Montana Hard Money Lenders

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

High LTV

We fund loans up to 80-90% LTV with no issues.

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

What differentiates Montana hard money lenders from traditional lenders?

The critical difference between traditional lenders and  hard money lenders is the fact hard money lenders are asset based lenders. They focus on the asset associated with the loan. In contrast, traditional banks focus on credit and how much cash the borrower has. It is super important to remember hard money loans aren’t good for the long run. The purpose of a hard money loan is to be a short term loan that gets you the real estate you’re trying to acquisition. Hard money lenders focus on 6-24 month termloans that reap a significant ROI. If you fail to repay the loan, then the company you borrowed from can take possession of your property in order to repay his/her loan.

When’s a good time to consider getting a hard money loan

Private money loans serve as investment tools by investors. They are useful in a few situations, such as:

Unable to find financing elsewhere. Funding real estate investments is complicated. Traditional mortgages are difficult to acquire under normal situations. Banks are extremely cautious of making loans for purposes of real estate investments, as opposed to loans for primary residences. Because of this, if you’re looking for investment funds – then get a hard money loan.

You’ve got a poor credit. Hard money loans are based off the collateral of the investment, not your ability to repay. Loans made to consumers – as opposed to private money lenders – are based off your ability to repay the loan. This means in case you have a poor credit history or no stable income – then you might not get approved for financing. You need money. Hard 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 you can find a hard money loan. If you can wait several weeks, then it’s far better to get a hard money loan.

Hard money lenders can help finance your next deal

Hard money lenders assist a very specific group of individuals, i.e. real estate investors. Hard money lending is a type of bridge term financing, which is secured by real estate. Specifically, the men and women who use hard money loans are typically property investors – typically, people who are being denied a conventional loan as a result of stringent guidelines.

Hard money lenders exist because they are fast, and provide loans with little to no headaches. Hard money lenders have a smooth application system. They expect collateral and don’t look at your credit score. They focus on your expertise, as opposed to your credit worthiness. If you’ve got a bad financial history, it’ll be easier to obtain financing by using a hard money loan as opposed to a conventional loan which is granted based on your credit report. Below are scenarios where hard money lenders fill a void that conventional lenders don’t touch:

Montana Hard money loans can be used for fix and flip property investors

Most traditional lenders won’t offer you a loan to get a fix and flip project. If the home is in bad condition, or there’s some other abnormality with the home, then a conventional lender won’t give you funding. Additionally, most reverse and fix potential deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first deal. Traditional lenders take forever, so by the time the loan is approved – you’ve already lost the property because someone paid cash for it. For those who have a hard money lender on your side who will close a loan in 5-10 days, you can find the fix and flip property.

Hard money loans are essentially bridge loans

From time to time, your job goes over-budget and because of this you need additional funding. Some traditional lenders will deny, because the project isn’t finished. Though this can be catastrophic, a hard money lender might be willing to lend you the money. Hard money lenders are happy to provide money to bridge the gap in funding, and can work with you to fill this void.

Hard money gives you leverage

If you’re a real estate agent, more funding means more deals. By using outside hard money, you can focus on more simultaneous deals that would otherwise not be possible. Conventional lenders consider your entire debt to income ratio, and will not give you a loan if they believe you owe too much money. 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 are not a fantastic fit for conventional lenders. Keep in mind, traditional lenders are not interested in taking on additional risks – they legally are not allowed to following the 2008 economic crisis. Hard money loans typically finalize faster than traditional loans from a bank, which permits you to move quicker. Many property sellers will be flexible on their cost and willing to cut you some slack – if you can show you have funds available. Many property investors that rely on conventional lenders cannot move fast because of delays due to the strict guidelines conventional lenders have. Speed and unlimited money, is why hard money is great.

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  • 2 We'll evaluate it
  • 3 We'll offer our terms

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