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

Hard Money Loans Kentucky

What distinguishes Kentucky hard money lenders from traditional lenders?
The critical difference between banks and  hard money lenders is that hard money lenders are asset centric lenders. They focus on the collateral associated with the by the person asking for the loan. In contrast, traditional lenders hone in on credit and how much money the potential borrower has. It is very important to remember hard money loans are not good for the long term. The objective of a hard money loan is to be a bridge loan that gets you the property you’re trying to buy. Hard money lenders focus on short term loans that reap greater ROI than leaving the money in the bank. If you fail to repay the hard money loan, then the hard money lender can take over your property in order to settle his/her loan.
When should you get a Kentucky hard money loan
Private money loans are used as funding tools by investors. They are useful in a few situations, such as:
Unable to get financing elsewhere. Funding real estate investments is complicated. Traditional mortgages are tough to get under normal situations. Banks are extremely cautious of extending a loan for purposes of real estate investments, instead of loans for residences. Because of this, if you’re looking for investment capital – then you’ll probably have to get a loan from a hard money lender.
You’ve got a poor credit history. Hard money loans are based off the collateral of their investment, not your ability to repay. Loans made to consumers – as opposed to hard money lenders – are based off your ability to repay the loan. This means in case you’ve got a bad credit history or no steady income – then you might not get approved for financing. You need money. Private money loans are great so you can get money ASAP. Traditional loans take time. Hard money is very fast. If you will need to capitalize on a chance immediately, then it is possible to find a hard money loan. If you can wait a few weeks, then it’s far better to get a hard money loan.
Hard money lenders can finance your deals fast
Hard money lenders assist a very specific group of individuals, i.e. property investors. Hard money lending is a form of bridge term lending, which is secured by real estate. Specifically, the people who use hard money loans are generally property investors – typically, those who are being denied a traditional loan due to stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a fast application system. They anticipate collateral and do not look at your credit score. They focus on your expertise, as opposed to your credit score. In case you have a checkered financial past, it’ll be easier to obtain financing by using a hard money loan rather than a conventional loan that’s granted based on your credit report. Below are situations where hard money lenders fill a void that traditional lenders do not touch:
Kentucky Hard money loans can be used for fix and flip real estate investors
Most traditional lenders won’t offer you a loan to get a fix and flip project. If the home is in poor condition, or there is some other abnormality with the home, then a traditional lender won’t give you funding. Additionally, most fix and flip prospective deals”go fast.” The seller is extremely motivated to sell the property, and will accept the first deal. Conventional lenders take forever, so by the time the loan is approved – you’ve already lost the property because someone paid cash for it. For those who have a hard money lender on your side who can close a loan in 5-10 days, you can find the fix and flip property.
Hard money loans a type of bridge financing
From time to time, your project goes over-budget and because of this you need additional capital. Some conventional lenders will deny, because the job isn’t completed. Though this can be devastating, a hard money lender may be willing to lend you the funds. Hard money lenders are happy to provide money to bridge the gap in funding, and can work with you to fill that void.
Hard money gives you leverage
If you’re a real estate agent, more funding means more deals. By using outside hard money, you can get involved in more simultaneous deals that would otherwise be impossible. Conventional lenders consider your overall debt to income ratio, and won’t give you funding if they believe you owe too much money. In contrast, a hard money lender doesn’t care about your income, nor do they care about your present debt. The one thing a hard money lender will care about is the value of your asset. Hard money loans are great for developers who need funds to get their project started but aren’t a good fit for traditional lenders. Keep in mind, traditional lenders aren’t interested in taking on extra risks – they legally aren’t allowed to after the 2008 economic crisis. Hard money loans are finalized faster than traditional loans from a bank, which permits you to move faster. Many property sellers will be flexible on their price and willing to cut you some slack – if you can show proof of funds. Many property investors that rely on traditional lenders cannot move fast due to delays due to the cumbersome guidelines traditional lenders have. Speed and unlimited money, is why hard money is good.

New Construction Loans in Kentucky
There are many reasons why business owners in Kentucky may want to expand. Maybe they want to own their own building so that they don’t have to pay rent, or perhaps they want to renovate their existing space. Expanding your business can be beneficial, but many business owners don’t have the funds to pay for a new construction or renovation project up-front. It can take thousands to millions of dollars to complete a new construction or renovation project. In these situations, a new construction loan can be a useful way to help business owners meet the demands of their growing business.

A Guide to New Commercial Construction Loans
A commercial construction loan is used by business owners to finance the renovation of an existing space or the construction of a new building. With the funds from a commercial construction loan, business owners can pay for property, materials, labor, and other expenses.

