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

Rancho Cucamonga-California

Understanding Hard Money Loans – Rancho Cucamonga-California
When real estate investors are unable to obtain a traditional mortgage loan to fund a project, they often turn to hard money lenders. It’s simply a fact of life that traditional mortgage loans don’t work for every situation. If you have questions about hard money loans, keep reading to learn about this asset-based lending solution.

About Hard Money Loans

Hard money loans are provided for the purchase of real estate and the value of your property as collateral is the basis of the loan. While the entirety of your loan application is considered, it’s not like traditional mortgage loans where your income and credit scores are the primary determining factors in whether your loan is approved. Hard money lenders are private firms and individuals that assess the entirety of your application as opposed to just following strict guidelines without considering your situation. There are different types of hard money loans that meet different needs.

Types of Hard Money Loans

A bridge loan enables you to buy a property, then resell or refinance it. This type of loan is also for buying a new property before getting the cash for a down payment through the sale of a property that you already own. A construction loan enables real estate developers to start a new construction project and refinance or sell it right away. You can use a fix-and-flip loan to buy and fix up a rehab property, then resell it and pay off the loan. The owner-occupied loan is offered by a small number of hard money lenders because it’s a consumer loan and a lot more regulations are involved.

How Hard Money Loans Work

Many real estate investors appreciate the fast and easy application process for hard money loans. It can take less than a week to complete the lending process. Generally, borrowers are required to have a cash down payment that’s determined based on the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

Hard money loans are for a short period of time, typically 12 months to several years. Instead of monthly principal and interest payments, there’s a chance that you will only have to make interest payments. There’s even a possibility of zero payments until the balloon payment is due. The balloon payment will include the entire principal, the remaining interest and any fees that have been added to the loan.

Is a Hard Money Loan Right for You?

Whether a hard money loan is right for you depends on your situation. You will need to consider the pros and cons. The benefits of a hard money loan include fast access to money, flexible terms and lenient requirements for approval. These are not characteristics of traditional mortgage loans. With a hard money loan, you are more likely to have the financial resources that you need to invest in real estate.

Some of the downsides of hard money loans are the short terms, have high interest rates and fees. Hard money loans also have limited government oversight, which means you should be careful about the lender that you choose. There could also be an issue with refinancing as a result of traditional mortgage lender requirements to satisfy the “seasoning” period. This means you’ll have to hold the loan for a certain period of time before refinancing.

Despite the downsides, many real estate investors see hard money loans as a tool that enables them to capture more investment opportunities. The reality is that hard money loans offer a solution to a problem and can make the difference in the success or failure of a real estate investor. If you are unable to obtain a traditional mortgage loan, a hard money loan could be a good alternative.

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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