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

Kent-Washington Hard Money Loans

What You Need To Know About Hard Money Loans In Kent-Washington

You have possibly heard of hard money loans in Kent-Washington a couple of times. But like most people, you probably don’t understand what hard money loans are and whether they are right for you. In this piece, we will highlight everything you need to know about hard money loans: what they are and how they work. We will also answer the question that is in your mind right now: Should you go for a hard money loan?

What is Hard Money Loans?

A hard money loan is a type of real estate loan. These types of loans are generally short-term loans, lasting from one to five years. They come from lending institutions that lend money based (for the most part) on the value of the property you’re using as collateral rather than your ability to repay. There are many types of hard money loans. They include:

Bridge Loan

This type of hard money loan is given to a borrower who wants to buy a home quickly with a goal of reselling or refinancing it. To get this loan, you must be approved for owning two properties at one time, even if it is for just a short period of time.

Construction Loan

This hard money loan is intended to allow a real estate developer to start a new construction project quickly so they can resell or refinance it.

Fix-And-Flip Loan

This loan allows you to buy a rehab home and refurbish it quickly so you can resell it and pay the loan.

Owner-occupied loan

This type of hard money loan allows home buyers who don’t qualify for traditional financing to purchase a home.

How Do Hard Money Loans Work?

As we mentioned earlier, hard money loans are a short-term loan, lasting for a few years. But unlike other short-term loans that require you to make equal payments each month toward principal and interest, hard money lenders only require you to make interest-only payments, and sometimes even no payments at all. You should, however, note that interest rates for this type of real estate loan are generally higher than those of conventional loans.

Benefits of Hard Money Loans

If a hard money loan will cost you more than a conventional loan, why should you use it? Well, here are the benefits of hard money loans.

1. Speed

Hard money lenders process loans more quickly than traditional loan lenders. You can get your funds within a week or less, in some cases.

2. Flexibility

Hard money lenders are also more flexible than conventional loans. Lenders don’t use a certain standard process when giving out loans. Instead, they handle each deal individually. Depending on the relationship you have with your lender, you may be able to get more funding than you qualify for and even adjust repayment schedules.

3. More Investment Opportunities

With hard money loans, you’ll have access to large amounts of fast, flexible cash, which you can use to make more deals.

Drawbacks of Hard Money Loans

While hard money loans are simple, they are not perfect. Here are the drawbacks of hard money loans.

1. Higher Interest Rates

Hard money loans come with higher interest rates compared to conventional loans. If you qualify for other types of loans, it’s advisable to avoid hard money. Aside from high-interest rates, you may also be charged an array of fees such as construction draw fees, origination fees and more.

2. Finding Reliable Hard Money Lenders Can Be Difficult

Getting in touch with hard money lenders can be difficult and time-consuming. This can delay your project.

3. Lack Of Oversight

There is little government oversight in the hard money loan world. Some lenders can take advantage of this and exploit you.

4. Short Terms

Hard loans come with short payback periods. If you can’t pay your loan on time, your lender may bump up the interest rate you pay, as a consequence.

Now that you know what hard money is, how they work and their benefits and drawbacks, we hope this information will help you make an informed decision. If you need a loan in Kent-Washington or have any questions, feel free to contact us.

You’ve worked hard to get your business to the level that it’s at. If you don’t want to rent anymore and are ready to build a property or you want to expand the one you already have, it can help your business move forward. Even if you’re just starting out, it’s highly desirable to get a new property built.

Real estate construction or improvements can be costly. You may not have tens of thousands of dollars to throw at a new construction project in Washington. This is when it’s time to explore a commercial construction loan.

At Delancey Street, we’re here to help you with your financing. Our money lenders will make it easy for you to build in Seattle, Tacoma, Spokane, or anywhere else in the state.

Seek the Financial Loan That You Need

It’s important to get the funding you need. More importantly, you need to get a loan that will work for you and the budget that you have in place. You will have a lot to buy.

  • Land development
  • Materials
  • Labor

Think about what kind of project you want funding for. You can build from the ground up or renovate existing space. Either option will require knowing how much money you actually need. Only then can you start to explore the financial loans that are available.

Why Washington New Construction Loans are Important

You need to understand how a Washington new construction loan is going to vary from a traditional commercial mortgage. Banks will often provide commercial mortgages, requiring you to have good credit. The process can be overwhelming, especially as they start to request additional information from you. They will provide the full money upfront and provide you with financing over the course of a 10-year period.

New construction loans in Washington will provide you with the funding in a way that works better for you. The funds are broken out over time based on the schedule that you have in place. You may get some funds to start the project and more funds when each step is completed, such as the building being framed and floors being installed.
An inspector will confirm the work is finished before allowing for the next financial draw. You only pay interest as the money has been released to you.

Once the project is complete, you have options to pay it off. You can choose to pay the amount in full or use the property as collateral while making affordable monthly payments.

Exploring New Construction Loans

As you explore new construction loans throughout Washington, you will want to look at the interest rates, the fees, as well as the down payment that is required of you. Interest rates can vary based on the lender as well as the credit score that you have as a business. This will impact what the loan will ultimately cost you.

Fee amounts and types will vary by lender. You may have to pay guarantee, processing, project review, and fund control fees. Additionally, the down payment is due to a commercial construction loan being high-risk. A 10 to 30% down payment is typically required of most projects.

The good news is that you don’t have to do all of the research on your own. Commercial lenders will evaluate your eligibility and show you what their offers are.

At Delancey Street, we look forward to helping you every step of the way. Contact us today to learn more about new construction loans in Washington.


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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