Memphis 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.

Jason

Founding Partner (Cut and Stitch)
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

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.

Hard Money Loans

Need funding for your next project?

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