Palm Bay-Florida 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

Palm Bay-Florida Hard Money Loans

Investing in Palm Bay, Florida real estate can bring great profits. You also now have access to nearly instant funding with our hard money loans. Even if you have poor credit or limited assets, you’ll be able to take on new projects to increase your bottom line. Our hard money loans offer flexible terms and there’s a program to fit nearly every type of borrower. Regardless of where you’ve applied before, chances are that we can help.

What is a Hard Money Loan and How Does it Help My Business?

Hard money loans are a lending tool that’s been designed specifically for investors. There are many different types of hard money loans. The most common include funding to purchase land, property, or any other space to be improved upon and resold for a profit. Bridge loans make it possible to purchase a property with little or no money out of pocket. Rehabilitation loans are common tools for those who wish to purchase a property that can be improved for a higher resale value.

The main appeal with hard money loans is that they’re funded quickly. It’s common to be approved and funded all within a few days. That’s because the focus is on the potential of the property rather than the borrower. The after-repair value helps us to understand the scope of the project and whether it’s a winning proposition for everyone involved. This means that even those with poor credit have a great chance of being approved. This opens the door to many more opportunities for real estate investors.

Hard money loans have higher interest rates than a traditional mortgage and the loans are structured differently. A hard money loan is a short-term loan. Typically, the loan is one year or less with a maximum of five years when allowed. This makes hard money loans inappropriate for anything other than investment purposes. The loans are structured to allow for a minimum monthly payment while the borrower is improving and selling the property. Interest-only payments are a common form of repayment that these loans offer. It’s always best to ask the loan representative questions about the structure of the loan and the repayment expectations. The balance of the loan is to be repaid upon the sale of the property and shouldn’t be extended beyond this period.

How Do These Loans Differ from Any Other Mortgage Offered by a Bank or Finance Company?

Hard money loans have a much faster processing and funding time. More flexibility is granted due to the unconventional nature of these loans. Banks and other finance companies typically offer government backed and funded loans. This means that they’re subjected to strict regulations and underwriting guidelines. Properties that are retained by the owner in some form are ideal candidates for these loans. Without a large down payment, many government funded loans require a significant insurance premium to be paid until the loan reaches a certain balance or the loan if refinanced. Simply put, the government isn’t in the business of lending to property investors that aren’t going to maintain the residence.

How Do I Apply for a Hard Money Loan in Palm Bay, Florida?

Applying for your hard money loan is easy. Simply provide the address of the property along with a few other items on our online application. You can also reach us by phone if you’d prefer. Our professional loan representative will contact you and go over all your options. We offer many different loan programs, so we’ll make sure you’re provided with the best product for your needs. You’ll quickly see why so many Palm Bay investors are loyal clients. Get in touch with us and we’ll be sure to provide you with the same great service, today!

Hard Money Loans

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