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

Newport News-Virginia Hard Money Loans

If you’re a real estate investor in Newport News, Virginia, we have new financing options available for you. Our company specializes in providing hard money loans for investors who are seeking to increase their profits. Whether you need a bridge loan, a rehabilitation loan or any other type of real estate specialty loan, we have a program for you. These loans are collateral based, so even if you’ve been turned down before, you’ll most likely be able to qualify with us.

What is a Hard Money Loan?

Hard money loans lend money based on the value of the home and the anticipated resale value after the home has been improved upon. This means that you’ll be able to have the money to complete your projects and purchase more properties. A bridge loan works to provide nearly instant funding for those who need to purchase a property but can’t put down a sizable amount of funds.

Hard money loans typically have much shorter terms than their traditional financing counterparts. One to five years are typical terms, with many investors paying the loan off much sooner. Since these loans are convenience based, the interest rates and loan structure are also different. It’s not unusual to make interest-only or adjustable rate payments with hard money loans. Some loans also have a balloon repayment structure. For these reasons, the loan should be paid off as soon as the property is sold. Hard money loans aren’t intended for primary or owner-occupied properties.

How Do Hard Money Loans Differ from Bank and Finance Company Loans?

Bank and traditional mortgage lender loans tend to focus much more on the borrower than hard money loans. This means that good credit, employment history, assets, and collateral must be established for approval. Conventional loans are also government backed and subjected to much greater scrutiny by underwriters. It’s not uncommon to have to pay mortgage insurance in addition to the monthly payment. Conventional loans are also not designed for investment transactions due to their nature. While the interest rates may seem appealing, it’s not uncommon to wait weeks or months only to find out the loan has been denied. Hard money loans provide you with a similar benefit that’s affordable. Low monthly payments, greater flexibility, and the ability to adjust as necessary make hard money loans a more realistic option for real estate investors in Newport News, Virginia.

What Documentation is Required to Apply for a Hard Money Loan in Newport News, Virginia?

The minimum needed to apply is the selection of a property. If you have documentation available such as a recent appraisal or tax bills, this information is also helpful. Chances are, a new appraisal will be ordered to substantiate the home’s value and anticipated value once the repairs are completed. A home inspection is also a great tool to help the borrower and lender understand the scope of the work to be performed to make the property salable. Personal and financial documents should also be made available for inspection if requested.

How Do I Apply for a Hard Money Loan in Newport News, Virginia?

To apply for a hard money loan, you’ll want to fill out our convenient online application or give us a call. Our professional loan representatives will review your request and go over the entire process with you. After you’ve submitted all the required documentation, you’ll be scheduled for settlement. You’ll sign the loan disclosures and be given the payment information. Simply pay as agreed and you’ll be on your way to completing your next profitable project. See why so many of our clients in Newport News, Virginia count on us as their real estate lender of choice. Give us a call and we’ll be happy to get your loan started, today!

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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.

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