worse.

The other primary reason people might choose a hard money loan is that they’ve already been turned down by a traditional bank. A bank is unwilling to lend money to people who don’t meet their strict criteria, and they are not known for working with buyers. When you work with a hard money lender, you are working with a person who will hear you out. A bank, on the other hand, will not hear you out. If you don’t meet the requirements, you don’t get the loan.

Finally, you might have some difficult situations on your credit report. A former foreclosure or repossession, for example, might make it impossible for you to secure a loan. A short sale might also make a difference in your ability to find funding. If you cannot secure a traditional mortgage, this is often the answer to your problems. You get to buy a home at a very low price, fix it up, and sell it for a lot more. You can use that money to pay off your hard money loan, and you have more money in your pocket than you did before. Doing this a few times allows you to build a nest egg with which to buy future investment properties.

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