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

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!

When you’re trying to secure a mortgage for your home, you might wonder why the process is so difficult and why every loan company isn’t the same. You could be someone who needs a loan as soon as possible so that you can get the home that you’ve dreamed of that might not be there next week. If you don’t qualify for a traditional mortgage like others who apply, don’t lose hope because there are options available. You can apply for a hard money loan and usually be approved in a short time. Before you apply for this kind of mortgage loan, there are a few things that you should understand.

What Is It?
While most loans are based on your credit or the ability that you have to pay back the loan, a hard money loan looks at your collateral. This is how it’s often easier to be approved for the hard money loan when you’re not eligible for other types. Keep in mind that there are a few different types of hard money loans that you can apply for instead of only one, which means that you could be approved for one type and not the other while using the same information.

Bridge
This is a loan that you should look into if you plan on refinancing your home in the future or you know that you’re going to sell it in the future. It’s usually easy to get approved for and often a good solution if you need a loan right away. The loan is beneficial because you can often get approved for the home based on its value instead of the down payment that you have for the home.

Fix And Flip
If you’re buying properties to fix them up and sell them for a profit, then this would be the loan to consider. You will pay back the loan after the property is renovated and sold to someone else. Keep in mind that this is an option that is usually better if you don’t plan on keeping the property.

Occupied
Owning a home can sometimes mean that you need funds for repairs or to finish paying for the property so that it’s yours. An owner-occupied loan is one that allows you to secure the money needed to buy your home while you’re already in it instead of waiting to get the money before buying a property.

Construction
When you have a piece of property and are looking to build a home on it, then this would be the type of hard money loan that you should try to get. They are sometimes better for a real estate developer who plans to build multiple homes in one area, but individuals can apply for them as well for properties where only one home will be built.

Each hard money loan is looked at by the lender to determine if you have the collateral to pay back the loan instead of the money that you need up front. You’ll find that these loans are usually available for purposes other than buying a home, such as renovating or building a property from the ground.

These are loans that you should consider if you’re planning on selling the property, not if you already own your home and just need to make a few repairs. They usually have shorter terms on them because the lender is often under the impression that you’re going to sell the property or pay off the loan in a short time. Most hard money loans are paid off within 12 months. A balloon payment is typically attached at the end of the loan to cover interest fees, the principal, and any other fees that might be in place.

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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