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 Jersey Fix and Flip Loans

New Jersey Fix and Flip Lender

Finding a loan via a standard lender can be a real hassle, especially once you’ve got a questionable credit history. With a very low credit score, it might take you weeks or months to be qualified for mortgage. It isn’t important that sometimes you’re in severe need of funding. Hard money lenders, on the other hand, think about the security you’re giving up as opposed to your financial capability to pay the loan back. Hard money loans are usually meant to help companies with funding or purchase a commercial property. In the event you neglect to repay the funds lent to you, the hard money lender will take over the collateral and sell it to receive their funds.

Fix and flip loans are great for investors that wish to renovate or improve a property property prior to flipping it at a higher cost. Real estate investors are able to sell it at a profit and repay the borrowed cash in a brief period of time.
Fix and flip loans, like any other financial product, come with their own benefits and pitfalls. The info below discusses a few of the advantages and disadvantages of fix and flip loans.

Speed
Fix and flip lenders aren’t concerned about your credit score. Hard money lenders are only worried about the asset and will process your loan fast if if you can prove the value of your collateral. It’s very important to be aware that hard money lenders aren’t always interested in taking ownership of your property. They’re quick because they spend less time checking your income, bank statement, along with other specifics. They exclusively worry about the potential value of your property.
Flexibility
Contrary to standard loans, hard money loans are flexible. Rather than dealing with a huge corporation, you’ll be speaking to an individual who’s prepared to work with you. They don’t have standardized guidelines when it comes to evaluating requests. Fix and flip lenders evaluate each situation individually, and look to see whether your unique opportunity will succeed or not.
Approval
If you would like to purchase a real estate investment property, the fix and flip lender will provide you a loan worth 70-80% of the property value. In contrast, traditional lenders offer loans up to 90-100% value of the property. Fix and flip lenders want to lower their risk, and thus offer a lower amount.
In case you’ve had difficulties with your credit history, that won’t be a problem. Most fix and flip lenders do not even look at your credit score.
In terms of loan-to-value ratios, hard money lenders keep them to the minimum with the maximum being between 50 and 70 percent. They do so to give themselves a better chance of getting their money back. In the event you don’t repay your loan, lenders have the right to liquidate your property in order to get their original investment back.
Accessibility
It is possible to apply and receive a New Jersey Fix and Flip loan in a matter of weeks. This is valuable, particularly to for real estate investors who need to finalize their deal in a short period of time. Most buyers won’t wait for months – for your financing to be approved. They’ll take the first deal that comes their way.

Disadvantages
Repayment period
Contrary to traditional loans that have longer terms, hard money loans have been made as a short term lending instrument. This usually means that you will need to pay back the loan in the shortest period possible. In the event you take too long to repay the loan, the fix and flip lender has the legal right to take possession of your property and sell it
Increased expenses
Compared to traditional loans, hard money loans tend to be more expensive. In addition to the loan origination fee, you’ll also pay closing and service fees. Should you take a hard money loan, you may see interest rates 5-10% higher than a traditional loan. This is a strategic tradeoff for most real estate investors. Many people who consider a fix and flip loan would not otherwise qualify for traditional financing. The high interest rate charged by fix and flip lenders is due to the risk they’re taking on you.
Before giving you a hard money loan, lenders ask that you provide a deposit of around 25-30 percent. This is an incentive to motivate you to adhere to the deal. Bottom line, they want to make sure you’ll complete the project. If they see you have equity in the project, the New Jersey fix and flip lender knows you’ll probably complete it in order to get your own investment back. In addition, many fix and flip lenders will insist on you paying 20-30% – since it lowers the real estate investors risk.

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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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