Newport News-Virginia 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

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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Hard Money Loans

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