Louisiana Hard Money Lenders

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

High LTV

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

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

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

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

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

- Leo kovacz

Industries We Service

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:

What differentiates Louisiana hard money lenders from traditional lenders?

The critical difference between banks and  hard money lenders is the fact hard money lenders are asset based lenders. They focus on the collateral associated with the by the person requesting the funds. But, traditional lenders focus on credit and how much cash the borrower has. It is critical to remember hard money loans aren’t great for the long run. The objective of a hard money loan is to be a bridge loan that which helps you get the home you’re trying to buy. Hard money lenders focus on short term loans that generate a significant ROI. If you are unable to repay the loan you took, a hard money lender can take over your property in order to settle his/her loan.

What are some negative of hard money

There are many reasons reasons why a hard money loan is a terrible idea. For instance, hard money lenders ask for higher interest rates. This is because of the fact hard money companies think they’re taking substantial risks by lending on an investment property – and wish to be reimbursed at a higher rate than what a bank would charge. High interest rates make hard money loans unattractive for some types of deals. In addition, hard money lenders have shorter terms than conventional lenders – which also makes them unattractive. Traditional lender provide 30 year periods but private money lenders offer only 1-3 year terms.

Hard money lenders can help finance your next deal

Hard money lenders work a very specific group of individuals, i.e. property investors. Hard money lending is a form of short term lending, which is secured by property. Specifically, the people who use hard money loans are typically property investors – typically, those who are being denied a traditional loan as a result of stringent guidelines.

Hard money lenders exist since they’re fast, and offer loans with little to no headaches. Hard money lenders have a fast application system. They expect collateral and don’t look at your credit score. They concentrate on your expertise, rather than your credit worthiness. If you’ve got a bad financial past, it’ll be much easier to obtain financing with a hard money loan as opposed to a conventional loan which is granted based on your credit report. Below are situations where hard money lenders fill a void that traditional lenders don’t touch:

Louisiana Hard money loans can be used for repair and flip real estate investors

Most traditional lenders will not offer you a loan for a fix and flip job. If the home is in poor condition, or there is some other abnormality with the home, then a conventional lender won’t give you funding. Additionally, most reverse and fix potential deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first offer. Conventional lenders take forever, so by the time the loan is approved – you have already lost the property because someone paid money for it. For those who have a hard money lender on your side who will close a loan in 5-10 days, you can get the fix and flip property.

Hard money loans are bridge loans

From time to time, your job goes over-budget and because of this you need additional money. Some traditional lenders will refuse, because the job isn’t finished. Though this can be catastrophic, a hard money lender might be willing to lend you the funds. Hard money lenders are delighted to give money to bridge the gap in financing, and can work with you to fill that void.

Hard money gives you bargaining power

If you’re a real estate investor, more funding means more deals. By using outside money, you can focus on more simultaneous deals that would otherwise be impossible. Traditional lenders look at your overall debt to income ratio, and won’t give you a loan if they believe you have a lot of existing debt. 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 fixate on is the value of your property. 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 are not interested in taking on extra risks – they legally aren’t allowed to following the 2008 economic crisis. Hard money loans can close faster than conventional loans from a financial institution, which permits you to move quicker. Many sellers will be willing to work on their cost and willing to cut you some slack – if you can show you can pay immediately. Many real estate investors that rely on conventional lenders cannot move fast due to delays because of the cumbersome guidelines traditional lenders have. Speed and unlimited money, is why hard money is good.

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