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

Gresham-Oregon

Obtaining a loan to purchase property isn’t always easy. Quite frankly, sometimes rigid lending requirements make it difficult for some people to quality. When money is needed right away to purchase real estate, there are other options.

Hard money loans offer financing that’s asset-based and for a much shorter duration than bank mortgage products. While it would be good if it there wasn’t a need for an alternative solution, life isn’t always that easy. Below you’ll find information that offers insights into hard money loans.

About Hard Money Loans

Hard money loans are made primarily based on the value of your collateral instead of other factors, such as your ability to repay the loan. Hard money lenders are typically private firms and individuals who have the autonomy to assess the merits of your loan application as opposed to simply following a list of strict requirements. Essentially, there’s a greater chance of getting approved because lenders can offer a custom loan product that fits your needs.

There are different kinds of hard money loans. Some of the common types include are the construction loan, bridge loan, fix-and-flip loan and owner-occupied loan. However, owner-occupied loans are the least common because they can create a regulatory nightmare for lenders, such as a requirement to comply with Dodd-Frank and obtain specific licensing. Nevertheless, there are still some hard money lenders who offer owner-occupied consumer loans.

Construction loans are provided to real estate developers for new construction projects when they intend to refinance or sell right away. Bridge loans let you buy a property fast, then refinance or sell it. You can also buy a new property prior to getting the cash for a down payment from the sale of a property that you presently own. The aptly named fix-and-flip loan is for fixer-uppers that you plan to sell, then pay the loan off.

A Closer Look at Hard Money Loans

There are aspects of hard money loans that appeal to real estate investors, such as the fast financing that can sometimes take less than a week. The application process tends to be streamlined and free of the usually hassles. Hard money lenders will often require you to put cash down that’s based on your property’s Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

As far as the actually term of the loan, it’s often 12 months, but can be a couple of years. Every hard money lender is different. Instead of making principal and interest payments, you will often be required to make interest only payments. There are even some instances when no payments are required until the end of the loan when you make the balloon payment. The balloon payment will be comprised of the principal, any remaining interest and all fees.

Is a Hard Money Loan Right for You?

Hard money loans have few similarities with traditional bank loans. Whether a hard money loan is a good choice for you depends on your situation. The first consideration is whether you are able to get another type of loan. If not, then you’ll have to weigh the pros and cons of a hard money loan.

If you’re looking for reasons not to get a hard money loan, there are plenty. The interest rates are high, the terms are short, sometimes there are hidden fees, and there is little government oversight. It can also be difficult to refinance this type of loan because of traditional mortgage lending requirements.

On the flip side, if you are looking for reasons to get a hard money loan, there are several. You will have access to quick money, the terms are flexible and the requirements are lenient. If you are in need of money and you have don’t have another options, then a hard money loan might be a tool that you can use.

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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