Hard Money Loans Miami Beach

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.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
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

Hard Money Loans Miami Beach

How is a hard money lender different from a traditional lender
The critical difference between traditional lenders and  hard money lenders is that hard money lenders are asset based lenders. They look at on the asset associated with the by the person requesting the funds. In contrast, traditional banks focus on your credit and how much cash the borrower has. It’s very important to remember hard money loans are not good for the long run. The purpose of a hard money loan is to be a short term loan that gets you the property you are trying to acquisition. Hard money lenders focus on short term loans that generate greater ROI than leaving the money in the bank. If you fail to pay the lender back, then the hard money lender can foreclose on your property in order to settle his/her loan.
When’s a good time to consider getting a hard money loan
Hard money loans serve as investment tools by investors. Here are some examples where hard money is good, such as:
Unable to find financing elsewhere. Funding real estate investments is complicated. Traditional mortgages are tough to acquire under normal situations. Banks are very cautious of extending a loan for purposes of real estate investments, as opposed to loans for primary residences. Because of this, if you’re looking for investment capital – then get a hard money loan.
You have a bad credit . Hard money loans are based off the collateral of the investment, not your ability to repay. Loans made to customers – as opposed to private money lenders – are centered around whether you’ll be able to repay the loan or not. This means if you’ve got a poor credit history or no steady income – then you might not get approved for financing. You need capital. Private money loans are great so you can get money ASAP. Traditional loans take time. Hard money is very fast. If you need to capitalize on an opportunity immediately, then it is possible to find a hard money loan. If you can wait a few weeks, then it’s better to find a hard money loan.
Hard money lenders can help finance your next loan
Hard money lenders assist a very specific group of individuals, i.e. property investors. Hard money lending is a type of short term lending, which is secured by real estate. Specifically, the people who use hard money loans are typically property investors – typically, people who are being denied a traditional loan due to stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a streamlined application system. They anticipate collateral and do not look at your credit score. They focus on your experience, rather than your credit score. In case you have a checkered financial past, it’ll be much easier to obtain financing by using a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are scenarios where hard money lenders fill a void that traditional lenders don’t touch:
Miami Beach Hard money loans can be used for repair and flip real estate investors
Most traditional lenders won’t offer you a loan to get a fix and flip job. If the house is in bad condition, or there’s some other abnormality with the house, then a traditional lender will not give you funding. Additionally, most fix and flip prospective deals”go fast.” The seller is very 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 cash for it. If you have a hard money lender on your side who can close a loan in 5-10 days, you can get the fix and flip property.
Loans from private money lenders are ideal for people who don’t have great credit
Most conventional lenders look at a borrower’s credit history. They look at your income and explore past activities. This means that somebody with a checked credit score will have a difficult time, and in some cases never get approved. When this happens, your only option is to work with a hard money lender. While the interest rates for a private loan are higher than traditional loans – if the deal makes sense, it might make sense to take the money.
Hard money gives you bargaining power
If you are a real estate agent, more funding means more deals. By using outside money, you can work on more simultaneous deals that would otherwise be impossible. Conventional lenders look at your overall debt to income ratio, and won’t give you a loan if they think you have a lot of existing debt. In contrast, a hard money lender does not care about your income, nor do they care about your outstanding financial obligations. The only 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 conventional lenders. Remember, traditional lenders are not interested in taking on extra risks – they legally are not allowed to following the 2008 economic crisis. Hard money loans are finalized faster than traditional loans from a bank, which permits you to move quicker. Many sellers will be extremely reasonable on their cost and ready to cut you some slack – if you can show proof of funds. Many property investors that rely on traditional lenders are unable to move fast due to delays because of the cumbersome guidelines traditional lenders have. Speed and unlimited money, is why hard money is great.

Hard Money Loans

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