Hard Money Loans Nevada

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.

Jason

Founding Partner (Cut and Stitch)
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

Hard Money Loans Nevada

Do Nevada Hard Money Lenders Require Deposits?
Although the hard money loan is easier to get approved for that a traditional bank loan, it is important that you do your due diligence too when meeting with investors. Just because you need funding to cover house flippng or that investing of commercial real estate, doesn’t mean you should turn a blind eye to unsavory tactics by those looking to take advantage of you in your time of need.
Here is everything that you need to know about deposits required by hard money lenders.
Nevada Hard Money Versus Traditional Loan
When you apply for a traditional loan at your bank, there are no upfront fees involved with the transaction. Regardless your credit history or years in business, the risk department at the bank will not demand a deposit in order to process your application. There is no reasons to expect that investors of hard money loans will either. This is a legitimate short-term loan, and when papers are drawn up accordingly, there shouldn’t be requirement for a down payment.
While the investors looking to provide the hard money loan are more flexible than the local bank, they do not use that position to take advantage of consumers who may or may not be over a barrel financially.
Providing Before and After Values
The reason a legitimate hard money investor is not going to be looking for a deposit is because they will be making a fair amount of money on the back-end. In order to guarantee that this is a profitable endeavor, the hard money lenders require the borrowers to show the value of the property both before and after repairs have been made. The legitimate hard money lender is more concerned about how soon they will get their investment back and how much of an interest rate they can charge. They are not going to lose a chance at making serious money by demanding the borrower kick up a deposit.
The legitimate hard money lender will not ask for a deposit, plain and simple. If you are being told you must put up a deposit, either consider another investor or negotiate those terms better. It is just bad business to want cash up front from a potential borrower.
The Cost of the Appraisal
The hard money investors stand to make a serious profit off the bridge loans because they are in fact short-term loans. Not only is the terms shorter than a traditional loan, the interest rate can be negotiated so the investor is guaranteed a nice profit for minimal work. That being said, these investors are in the business of making money, and not every deal closes out as planned. If these investors had to lay out the cash for an appraisal of the property in question for every loan they considered, they would be taking a risk they usually will avoid. Even though the appraisal will not break them, paying for several dozen of these a year can in fact be costly.
While the hard cash lender will not ask for a deposit, they may ask the borrower to cover the cost of the appraisal up front. If the deal falls through, the lender was not on the hook for any money. If the appraisal checks out and the deal does close, then the investor may refund the cost of the appraisal on the back-end. These are terms that can be agreed upon at the start of negotiations.
Meeting Somewhere in the Middle
The investors of hard money loans are willing to be flexible for the sake of getting the deal done. In some instances, a borrower may just be starting out and doesn’t have the history to secure a traditional loan. In other instances, the borrower may have average credit with little assets. Even in the case of the latter, the investor is not going to demand a deposit, they would prefer the borrower put up more to protect the integrity of the deal.
Meeting in the middle is the unique aspect of the hard money loan that appeals to borrowers for a number of reasons. If the borrower has collateral not normally used in a traditional loan, the investor may see opportunity and allow it to be part of the deal. A legitimate investor is never going to want cash up front, it doesn’t make business sense and could jeopardize the deal from even taking place.
Hard Money Lending Deposits in Conclusion
Now that you have a better understanding of what is standard protocol as far as deposits with hard money loans, you can focus on gathering your appraisal documents and moving forward.
The best investors are interested in making money for all parties involved, so other than the cost of the appraisal, you should have zero outlay with these potential investors.

Hard Money Loans

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