Kent-Washington Hard Money Loans

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

1

High LTV

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

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

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

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

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

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

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

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:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

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.

Hard Money Loans

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