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

Provo-Utah

If you invest in real estate in Provo, Utah, a new opportunity for funding is available. Our company has introduced hard money loans for those who rehabilitate and sell properties for a profit. Bridge loans and many other types of hard money loans are also available to those who would like to purchase a property in a hurry with no money down. Even if you’ve had credit or other issues in the past that prevented you from obtaining financing, we can most likely help. Our dedicated loan professionals have helped many investors in Provo to reach their fullest potential and increase their bottom line.

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

A hard money loan is intended to provide fast funding for those who need to take advantage of a great deal on a property. Typical clients include investors that “fix and flip” properties for a profit and those who want to purchase lots and land to improve upon in the future. The loans are approved and funded typically within a few days.

Another major benefit to hard money loans is the underwriting process itself. These loans focus on the quality of the collateral and the potential profits it could produce. Traditional lenders tend to focus on the borrower’s ability to repay the obligation rather than the collateral. Since hard money loans are typically a year or less in length, the property is the primary concern from our standpoint.

The interest rates tend to be a little higher than a traditional loan; however, this is offset by not having to pay a monthly insurance premium as you would with low down payment conventional loans. We’re also able to make exceptions for certain conditions due to the unconventional terms of the loan. Borrowers are also able to make minimum monthly payments with interest only, adjustable rate, and balloon payment mortgages. This is beneficial since the property is only being held until sold to the new homeowner. Reducing overhead is typically a concern with many of our investors.

How Do Hard Money Loans Differ from Traditional Lending Guidelines?

Hard money loans aren’t government funded or backed, so there’s much more freedom in making exceptions and modifications. With government loans, strict criteria must be adhered to. Conventional mortgages are also designed for those who intend to reside in or own their property for an extended period. Hard money loans aren’t designed for principal residences just as conventional loans aren’t designed for investment properties.

What’s Required to Apply for a Hard Money Loan in Provo, Utah?

The minimum requirement is a property that’s been inspected and has a high potential for profitability. Our company appreciates estimates and any other information that can help us envision the success of your project. Recent appraisal information, home inspection reports, tax bills, and title searches are also helpful. We must be able to justify the loan request with an updated appraisal and information that would support the after-repair value to be a realistic estimate. Business and personal financial records are also helpful to give us an overall picture of the scenario.

How Do I Apply for a Hard Money Loan in Provo, Utah?

To apply, simply visit our online loan application. You’ll be asked for some information about your request. After our loan professional looks over the information, they’ll get in touch with you to go over the entire process. From there, you’ll submit your application and any other documentation that’s been requested to approve the loan. You’ll soon be scheduled for settlement and will have the funds to make your project a reality. See why so many investors in Provo choose us as their real estate finance company. Get in touch with us and we’ll be happy to get you started on your next project, today!

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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Delancey Street understands funding like no one else!
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