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

Glendale-California

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Glendale, California has 34 neighborhoods delineated by washes, streets and mountain ridges. Each neighborhood has rich character and history. In fact, there’s no other city like Glendale in the Los Angeles County. Whether you want to invest in property or buy a home in Glendale, you should be able to do that. However, some banks and credit unions have their own idea of who should own property in Glendale. That’s why banks and credit unions often base their loan approvals on borrowers’ debts, income and credit scores. The way banks and credit unions make loan approvals may leave you locked out of the real estate market. Of course, that’s until now.

Borrowers can Apply for a Glendale Hard Money Loan

A hard money loan is not a one-size-fits-all, standard real estate loan. Instead, it is a private loan from a lending company or private investor. A hard money loan is a short-term loan that gives borrowers a way to purchase real estate immediately. The loan is based on the value of the property.

It’s important to mention that a hard money loan is only for real estate. While banks and credit lenders look at a borrower’s debt, income and credit score to determine loan approvals, hard money lenders focus on the property itself. Yes, they do look at credit scores, debts and income. However, the property is put up for collateral. That’s why the property’s more important than the borrower’s ability to pay regarding loan approval.

The type of hard money loan available depends on the goals and needs of the borrower. For example, a bridge hard money loan is intended for a person who has the goal of refinancing or selling a property quickly. A fix-and-flip hard money loan is for a borrower who purchases a distressed property. Their goal is typically to fix the property, then flip it for a property. Thus, the purpose of the loan is to pay it off with the proceeds on the sale. Some borrowers can’t get financing from a bank or credit union. However, they want to purchase a Glendale home to live in it. They would pursue an owner-occupied hard loan.

The terms of a hard money loan include making monthly payments on the loan for a specific amount of time. The most common hard money loan is 12 months. However, these loans are typically for two to five years. The last payment is a balloon payment, which requires the entire balanced to be paid.

Down Payment Needed to Secure a Glendale Hard Money Loan

Borrowers are required to have cash on hand to secure the hard money loan. The amount varies according to the amount of the loan. However, it requires a 20 percent of the property’s value to secure the loan.
Benefits of Getting Hard Money Loan

Hard money loans have some disadvantages like high interest rates and other fees. However, they have advantages such as:

• Getting money fast.
• Fast approval.
• Money for a real estate opportunity when Glendale banks and credit unions won’t lend
• Flexible loan terms
• Ability to invest in Glendale real estate faster

Seize the Opportunity of Owning Real Estate in Glendale with a Hard Money Loan

You may have good credit, low debts and high income. However, you need money fast. You may have a poor credit score, high debts, income and a down payment. Whatever the situation, we have your hard money loan. Our money loans have a quick decision and funding within less than a week. Seize the opportunity to own or invest in Glendale real estate with a hard money loan. Contact us today.

If you’re a real estate investor you have new options available to you. Our company is now able to provide you with hard money loans that fund in a matter of days rather than weeks or months. You’ll never have to miss out on another exciting project again due to a lack of available funds. We offer programs for borrowers that might not be able to qualify for traditional and other finance company loans due to credit or asset concerns. This information will explain exactly what a hard money loan is and how it may help you and your business.

What is a Hard Money Loan?

A hard money loan provides you with the temporary financing needed to purchase and rehabilitate a real estate investment project. These loans are focused on the value of the property at the time of purchase and the value that they’ll be projected to sell at upon the completion of the project. Many real estate investors can be quickly qualified and funded simply by having a property selected.

What Types of Hard Money Loans are Available?

Since hard money loans are a non-traditional form of financing, there are many different types. Two of the most common types are for the purchase of a property with limited or no funds and the rehabilitation of a property for the purpose of resale. For this reason, the property should be selected carefully with a speedy completion time. Some loans also allow for the purchase of land and lots to build upon.

Are Hard Money Loans Different than a Traditional Bank Loan?

Hard money loans in High Point, North Carolina vary drastically from their government backed counterparts. A typical real estate loan lasts from 15 to 30 years. A hard money loan can have a term from one to five years, typically. Often, interest-only and balloon type payment structures are utilized. Should the owner need to continue financing the property beyond the loan maturity date, they’d need to refinance the loan or find another way to pay-off the financing. Government loans also place a heavy emphasis on credit and the overall financial health of the borrower. Hard money loans are solely focused on the property and its resale value potential. This makes hard money loans attractive to investors that may have liquid assets tied up or may have credit blemishes. Since the processing times are cut down significantly, hard money loans fund much faster than a traditional loan. Typically, an appraisal and a home inspection are the two most important pieces of information to the loan.

What Type of Information Would I Need to Apply for a Hard Money Loan?

While credit, income, and assets aren’t emphasized in the same way with a hard money loan, they’ll most likely still be reviewed. This help our loan representative to get a snapshot of your financial situation and the best loan for your scenario. Credit explanations are helpful for any items that may potentially be weighing down your credit score. Simple financial statements that are easily accessible are also helpful. Any business financial information pertaining to other real estate investments may be required as well. The loan representative will let you know exactly what will be needed for the loan to be pre-approved and funded upon discussion.

How Do I Apply for a Hard Money Loan in High Point, North Carolina?

Applying for a hard money loan is easy. Simply fill out our online inquiry form or give us a call. Our courteous, professional, and dedicated staff will find the perfect loan for you and your new project. See why so many of our business partners in High Point, North Carolina trust us as the hard money loan lender of choice. Get in touch with us, today!

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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"
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$125,000 Small Business Loan
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"Great choice for first time fix and flippers"
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$250,000 Hard money Loan

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