A commercial construction loan shouldn’t be confused with a commercial mortgage. A commercial mortgage is used for business owners who want to purchase a new commercial property. Commercial construction loans are for business owners who want to construct a new building or renovate an existing building.

How do Commercial Construction Loans Work in Kentucky?
Commercial construction loans are different than other loans. With most regular loans, the borrower will be paid one large payment at once. When the borrower has received the funds, he or she is then responsible for paying the remaining balance of the loan. Most loans have repayment terms that are at least 10 years with a fixed monthly payment.

Those who take out a commercial construction loan will not receive the full funds in one payment. Instead, partial funds will be released at certain periods throughout the construction project. When you take out a commercial construction loan, you will have a meeting with the lender to create a draw schedule. A draw schedule sets milestones that will determine when the funds will be disbursed. For example, the first draw may be when you purchase the property, and the second draw may be when the land is cleared for development. Before the funds are issued, lenders will probably send an inspector to the construction or renovation site to make certain the work has been completed.

During the course of a commercial construction loan, the borrower will only be responsible for paying interest on the amount that has been released. For instance, if you took out a commercial construction loan in Kentucky for $350,000, but you have only received $100,000 of the total loan amount, then you will only be be responsible for paying interest on $100,000.

How is the loan paid off? At the end of the construction project, when the total loan amount has been released to the borrower, he or she can make one large payment. This payment will cover the remaining interest, principle, and other fees. However, borrowers who do not want to make one payment may be able to quality for a commercial mortgage. A commercial mortgage uses the new building or renovated property as collateral. The funds from the commercial mortgage are used to pay the remaining balance of the commercial construction loan. A commercial mortgage can be an affordable option that enables borrowers to make monthly payments over a set period.

Are you interested in learning more about new construction loans in Kentucky? We welcome you to contact us at Delancey Street. Our team of experts will be happy to provide you with further details about your new commercial construction loan options.

New Construction Loans in Kentucky
There are many reasons why business owners in Kentucky may want to expand. Maybe they want to own their own building so that they don’t have to pay rent, or perhaps they want to renovate their existing space. Expanding your business can be beneficial, but many business owners don’t have the funds to pay for a new construction or renovation project up-front. It can take thousands to millions of dollars to complete a new construction or renovation project. In these situations, a new construction loan can be a useful way to help business owners meet the demands of their growing business.

A Guide to New Commercial Construction Loans
A commercial construction loan is used by business owners to finance the renovation of an existing space or the construction of a new building. With the funds from a commercial construction loan, business owners can pay for property, materials, labor, and other expenses.

A commercial construction loan shouldn’t be confused with a commercial mortgage. A commercial mortgage is used for business owners who want to purchase a new commercial property. Commercial construction loans are for business owners who want to construct a new building or renovate an existing building.

How do Commercial Construction Loans Work in Kentucky?
Commercial construction loans are different than other loans. With most regular loans, the borrower will be paid one large payment at once. When the borrower has received the funds, he or she is then responsible for paying the remaining balance of the loan. Most loans have repayment terms that are at least 10 years with a fixed monthly payment.

Those who take out a commercial construction loan will not receive the full funds in one payment. Instead, partial funds will be released at certain periods throughout the construction project. When you take out a commercial construction loan, you will have a meeting with the lender to create a draw schedule. A draw schedule sets milestones that will determine when the funds will be disbursed. For example, the first draw may be when you purchase the property, and the second draw may be when the land is cleared for development. Before the funds are issued, lenders will probably send an inspector to the construction or renovation site to make certain the work has been completed.

During the course of a commercial construction loan, the borrower will only be responsible for paying interest on the amount that has been released. For instance, if you took out a commercial construction loan in Kentucky for $350,000, but you have only received $100,000 of the total loan amount, then you will only be be responsible for paying interest on $100,000.

How is the loan paid off? At the end of the construction project, when the total loan amount has been released to the borrower, he or she can make one large payment. This payment will cover the remaining interest, principle, and other fees. However, borrowers who do not want to make one payment may be able to quality for a commercial mortgage. A commercial mortgage uses the new building or renovated property as collateral. The funds from the commercial mortgage are used to pay the remaining balance of the commercial construction loan. A commercial mortgage can be an affordable option that enables borrowers to make monthly payments over a set period.

Are you interested in learning more about new construction loans in Kentucky? We welcome you to contact us at Delancey Street. Our team of experts will be happy to provide you with further details about your new commercial construction loan options.

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"
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$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
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$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

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