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

Miami Fix and Flip Loans

Fix and Flip loans have become a popular form of real estate investments. If you’re a real estate investor looking to get new fix and flip properties, but don’t have the funding – then we can help. You get a fix and flip loan from a reputable lender like Delancey Street. Fixing and flipping houses isn’t nearly as easy as it looks like on television. It takes tremendous vision and planning in order to pull off a good fix and flip investment.

Investors like Delancey Street don’t lend money based on credit or income. They lend based on the property you’re going to buy. We look at your business plan, and whether it’ll succeed or not.

Hard Money Loans For Any Credit Rating

Hard money loans differ from traditional bank loans and things like payday loans. You’re using a hard asset as your collateral. In this case it’s the home you plan to flip, and we’re with you every step of the way. Most people who flip houses take a tremendous amount of time in the planning stages. Not only will you not make a tidy profit, but you could take a serious loss when you sell back the house on the market. It all depends on what you have planned for the “fix” process. You’re going to need good contractors, competitive rates on everything, and whenever possible – you should be able to do some of the work yourself – which equates to savings.
When you take out a hard money loan, you’ll have all the cash you need to move forward with your project. That’s a dream for many people who have been turned away traditional lenders. If your credit is bad and you don’t have a huge net worth, or you don’t have tons of income, you might be turned away by traditional lenders.  Our loans are able to give you the funds you need to complete all of your home repair and improvement tasks.

Call Delancey Street Today

If you want to buy a house to flip, Delancey Street will be there with you during the entire project, giving you the funds you need to complete the project. When you partner with us to receive your funds for repair and improve projects, you can know you’re working with a lender who has helped thousands of people achieve their dreams. All of it begins with a simple application and phone call to our office. Delancey Street can fund your entire fix and flip project. We do loans with an LTV up to 70-80% and can fund within 24 hours.

What Delancey Street Looks For

Delancey Street looks for fix and flip investors who have a business plan that will work. We look at things like the initial cost of the property, the total rehab costs, and the value of the property after it’s repaired. OurIf you have a project that looks like it’ll work, then we can help.

What are costs associated with a Nassau County Fix and Flip

Fix and flips have a lot of direct and indirect investment. Here is a brief summary of some of the more major expenses you might see.
– Purchase/loan costs
– Insurance
– Property taxes
– HOA
– Maintenance of property
– Selling costs
Financing a fix and flip is expensive, and when you start adding all the additional expenses – most investors don’t have the cash. Some investors might be able to cash for their first property, but then have to borrow money for the next property. Hard money is a great way to finance a flip. Every fix and flip has different costs, like HOA fees, property taxes, insurance costs, etc, which need to be factored in.

Should you buy fix and flips hoping it’ll appreciate

When you buy a fix and flip home, it’s possible that it might appreciate in value. Many areas are seeing huge increases in prices, and it might be possible you get a deal that eventually fits this criteria and appreciates in value. Before you proceed down this route, we recommend you run your numbers. If you decide to do a fix and flip to hold, then you’ll need to refinance the property after it’s fixed – so you can repay the hard money lender. If you don’t repay the lender, you could lose your property.

Hard Money Loans

In the world of real-estate finance, the vast majority of projects involves mortgages. Mortgages are extremely popular forms of purchasing real estate because they allow buyers to acquire property they almost certainly not be able to afford without access to long-term financing. For most prospective real estate investors buyers, mortgages are a great choice.

There are some situations where traditional mortgages don’t work. In many situations where the investment property needs extensive repairs or for some reason is below market value, traditional mortgage lenders may view the deal as being too risky. In other cases, the buyer themselves may be viewed as too great a credit risk. If a buyer is involved in too many deals at once, or has highly variable income, traditional home lenders may not be willing to assume what they perceive to be a high level of risk to underwrite a mortgage.

In these situations and many others, a buyer may turn to what are known as hard money loans. A hard money loan is a real estate loan made by an individual investor or group of investors, usually on a short term basis. Because hard money loans come from individuals rather than huge corporations, the terms of the deal can be almost infinitely flexible. This allows creative real estate investors to structure deals in ways that are most likely to meet their specific goals. In exchange for increased flexibility, hard money loans often have higher rates of interest. But paying more interest is usually not a concern as these loans are almost always used as a kind of short-term bridge financing.

Hard money loans don’t involve extensive due diligence

One of the most attractive features of hard money loans is the incredibly fast underwriting period. Unlike traditional mortgages, which involves banks combing over everything from pay stubs to personal spending habits, hard money loans almost never involve extended due diligence procedures. This is because they are backed by real estate. In most cases, the value of the real estate being purchased supplies a good deal of the collateral. Some hard money loans are also collateralized against other real estate owned by the borrower. Because hard money lenders typically give loan-to-value ratios of between 50 and 70 percent, they typically don’t care about the borrower’s credit score, income or other cash flows. They know that if something goes wrong, they will easily be able to recoup their loan by selling the property that was offered as collateral.
Traditional lenders don’t offer loans against property which is being given as collateral. Hard money lenders do, and this one critical difference is what sets them apart from other lenders.

Hard money loans can give real estate investors the edge

Hard money loans have less due diligence involved, and thus you can get cash in hand VERY fast. In some cases, real estate investors who have established relationships with hard money lenders may be able to finalize new loans and get the money wired on the same business day.
For investors operating in a hot real estate market, this can make hard money loans the difference between getting a property or not. Most real estate investors ignore traditional lenders when trying to purchase the property. Often, most work with a hard money lender in order to purchase the property – and then later refinance with a traditional lender.

What are Kern County hard money lenders looking for

Kern county hard money lenders like Delancey Street care about one thing: the success of the project. When requesting for a loan, it’s your job to show why your project will succeed. Focus on how you’ll use the funds, and how you’ll repay the loan. Show a timeline that makes sense, and is rooted in in market data. The more facts and data you use to prove your point, the greater the chances of getting the loan. Often, the number one reason most hard money loans aren’t approved is because the real estate investor has no idea what he/she is doing. The investor doesn’t put forth a compelling reason why the loan should be granted, and how/when the loan will be returned.
One of the thing main things a Kern county hard money lender will look at is the value of the property compared to the loan requested. Ideally, the loan should be 60-70% of the property value. Many real estate investors want a loan that is 90-100% of the value of the property. Unfortunately, this is a very high loan to value ratio, and most investors will refuse to lend at such high ratios.

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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