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

Memphis Hard Money Loans

What is the first thing you think of when you hear of “hard money loan?” A hard money loan means that you can use real estate to get a short-term loan. The loans come from an independent investor who is different from traditional lenders like credit unions and banks. The terms usually are twelve months, but it can also extend for like two to five years. The loan requirement is monthly repayment of interest.
The amount of hard money you can borrow mainly depends on the value of the property. It could be a property owned by the borrower, or it can be a property the borrower indents to purchase. The lenders are mainly interested in the value of the property and not the credit of the borrower. But you need to know that credit is also essential to the lender. You can get the best deals from Indianapolis Hard Money Loans.
If you are a borrower and you cannot get a traditional loan because of short sales for foreclosure you can still qualify for a hard loan. What you need to have is sufficient equity in the collateral property. If your loan application at the bank is rejected, then you have a hope of getting it from hard money lenders. They can still accept your loan application.
What are the types of property for hard money loans?
As a borrower, you can acquire a hard money loan on different types of property. It can be something like industrial, land, commercial, multi-family residential and single family residential. You may come across some specialized hard money lenders on a particular type of property. For example, some may specialize in residential and not land. The reason is they may not be experienced in some areas. Most of them have a particular niche which they are knowledgeable. If you need this type of loan, you should ask them the type of loan they are comfortable with.
If a borrower is occupying a residential property and wants a hard money loan, most of the lenders may not approve of it because it has additional regulations and rules. But some may be willing to go through the paperwork. Because of risk issues, most of the lenders do 1st position loans while few may do 2nd position loans.
What can you use hard money loans for?
You can use hard money loans for many deals. If you want to buy the primary residence and you have a good income history, excellent credit rating, and you do not have a foreclosure or short sale, the best way is to consider conventional bank financing. But you should only do this if you are okay with the lengthy approval process. If you do not have the time, you can consider hard money loans. If you need money within a short time, then the best option would be going for hard money loans.
Hard money loans are best in below situations;
• Construction loans
• Fix and flips
• Land loans
• If you need to invest quickly in a real estate project
• If you have credit issues
Who should consider hard money loans?
Real estate investors go for hard money loans for different reasons. The primary purpose is to get funding quickly for their projects. For example, hard money lenders can fund you within a week. They make it convenient for real estate investors as compared to banks which can take more than a month to fund you. With hard money lenders, there are no lengthy application processes. It can take either one or two days at most. It can even be approved within the same day of application!
It is an advantage for real estate investors if they can get funding quickly avoiding the long wait from the bank and lengthy application process. If you are an investor and you want to acquire property whereby there is competition due to many bids, hard money loans are the best for you. You can also consider hard money loans if conventional banks reject your application. Things like credit issues, foreclosures and income history may make you not get approved for a loan by banks. Hard money lenders may try to consider you even when you have these issues.
Before you consider hard money loans, you need to have the right knowledge. Understanding everything about hard money loans is crucial because it will boost your confidence when applying for the loan. You can use hard money loans to fund your future real estate projects instead of waiting for the long bank process. While you may be scared by the interest rates, with time, you will discover the many benefits of hard money loans.

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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