Lakeland-Florida 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

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.

Hard Money Loans

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