Miami Gardens-Florida 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.

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

Miami Gardens-Florida Hard Money Loans

If you’re a real estate investor or looking to become one, an exciting new option is available in Miami Gardens, Florida. Hard money loans provide you with nearly instant funding to purchase, rehabilitate, and resell properties in the area. These loan programs are collateral based, so if you’ve been turned down elsewhere, you’ll still want to check us out. We have many different loan programs available for nearly any scenario.

What is a Hard Money Loan?

A hard money loan provides financing to fill the gap between the investor and the end purchaser of the property. Rehabilitation loans provide the opportunity to “fix and flip” the home for a potential profit. Bridge loans provide the investor an immediate approval to purchase a property without putting any money as a down payment. As real estate investors often have complex financial situations, these loans can be highly convenient and beneficial.

Hard money loans also offer lower monthly payments than traditional financing options. Interest only, balloon payment, and adjustable rate mortgages are commonly used to reduce the monthly cost while the property is listed for sale. While the interest rate may be higher than that of a traditional loan, the term is much shorter as well. Typically, hard money loans are paid off within a year or less with a maximum term of no longer than five years. Therefore, it’s important for the investor to have a solid plan to rehabilitate the home and immediately list it for sale. These loans aren’t meant for those who intend on holding or residing in the property due to their repayment structure.

How Do Hard Money Loans in Miami Gardens, Florida Differ from Bank Loans?

Bank loans are a great tool for primary residences, first-time homeowners, and tenant occupied investment properties. However, they’re not designed for temporary owners and rehabilitation projects. Conventional loans are government backed and often require insurance unless a sizable down payment is made at the time of purchase.

Credit is also a major concern with most traditional lenders. With hard money loans, credit isn’t viewed as a major determining factor although it is reviewed. Minimum credit scores, employment history, income, assets, and more are all scrutinized by traditional lenders. Since time is of the essence in real estate investing, this simply isn’t practical for most investors. Conventional lenders also aren’t in the rehabilitation business and tend to shy away from these loans even when offered by some agencies as a product.

With a hard money loan, you’ll want your finances to be in the best shape possible as the overall picture is taken into consideration. Even with non-traditional financing, credit is reviewed and does play a part in the determination. A more favorable credit score would qualify for the most favorable terms due to the reduced amount of risk.

What Documentation Do I Need to Submit for a Hard Money Loan Approval?

A recent appraisal with comparable home sales is always helpful as is a home inspection. This allows the borrower and lender to come to a mutual understanding of what the expectations are and how the loan would be mutually beneficial. Estimates are also helpful in a rehabilitation scenario. Whatever helps to support the value of the home prior to and after the repairs is helpful.

How Do I Apply for a Hard Money Loan in Miami Gardens, Florida?

Applying for a hard money loan is easy with our convenient online application. You’re also welcome to give us a call if you’d prefer. Our courteous and professional loan representative will review your request and make a recommendation. After that, you’ll be well on your way to settlement and receiving your funding. See why so many Miami Gardens, Florida real estate investors depend on us. Give us a call or reach out online and we’ll get you started, today!

Hard Money Loans

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