Montgomery-Alabama 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

Montgomery-Alabama Hard Money Loans

If you’re a new real estate investor ready to start building your empire, getting a hard money loan is a great way to get started. A hard money loan is a short-term real estate loan that allows investors large and small to invest in short-term real estate. These types of loans are very popular, but it’s important that you know the ins and outs of getting one before you sign up.

These are short-term loans primarily made to investors.

Hard money loans are short term loans that have a period of six months to three years. The loan terms are short because the idea behind them is that an investor will purchase and rehab or build an investment property that will later be sold. At the end of the loan period, the hard money loan comes due in one lump sum payment.

Hard money lenders have relatively lax lending criteria.

When you try to get a loan from a traditional bank, the bank looks at your credit rating, looking at your credit score and searching for any black marks on your record like bankruptcies or foreclosures. A hard money lender is curious about your credit rating, but it won’t base its decision on it. The hard money lender instead looks at the collateral that you’re bringing to the table. The collateral will either be the investment property you’re planning on purchasing or a property that you already own. That collateral is sort of a guarantee for the hard money lender that it will recoup the loan many at the end of the loan term.

Hard money lenders prefer not to loan money to consumers.

Some people seek out hard money lenders to obtain financing for owner-occupied property that they intend to live in themselves. If this is your plan, it’s important to note that hard money lenders prefer not to lend money to consumers. Doing so would require that the lender apply stricter lending criteria and satisfy a host of other rules that they’d prefer not to. This is why they deal primarily with investors. There are a few hard money lenders who will work with individual consumers, so if you’re interested, just be aware of the limitations they will face.

Hard money loans have high interest rates.

One of the key things to note about hard money loans is that they have high interest rates, often going up to 15 percent and higher. The reason for this is that hard money loans are considered high-risk loans, with the hard money lender taking a huge risk. This high interest balances out that risk.

The loan amount you receive will be based on the property’s value.

Hard money lenders will use the value of your property to figure out how much to lend you. If the current value of the property is used, the lender will be using the LTV (the loan-to-value) ratio. This amount represents the ratio of the loan amount divided by the value of the property as it currently stands.

Some lenders extend a loan that uses the ARV, or after repair value. This means that the loan that the hard money lender will extend to you will be larger since the value of the home will be higher once it’s been repaired and upgraded. That also means that ARV loans tend to have even higher interest rates.

The hard money loan industry doesn’t undergo federal scrutiny.

The hard money loan industry doesn’t undergo federal scrutiny. This left the door open for predatory lenders to descend on unsuspecting buyers in the past. The industry is much better now, but do your due diligence when choosing a lender to make sure that you make a selection you feel comfortable with.

Hard Money Loans

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