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

Lakeland-Florida Hard Money Loans

Once you decided that getting a hard money loan is the way to go, you need to figure out the best way to make yourself look good to a hard money lender. Understanding exactly what hard money loans are and how they’re giving out will help increase your chances of obtaining one.

What is a hard money loan?

A hard money loan is essentially a short-term loan that is backed by real estate. It is used by investors who are interested in buying every having properties, construction companies that are doing major bills and other people interested in the short-term real estate market.

How do you get approved for a hard money loan?

It’s relatively easy to get approved for a hard money loan in comparison to getting approved for a traditional loan. Hard money lenders are interested in the collateral that you’re bringing to the table. This collateral could be a house that you already own or the property that you’re planning on rehabbing and reselling. Traditional lenders are concerned with the amount of credit that you have, your credit history and credit score, foreclosures, bankruptcies and anything else on your record that could give you a negative credit rating.

What do you need to bring to the table when applying for a hard money loan?

When praying for a hard money loan, there are several things that you need to bring to the table in order to help ensure that you get approved.

Solid Business Plan
Even though hard money lenders have much more relaxed criteria than traditional lenders, they still want to make sure that you have the ability to pay back a loan when it’s due. Presenting the lender with a concrete business plan can help ensure and reassure them that you have the ability to pay. For most people, proof of the ability to pay will be the sale of the property that they’re planning on rehabbing.

Down payment
Most hard money lenders require you to bring a down payment to the table, so figure that into your expenses. Hard money lenders willl base the amount of money they’ll loan you on the value of the property that you’re using buying. Your down payment will be most likely be a percentage of the property value when you buy it, or they’ll base it on the value the property will have once it’s been rehabbed (the “after repair value, or ARV).

What sort of interest rate are you looking at with a hard money loan?

Hard money lenders tend to charge high interest rates for their loaloans, usually ranging from 5 percent to as much as 15 percent or higher. You need to check with the hard money lender that you’re interested in dealing with to find out how much interest you’ll be expected to pay. Hard money lenders charge higher rates for their loans because they’re taking on a greater amount of risk to lend you the money than other lenders would.

How do you find a reputable hard money lender?

There are plenty of hard money lenders out there, and you want to make sure that you are selecting the right one for your situation. Do a Google search of hard money lenders in your area to get an initial list. Next, reach out to other real estate investors in your area by joining groups and going to real estate investment conferences. This is a great way to connect with people who have experience with good lenders and get solid recommendations. You can also search on forums like Bigger Pockets to find a host of great information for investors who’ve been in your shoes.

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

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

ESOP

ESOP – employee stock ownership plan, is a qualified employee…

Financing Small Businesses: How It Helps The Entire Community

Small business financing is a great thing, but many people…

Here’s Every Document You’ll Need to take a Small Business Loan

Documentation and paperwork is the single largest obstacle to most…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now