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

New Haven-Connecticut Hard Money Loans

If you’re a real estate investor in New Haven, Connecticut, you may be eligible to qualify for a new financing option. Hard money loans are now available to help secure your next real estate purchase. These loans offer fast funding, flexible terms, and easy approval. All you need is to have your property selected and we’ll work hard to get your loan approved. This article will briefly touch upon the mechanics of a hard money loan to determine if this is the right solution for you.

What is a Hard Money Loan?

A hard money loans works to provide temporary real estate financing for your next project. The loans are typically one to five years; however, they’re not intended to be permanent financing. For those who rehab and resell homes, this is an attractive option. The loan is primarily based upon the collateral rather than the individual borrower.

The most common type of hard money loan is for the purposes of rehabilitating a home and selling it for a profit. This option provides you with fast funding. This is critical in when trying to secure a property.

Another common type of hard money loan is called a bridge loan. This provides a temporary mortgage without needing to provide a large down payment or jumping through the hoops to obtain conventional financing.

Qualifying for a Hard Money Loan in New Haven, Connecticut:

Qualifying for a hard money loan is easy. The single most important factor is selecting a property that’s able to be fixed and sold in a reasonable amount of time. It’s best to have a recent appraisal or information regarding recent home sales in the area.

Hard money loans are attractive for those who may have experienced credit problems in the past. These loans also don’t require a significant amount of liquid assets or large down payments. This is attractive to investors that may have multiple projects going on at once or are currently in the process of selling other homes.

Obtaining a home inspection is also a great idea when applying for a hard money loan. Home inspections go a step further and provide a third-party opinion on the type of work that must be completed to finish the project. Avoiding unpleasant surprises and unexpected expenses is a huge benefit in the process.

A Hard Money Loan is Alternative Financing:

While hard money loans are great for most investors, they might not be practical in every scenario. Since the loans are not subjected to standard governmental underwriting guidelines, the interest rates are typically higher. Interest only loans and balloon payments are common with hard money loans. It’s important that you research your options and determine if a hard money loan is the right solution for your real estate financing needs. The loan term is typically one to five years, so you must be prepared to resell the home within that period. Hard money loans are typically not recommended for those who wish to use the property as a primary residence.

Applying for a Hard Money Loan in New Haven, Connecticut:

Getting approved for a hard money loan is probably one of the easiest processes in real estate financing. The minimum requirement is that you have a property selected, have researched the area, and have determined a realistic resale value. We provide a helpful online application to begin the process. If you prefer, we’re also available by telephone to guide you through the process. Since these loans are approved within days, it’s important that you stay in touch during processing and provide all the required documentation.

Our company has helped many investors secure financing for their next project New Haven, Connecticut. Our professional, dedicated, and courteous staff will be happy to assist you in your project as well. Get in touch with us to discuss all your real estate financing needs, today!

Delancey Street is here for you

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"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

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