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

Hard Money Loans Michigan

When a traditional mortgage lender fails to work for the situation of the investor, a hard money loan is an ideal option. A hard money lender utilizes the property as collateral and hard asset. This option has some pros and cons.
How to Start
One of the most significant factors impacting the approval of a traditional loan is your income and credit history. Lenders need a candidate who has a reputable re-payment history since this shows the customer’s ability for repayment of the loan.
But it is clear that a lot of income and a good credit score are not the only parameters looked at for approval and the whole process can take a long time. Hard money lenders use a distinct approach to lending money based on collateral. Hence, there is less focus on credit history.
Hard money loans are not ideal for everyone, but they can be great depending on the circumstance. In case you are starting your house flipping business, and you don’t have the initial investment, you can utilize this loan. You will possess the property for a short while for you to remodel before selling it.
How It Works
Overall, hard money loans have a short-term contract of between half a year and two years. A real estate investor does not want to have a long-term loan since the interest rate is normally higher when compared to traditional loans. But hard money loans are beneficial since they are fast to close. You can get a loan fast enough to pay for a bidding war on a property. It aids developers and real estate investors in doing more deals with little upfront capital investment, resulting in a great profit.
How It Is Different from a Direct Loan or Traditional Loan
Numerous factors make hard money loans to be different from traditional loans. Hard money loans are different from traditional loans in that they provide the borrower with greater leverage as well as closing faster, allowing investors to fund deals speedily.
1. Speed
A majority of hard money lending financial firms do not care about your financial position, which lets you get a loan process quicker than traditional lending firms. Lenders of hard money loans can close a deal in a few days as long as the property is in good condition and the borrower is ready. However, speed can be disadvantageous when there are several offers available.
2. Adjustable Repayment Schedule
Normally, direct and traditional lenders fail to be flexible during the underwriting process. But lenders of hard money loans have the freedom to change the repayment periods and other terms in the contract. This is because, unlike traditional banks, they are not guided by strict regulations and guidelines.
3. Approval
Lenders of hard money give loans depending centrally on the property value. They also base their loans on experience and credit history, but loan programs are sufficiently flexible to include all borrowers who have a decent borrower profile and loan deal.
Bridge Loan
A real estate bridge loan is also called interim financing, gap financing, or swing loan. It is a loan offered in the short-term to minimize the gap or get a borrower from one point to another through leveraging the equity in their property. These loans are ideal for real estate investors who have multiple projects in progress and are waiting to sell one project before starting on the next one.
Construction Loan
Hard money construction loans are often utilized in financing commercial or residential new building projects. Normal construction debt takes between six months and 24 months and is funded in bits that rely on a predetermined plan of milestones.
Acquisition Loan
A real estate acquisition loan refers to the funding for the acquisition or purchase of the property. This loan could be aimed for a fix and flip project, condominium conversion, or resale by a wholesaler.
How to Acquire a Hard Money Loan
As a start, you require having a target property that needs financing. After identifying the property, you must submit your information through an application. Some documents needed in the application are property information, proof of income, and personal financial statement. The application will undergo an underwriting process for approval. Then the deal is closed and funds offered.

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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"
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$125,000 Small Business Loan
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"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

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