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

Oregon New Construction Loans

Expanding your business in Oregon may mean you need to apply for a commercial construction loan. If you plan to build new or you want to renovate and don’t have all the funds, a commercial construction loan is an effective way to produce most of the money you need.

The Difference Between a Commercial Mortgage and a Commercial Construction Loan

A commercial mortgage is used for buying existing property for your business. A commercial mortgage is also dispersed in a lump sum, while a construction loan is dispersed as you hit milestones in your construction project. A construction loan is for labor, materials, and land development.

When you make payments on a commercial construction loan in Oregon, you will pay on the interest on the part of the loan that is dispersed to you. The typical loan will have you pay only interest until your project is done and then you owe a lump sum to pay off the loan. Most of the time a construction loan is paid off with a commercial construction mortgage. The mortgage uses the property as collateral.

What are the Fees and Interest Rates for a Commercial Construction Loan?

Fees and interest rates vary by the lender and your credit score. The typical fees are guarantee fees, processing fees, documentation fees, project review fees, and fund control fees.

How Much of a Down Payment is Required?

A commercial construction loan lender will want you to have a down payment. A down payment is typically 10% to 30% of the project. Getting a loan for the whole cost of the project is not usual. The loan-to-cost calculation is what conventional lenders start with to decide what they are willing to lend a borrower. The total of the loan requested is divided by the total cost of the project to produce the percentage for loan-to-cost. Lenders like to see this at 80% or 85%. Mezzanine loans help some borrowers produce the remaining funds as a down payment.

Eligibility for a Commercial Construction Loan

  • Credit above 700 is ideal.
  • Debt to income ratio.
  • Debt service coverage ratio.
  • Industry experience.
  • Construction plans.

Types of Commercial Construction Loans

  • Small Business Administration 7(a) Program

    This SBA loan is used for construction purposes or an existing building. You can borrow up to five million and the interest rate is based on the amount of the loan. The loan terms are up to 25 years. To qualify for the loan a business needs to be at least two years old.

  • Small Business Administration CDC/504 Loan

    This loan is for a term of 10 to 20 years and has a fixed interest rate. The borrower handles 10% to 20% of the costs.

  • Bank Loans

    Traditional commercial construction loans vary based on the timeline of the loan, the qualifications and if the pay-off comes from long-term financing.

  • Hard Money Loans

    This type of loan offers short-term financing from private lenders. The interest rates may be higher, but it is easier to qualify for this type of loan.

  • Mezzanine Loans

    If you take out a mezzanine loan to help with down payment costs or other costs, the loan is secured with stock in your business. If you default, the lender owns equity.

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
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Delancey Street understands funding like no one else!
Steven Norris
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