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

Richardson-Texas Hard Money Loans

What You Should Know About Hard Money Loans
Everyone has different needs when it comes to real estate financing, and it can be difficult to find the right loan product. This is especially true if you cannot qualify for a conventional mortgage. If you have experienced difficulties with your mortgage, then a hard money loan might be the answer to your problems.

Since hard money lenders are comprised of organizations and individuals who make decisions based on each individual application, there’s a good chance of finding one that fits your needs. Below you’ll find information that can help you make a decision about whether this type of loan is right for you.

About Different Types of Hard Money Loans

As a real estate loan, hard money loans are granted based on your collateral, instead of your ability to repay the loan. There are different types of hard money loans, such as the bridge loan, owner-occupied loan, fix-and-flip loan and construction loan, among others. The bridge loan will let you quickly buy a property to resell or refinance it. The owner-occupied loan can help if you don’t quality for other financing options. The fix-and-flip loan is for the purpose of buying and rehabbing a property so that you can sell it, at which point you pay back the loan. Construction loans are for real estate investors starting on a new project, who intend to refinance or sell the property.

What’s Involved in a Hard Money Loan?

For the most part, hard money loans are not issued for purposes other than an investment, which means you are less likely to get approved for a home if you plan on living there. However, there are some instances when hard money lenders fund loans to consumers, but that becomes a more complicated matter since there are more regulations involved.

The timeframe for hard money loans is usually 12 months, but sometimes a couple of years. During this period you’ll only be required to make interest payments instead of payments on both the principal and interest. Interest-only payments, coupled with fast financing are reasons why hard money loans are appealing to some real estate investors.

Generally speaking, hard money lenders will require to you to bring cash to the transaction. The lender might require to you provide cash that’s based on the Loan-To-Value (LTV) ratio. In some instances, the requirement is based on the property’s After-Repair-Value (ARV) ratio. For instance, if you want to buy a house for $150,000, you may be required to have $30,000 of your own cash. Hard money loans are paid off in a balloon payment, which will cover the principal, any fees that may have been added and the interest that’s remaining.

How Hard Money and Traditional Bank Loans are Different

While both hard money loans and traditional bank loans provide you with the tools necessary to purchase property, they are quite different. Since hard money loans are provided by organizations and individuals, the terms are extremely different than traditional bank loans. For starters, the repayment period is very short and interest rates are high.

Perhaps one of the biggest differences is that hard money loans are easier to obtain. Essentially, you’re more likely to get approved for a hard money loan because the lenders are more willing to overlook poor credit, bankruptcies, foreclosures and anything thing else that would usually preclude you from getting a bank loan. Hard money lenders are generally more concerned with the value of the real estate property that will be used as collateral instead of your income and credit rating.

However, if you are approved for a loan that’s for the purpose of buying your own home, then the lender must satisfy Dodd-Frank regulations, which requires them to verify your ability to pay back the loan by assessing the debt-to-income ratio.

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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