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

Indiana New Construction Loans

New construction loans for business in Indiana are called commercial construction loans. These loans are different from a commercial mortgage and you can apply to different types of lenders. Banks are the traditional lenders but there are also hard money loans through private lenders, Small Business Administration programs, and loans that help bridge the down payment gap. A commercial construction loan is for new construction or renovations, while a commercial mortgage is used for existing buildings. Many times, a business will use a construction loan and a mortgage after construction is finished.

A commercial construction loan is not paid in a lump sum like a mortgage, it is disbursed in increments according to a draw schedule. A borrower lets the lender know when a milestone in the project is met, the lender sends an inspector to check that the work is done, and the next disbursement is made.

Usually, a commercial construction loan is designed for borrowers to pay interest until the last disbursement is made. The borrower only pays interest on the amount that is already disbursed. Then, the borrower gets a mortgage to pay the sum of the construction loan. With some programs and loans in Indiana, this isn’t necessary.

Interest Rates

Interest rates are between 4% and 12% for commercial construction loans with a traditional lender. Other loans, like hard money loans, will have higher interest rates.

Fees

Construction loans for businesses have several fees attached. These fees depend on the lender and the loan.

  • Project review fees
  • Guarantee fees
  • Documentation fees
  • Fund Control fees
  • Processing fees

How Much is the Down Payment?

A down payment is needed for almost every type of commercial construction funding. The down payment is usually 10% to 30% depending on the lender’s requirements. Some loans specialize in bridging the gap between the amount a lender gives the borrower and the full amount needed for the construction project.

Is Your Business Eligible for a Commercial Construction Loan?

Not all businesses are eligible. Lenders spend a lot of time determining how high the risk is for lending you money. Lenders will check:

  • Personal credit score
  • Business credit score
  • Debt-to-income ratio
  • Debt service coverage ratio
  • Financial information for the business
  • Experience in the industry
  • Construction plans

Types of Funding for Commercial Construction

  • Small Business Administration (SBA) Programs

    Two programs with the SBA offer funding for business expansion via new construction.

    The SBA CDC/504 loan program requires a credit score in the high 600s. This program pays 40% through a development company and another lender pays 50%. The borrower pays the remaining amount.

    The SBA 7(a) Loan Program is used for the construction or purchase of commercial real estate. Terms for repayment are up to 25 years.

  • Bank Loans

    A traditional loan with lower interest rates than most other funding. Repayment is usually 25 years. The standard down payment is 10%.

  • Mezzanine Loans

    These loans can bridge the gap between what a lender gives a borrower and the total costs of the project. Some money for a down payment can come from this type of loan. Stock secures the loan. If the borrower defaults, the lender owns equity in the business.

  • Hard Money Loans in Indiana

    A hard money loan can help with construction expenses. They are short-term and are through private lenders.

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

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Delancey Street understands funding like no one else!
Steven Norris
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