Hard Money Loans Jacksonville

We empower entrepreneurs, real estate investors, and businesses of all sizes challenge the status quo. We take risks on the go-getters, and do’ers – who have an opportunity and need a partner.At Delancey Street, we invest in people and their ideas – not abstract concepts like credit scores, or other financial metrics. Tell us about your idea, let’s discuss your opportunity

High LTV

We fund loans up to 80-90% LTV with no issues.

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

How is a hard money lender different from a traditional lender

The critical difference between traditional lenders and  hard money lenders is the fact hard money lenders are asset centric lenders. They focus on the collateral associated with the funding request. But, traditional banks are fixated on your credit and how much cash on hand the real estate investor has. It’s very important to remember hard money loans aren’t good for the long term. The purpose of a hard money loan is to be a short term loan that which helps you get the commercial property you’re attempting to buy. Hard money lenders focus on short term loans that generate high profits. If you fail to repay the loan, then the hard money lender can take over your property in order to settle his/her loan.

When is the right moment for a hard money loan

Hard money loans serve as funding tools by investors. Here are some examples where they are helpful, such as:

Not able to get financing elsewhere. Funding real estate investments is complex. Traditional mortgages are tough to acquire under normal situations. Banks are very cautious of making loans for investments, as opposed to loans for residences. Because of this, if you’re looking for investment capital – then you’ll probably have to get a hard money loan.

You have a poor credit history. Hard money loans are based off the collateral of their investment, not your ability to repay. Loans made to customers – as opposed to hard money lenders – are based off your ability to repay the loan. This means in case you have a bad credit history or no stable income – then you might not get approved for a loan. You need funding. Hard money loans are great so you can get money ASAP. Conventional loans take time. Hard money is very fast. If you will need to capitalize on an opportunity immediately, then you can find a hard money loan. If you can wait several weeks, then it is far better to get a hard money loan.

Hard money lenders can help finance your next loan

Hard money lenders assist a very specific group of people, i.e. property investors. Hard money lending is a form of short term lending, which is secured by property. Specifically, the people who use hard money loans are generally real estate investors – typically, those who are being denied a traditional loan as a result of stringent guidelines.

Hard money lenders exist because they are fast, and provide loans with little to no headaches. Hard money lenders have a fast application system. They anticipate collateral and don’t look at your credit rating. They concentrate on your experience, rather than your credit score. If you’ve got a checkered financial history, it will be easier to obtain financing with a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are situations where hard money lenders fill a void that conventional lenders do not touch:

Jacksonville Hard money loans can be used for repair and flip real estate investors

Most traditional lenders will not offer you a loan for a fix and flip project. If the house is in bad condition, or there is some other abnormality with the home, then a conventional lender won’t give you funding. Additionally, most reverse and fix potential deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first offer. Traditional lenders take forever, so by the time the loan is approved – you’ve already lost the property since someone paid money for it. If you have a hard money lender on your side who can close a loan in 5-10 days, you can get the fix and flip property.

Hard money loans are great for people who have extremely terrible credit

Most run of the mill lenders look at a potential borrowers credit history. They verify your income and explore past activities. This implies that someone with a credit score will have a difficult time, and in some cases never get approved. When this occurs, your only choice is to work with a private lender. While the interest rates for a private loan are higher than conventional loans – if the deal is still profitable, it may make sense to take the money.

Hard Money Loans Can Be Used For Commercial Real Estate Investments

Many real estate investors who need a commercial property may get hard money loans from a commercial hard money lender. At Delancey Street, we finance commercial properties throughout the USA, with rates as low as 7%, with terms ranging from 6-24 months. We provide great customer service, with no hidden fees, or bait and switch tactics. We do not charge early payment penalties, and there are no income requirements. There are no minimum credit score requirement, and we have minimum paperwork. We provide commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and much more. We have assisted with a wide array of commercial property investors secure funds for many different commercial properties. Delancey Street works with real estate agents and hard money brokers who are trying to help their clients receive a personal money loan. We’ve financed millions in commercial loans and can work with all types of borrowers. Underwriting a commercial hard money loan takes a lot of effort and requires a motivated team.

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