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 Manhattan

Manhattan Hard Money Lenders

Poor credit could stop you from acquiring a potential real estate investment property you’re looking at. Traditional lenders don’t invest in high-risk opportunities, which could leave you with limited options. One of the most viable alternatives is hard money loans. These type of loans are provided by private investors or a group of investors.
Hard money lenders are only concerned with the value of your property, which is used as collateral. As such, you should not let poor credit stop you pursuing a hard money loan. Hard money loans take a relatively shorter time to be processed; usually 5 to 10 days. The loan amount you get will be based on the value of your property. Moreover, the approval of hard money loans involves significantly less paperwork.
Here are some of the things that Manhattan hard money lenders look at before processing your loan:
– Do you have any experience or history in fixing and flipping real estate properties?
– What is the value of the property being used as collateral?
– How do you plan on repaying the hard money loan
– How much cash reserves do you have to serve as holding cost?
Assuming you have adequate answers for the questions above, your loan can be processed in the shortest time possible. Manhattan hard money lenders will focus on your LTV.  The LTV has to be low – 70 percent is a considerable LTV. Some lenders can even offer borrowers 100 percent financing depending on their specific situation.
Pros of Manhattan Hard Money Loans
• Quick approval process
One of the advantages of Manhattan hard money loans over traditional loans is their quick approval process and funding. Manhattan hard money lenders don’t normally undertake time consuming credit checks. Once they ascertain that you have enough equity in the property being used as collateral, they will proceed with the approval of your loan. You can receive the financing in a matter of days. On the other hand, traditional lenders can keep you waiting for about 30 to 45 days.
• Flexibility
Since these loans are provided by private individuals, they have more flexible terms. They are also subject to less red-tape. They do not have specific guidelines, unlike traditional lenders. You can even have the lenders adjust the repayment schedule to something that suits you. Manhattan hard money lenders can even tailor them to fit your specific situations.
• New borrowers
Unlike traditional loans that are only available to individuals who have had significant experience in their field of work, hard money loans are ideal for new borrowers. New borrowers often have poor credit ratings, but they can still obtain these loans to proceed with their investments.
Cons of Manhattan hard money loans
• Their interest rates are high
Hard money loans have higher interest rates as compared to traditional loans; this is because they are high-risk loans. Most Manhattan hard money lenders offer interest rates between 10 and 20 percent.
• Short repayment period
Hard money loans usually have a shorter repayment term compared to traditional loans. Most hard loan lenders will give borrowers a loan term of about 1 to 3 years. Some lenders, however, may give borrowers a repayment term of up to 5 years. A short repayment period may put a real estate investor on the losing end if he or she does not manage to flip his or her property by the end of the scheduled period.

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

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