Evansville-Indiana 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

Evansville-Indiana Hard Money Loans

Given its proximity to Louisville, the Evansville area has a great deal going for it. This is a working-class city that has a great deal of history. It is now undergoing a resurgence of sorts and real estate projects are popping up across the region. It is a great time to get involved if you are an investor or a developer. However, you might not be able to wait around for the long approval process associated with a 30-year conventional mortgage. You may not even qualify for such financing. That is why you will want to talk to Delancey Street and inquire about the possibility of receiving a hard money loan.

Information About Various Types of Loans

When talking about hard money loans, it is important to know that they are designed for different purposes. The lender will look at the specific reason you need the money and then work to match you up with a loan that is suitable for your situation. That being said, it is helpful to know what the process entails and what is out there available for you. Here is a description of four of the main types of hard money loans offered by lenders such as Delancey Street today.

  • Loans To Fix and Flip a Property – This type of hard money loan is for investors who have located a value priced property that they would like to buy, fix up, and then quickly sell. A hard money loan is ideal because it provides quick access to cash and you will be able to pay it off with the proceeds from the sale after you fix it up.
  • Loans To Occupy a Building – We should say up front that this type of hard money loan is more difficult to get, as such financing is typically reserved for investment purposes only. That being said, you might be able to get short term financing to occupy a building yourself if you can demonstrate a plan to pay off the loan within a year or two.
  • Bridge Type Loans – This is a popular type of hard money loan that enables you to get cash to close on a deal today, with the reasonable assurance that you have another property that you are in the process of selling. You would then use the proceeds from that sale to pay off this loan. Another option is to refinance.
  • Loans for Construction – If you are ready to develop a project, this is the type of hard money loan you need. You will get the money to get the building started. You will then refinance the loan or sell the finished building as quickly as possible to pay it off.

The Purpose of Hard Money Loans Explained

It is important to remember that these loans are different than conventional mortgages. That is actually what makes them appealing to many investors. You will not have to go through a lengthy approval process that could take a month or more. If approved for a hard money loan, the process can often be completed in under a week. In exchange, you need to know that this is meant to be a short term real estate loan. You will need to pay it off in full within a few years. In fact, many loans will not even require monthly payments, while some might ask you to just make interest-only payments until you get the money together for the principal.

If you are interested in hard money loans, contact Delancey Street. Let them know what you are looking to invest in and they will be able to go over the options with you.

Hard Money Loans

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