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

Elk Grove-California Hard Money Loans

If you’re thinking about buying a piece of property in Elk Grove, California, you could be wondering how you can take out a loan so that you can make the purchase. For example, after doing some serious research, you might have decided that you want to invest in “fix and flip” properties. For many people, hard money loans are helpful for the real estate investment process. Learn a little more about this exciting borrowing opportunity here, and you’ll be glad you did.

What are the Different Types of Hard Money Loans?

There are a few different types of hard money loans, including bridge loans, fix-and-flip loans, owner-occupied loans (although these are less common), construction loans and more. A hard money lender can help you determine which type of loan will be best for you based on your situation and the property that you want to purchase.

How Do Hard Money Loans Work?

Hard money loans are usually short-term loans that are often fairly easy to get approved for. You may only have to make interest-only payments in the beginning, or you might not have to make any payments at all until the end. Then, you may have to make a balloon payment to cover the entire amount of the loan.

Top Benefits of Taking Out a Hard Money Loan

A few of the benefits of hard money loans are listed here:

  • They’re often easier to qualify for. Although your credit score will be checked, hard money lenders usually aren’t as picky as mortgage companies are.
  • They’re fast, which usually isn’t the case with a mortgage. This helps if you have found a great deal on a property and want to snap up the deal before someone else does, which is a common scenario for real estate investors to find themselves in.
  • They have shorter loan term lengths that can encourage you to pay off the property more quickly, although you will need to be prepared for this.
  • They can be used to purchase distressed properties, since you usually don’t have to worry about the property passing a home inspection. Many mortgage companies, on the other hand, do have this requirement.

The Disadvantages of Taking Out a Hard Money Loan

Of course, there are some cons to these loans, including:

  • You may have to pay a higher interest rate, particularly if you don’t have good credit.
  • You may not be able to use a hard money loan to purchase a property that you are actually going to live in. These loans are usually used for investment properties.
  • Loan terms are usually short, so payments can sometimes be high.

Tips for Taking Out Your First Hard Money Loan

If you have learned a little more about the pros and cons of taking out a hard money loan and have decided that this type of lending is right for you, consider these tips:

  • Borrow from the right lender. It’s best to borrow from a hard money lender that has a good reputation and that has been in the business for a while.
  • Be aware of interest rates. If you have a lower credit score, you may have to accept a higher interest rate on your loan. However, you should still compare rates and look for the best interest rate that you can find.
  • Pay attention to the repayment terms. For example, many hard money loans come with shorter loan terms. Additionally, there are cases where these loans require a balloon payment at the end of the loan term, and you will need to be prepared for that if that is the case.

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

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