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

Fairfield-California Hard Money Loans

When seeking out a real estate loan, the usual process for most people is visiting a bank to apply for a mortgage. However, since this can be a time-consuming process and be prohibitive to those who have problems with bad credit or bankruptcy, other options such as hard money loans may make more sense. A different type of real estate loan, hard money loans offer such benefits as easy application and approval processes, large amounts of money in only a few days, and flexibility to be used for many types of investment projects. Yet despite these many perks, they also have many aspects that can lead to financial difficulties if investors do not use them wisely. To learn more about these loans, here are some important details to remember.

Short Payback Periods
If you seek out a hard money loan, be prepared to pay back the loan far quicker than a regular mortgage. Instead of having decades to pay off the loan, your lender will expect payment in full within no more than three years, and in most cases only 12 months. Because of this, you should always have a plan in place that will guarantee the property you purchase will be sold quickly enough to allow repayment of the loan. If this does not happen, you may face not only additional fees and higher interest rates if you apply for an extension, but also possible foreclosure on the property by the lender.

What About Collateral?
When applying for a hard money loan, the collateral used for the loan will be the property being purchased. Instead of examining the applicant’s financial history to determine their ability to repay, the lender will be more interested in the property’s loan-to-value or after-repair-value ratios, both of which will determine how much money they are willing to lend. As an example, if the property is valued at $100,000, the lender will probably lend $80,000 toward the project, meaning the investor will only need $20,000 of their own money to complete the purchase.

Private Individuals and Institutions
Instead of getting a hard money loan from a local bank, investors will instead be working with private institutions or individuals to secure these specialized loans. While the advantages of this include quicker approvals and greater flexibility in how the loans can be used, the downside is there are few if any regulations surrounding these loans. As a result, the lenders often charge very high interest rates, tack on a variety of fees, and can essentially create any loan terms they wish, so long as the applicant agrees to their terms.

Plan Ahead of Time
If you decide to pursue a hard money loan for an investment project, have a plan in place well ahead of time. For example, if you are planning to purchase fix-and-flip properties with the loan, make sure you are not stuck in a buyer’s market, where the properties may not sell as fast as anticipated. Since you may only have one year to pay off the loan, always be sure you are virtually certain your plans for the project will come to fruition in time to pay back the loan. Otherwise, foreclosure, refinancing, and higher interest rates and fees may be on the horizon.

Ask Plenty of Questions
When meeting with a hard money loan lender, don’t be shy about asking as many questions as possible to make sure you understand how the loan works. For example, always ask about the payback period, interest rates, how much experience they have in providing these loans, and if they have a valid real estate broker’s license, since this is a requirement for those offering these loans. By asking these and other questions, you can be sure your lender is reputable.

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.
10 Essential Mobile Apps for Small Businesses on the Go

Today, businesses do not require a brick and mortar location…

10 Indicators Time to Expand Your Business

As an entrepreneur, you are always looking for the next…

21 Overlooked Small Business Tax Deductions You Need To Know

Small businesses owners are often oblivious on how much money…

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…

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