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

McKinney-Texas Hard Money Loans

McKinney–Texas
As experienced real estate investors know, not everyone qualifies for a standard mortgage. Whether this is due to having bad credit, bankruptcies, or foreclosures, not qualifying for a mortgage can make it difficult to obtain property. Rather than let this happen and have a great deal slip away, many investors instead decide to use a hard money loan to make their purchase. While still considered a real estate loan, a hard money loan differs in many ways that can be very significant to an investor. If you are in need of an immediate source of financing, here are some of the most important facts regarding hard money loans.

How Can Hard Money Loans Be Used?
For a real estate investor, a hard money loan can be used for virtually any type of project. In many cases, investors who specialize in purchasing fix-and-flip properties use these loans to quickly buy properties, make the necessary repairs, and then sell them for a profit. In other cases, investors may purchase an existing building or piece of land and then begin a construction project they hope will yield significant profits. Because of this, investors like these loans due to their flexibility, which can allow them to approach a lender with various ideas for the loan.

Details of a Hard Money Loan
If pursuing a hard money loan, investors need to become familiar with some of the details that make these loans so different from a mortgage. To begin with, the collateral used for the loan will be the property being purchased, which eliminates the need for the lender to check the investor’s ability to repay the loan. Along with this, the payback period for this loan will probably be no more than 12 months, making it imperative the property bought by the investor be sold within this period of time. If it is not, they risk foreclosure from the lender, or at the least having to refinance or extend the loan at higher interest rates. Finally, since these loans have few regulations, the lender can charge numerous fees such as for underwriting and origination, and can also add fees to penalize the investor if they want to pay off the loan earlier than the stated deadline.

Balloon Payment
With a hard money loan, the final payment will be a balloon payment, and it often proves to be rather large. Since the previous payments will have been interest-only payments, the balloon payment will include remaining interest plus any principal, fees, and interest that remain. If this is not factored into an investor’s financial planning for the property, they may find themselves unable to meet this final payment.

Will I Need a Down Payment?
In almost all situations where a hard money loan is granted to an investor, a down payment will still be needed to complete the purchase of the property. Since the lender will examine the property’s loan-to-value ratio to determine how much they are willing to loan, it is recommended investors be prepared to have a down payment of as much as 20% of the property’s value. Thus, for a $100,000 property upon which a lender gives a loan of $80,000, the investor will need to have immediate access to $20,000.

Are All Lenders Reputable?
While virtually all hard money loan lenders are reputable private individuals and institutions, there are still some instances where loan sharks attempt to masquerade as reputable hard money loan lenders. Thus, if an investor attempts to do business with a lender who has little if any paperwork, charges extremely high interest rates, is not licensed by the state’s real estate board, and uses direct or indirect threats of violence or retribution if payments are not made on time, immediately look elsewhere for funding.

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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