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.


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

Hartford Hard Money Loans


Hartford Hard Money Loans

Hartford, Connecticut is one of the most beautiful, diverse places to live, work and play. Unfortunately, Hartford isn’t always the best place to get a mortgage loan. Most people don’t qualify for the one-size-fits-all, standard mortgage. That doesn’t mean people like you don’t need money ASAP to purchase real estate in Hartford. Whether you want to purchase a historic home in the rolling hills and wooded neighborhoods or commercial property, you have options. It’s called a hard money loan.

What is a Hard Money Loan?
A hard money loan is an outside-the-box mortgage solution. It is a specific type of asset-based loan that’s not financed via a bank. Instead, it is financed through a company or private investor. Thus, it is a private loan that doesn’t require many of the obstacles of a conventional bank loan.

This short-term loan is secured via real estate. The term of a hard loan money is approximately 12 months. However, it can be as long as five years. A hard money loan requires monthly payments that include interest and/or principal.
The following is additional information for you to make an informed decision about pursuing a hard money loan.

Type of Hard Money Loan
The term “hard money loan” is a general description of various loans available. The different type of loans includes:
• Bridge loan. Pursue a bridge loan if you want to buy property quickly and your next step is to refinance or resell.
• Flip-and-flip loan. Take out of this loan when you want to buy a property to rehab, then resell it to pay off the hard money loan.
• Construction loan. Pursue a construction loan if you are a real estate developer who wants to complete a construction project quickly. Your goal is to sell or refinance the property construction.
• Owner-occupied loan. Take out an owner-occupied loan if you want to purchase property to live in, but don’t qualify for a conventional home loan.

Understanding Hard Money Loans
A hard money loan has several perks for potential homeowners and real estate investors. It is financed quickly (a week or less), short-loan term payments and an easy application process. However, a person must have money to pursue a hard money loan. A hard money lender will require a specific down payment based on the property’s After-Repair-Value (ARV) or Loan-To-Value (LTV) ratio. For instance, you want to take out a $100,000 hard money for a house. The lender will require you to have a minimum of cash totaling $20,000.
The last payment of a hard money loan is a balloon payment. A balloon payment is one payment that covers the remaining interest, entire principal and any fees included in the hard money loan. That settles the loan.

The Advantages and Disadvantages of a Hard Money Loan
A hard money loan is just like other loans. They have some disadvantages and advantages. For example, they have high interest rates. In fact, the interest rates may be in the double digits. It’s short-term. Thus, repayment ends in five years or less. Also, there’s possible hidden fees.
However, a hard money provides a person with money quickly. The requirements are easier than taking out a traditional mortgage. A traditional mortgage lenders require proof in terms of a credit score, income and debt. A hard money lender does check these requirements too. However, they don’t make the decision solely on those requirements. They are interested in the collateral used to obtain the loan. Another benefit is flexible terms. A hard money lender is more likely to provide a custom loan that fits a person’s financial situation than a traditional lender.

Obtaining a Hard Money Loan
It’s important to conduct research when deciding to pursue a hard money loan. Also, find a reputable hard money lender. The best way to find a lender is by asking real estate investors in Hartford.

While a standard mortgage does work for some homeowners, it isn’t an option for everyone. In some cases, people need a financing option that will provide money ASAP while others find that they don’t qualify for a typical mortgage. Thankfully, there are other options.

Understanding Hard Money Loans

Of the many other financing options, hard money loan in Miramar, Florida are a viable solution that most people user as a mortgage alternative when investing in property. Read on to learn more about hard money loans.

What is a hard money loan?

Hard money loans are popular real estate financing options.These loans are determined by the value of the collateral, rather than the borrower’s ability to repay the loan.

There are various types of hard money loans:

  • Bridge loan: A bridge loan is intended for individuals that are buying a property in order to refinance or resell it. These loans are also used in the situation that an individual needs cash for their down payment as they are awaiting the sale of their currently owned property.
  • Fix and flip loan: This loan allows an individual to purchase a property in order to rehab and resell it, ultimately paying the loan off with the profits that are made.
  • Owner-occupied loan: This type of loan is intended for consumers trying to purchase a property that don’t qualify for any other type of financing.
  • Construction loan: A construction loan is designed to allow real estate developers to receive faster funding for new construction projects, as they have a goal of selling or refinancing it once the construction is complete.
  • Other: Lenders of hard money loans in Miramar, Florida are private firms and individuals, so there are a variety of other situations that may qualify to receive funding.

How does a hard money loan work?

While hard money loans can be used in a variety of situations, they aren’t guaranteed to everyone. As most lenders give out these loans for investment purposes only, borrowers looking to fund their own private projects will likely be turned down.

As they are designed primarily for borrowers that are investing in real estate, hard loans are typically given on a short-term basis, typically for a few years or less. While most hard loan terms last 12 months, they usually must be repaid through interest-only payments.

With this in mind, many real estate investors find hard loans to be the ideal financing option. These loans provide quick financing, short-term lengths, and a simple application process.

What do borrowers have to pay back?

Most borrows don’t receive their hard money loans without putting some money down first. Every lender will require that a borrower provides a certain amount of money based on either the ARV or After-Repair-Value or their LTV or Loan-to-Value ratio.

To illustrate, if a lender offers a maximum loan according to a 50% LTV ratio, you will have to provide $50,000 of your own money to buy a property that is listed at $100,000.

When paying the loan off, borrowers are typically expected to provide one balloon payment, This money will cover the principal of the hard loan in its entirety, as well as any additional interest and fees.

What are the downsides of hard loans?

Borrowers should exercise caution when taking out hard loans due to the high interest rates. These hard loans often have interest rates in the double-digits. Though these loans are for short-term periods, the high interest rates can quickly inflate your final balance when all is said and done.

While many people are able to make hard money loans work for them, it’s best to use your judgement as you decide which financing option is best for you. Use this guide to help you determine if a hard money loan will be worth it.


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.

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