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

Roseville-California

Understanding Hard Money Loans – Roseville-California
When it comes to real estate financing, people have different needs. If you are unable to qualify for a traditional mortgage and need to find another solution, a hard money loan is worth consideration. Hard money loans are for the purchase of real estate and they are often used as a tool by real estate investors who experience mortgage problems. The information below provides insights into this loan product.

Hard money lenders are private individuals and companies. As lenders, they are unique because they assess each loan application and make a decision based on the individual situation as opposed to standard requirements or a rigid checklist. This means they are often more willing to provide a custom loan product that fits your needs.

Types of Hard Money Loans

The decision-making process for hard money loans primarily involves an assessment of your collateral as opposed to your ability to repay the loan, which is distinctly different from bank loans. There are a variety of different kinds of hard money loans, such as the bridge loan, fix-and-flip loan, owner-occupied loan and construction loan.

The bridge loan will let you buy a property that you intend to resell or refinance. The fix-and-flip loan is a good option if you want to buy and fix up a property to sell, at which point you will repay the loan. There’s also the less common owner-occupied loan that’s for consumers who are unable to quality for other types of loans. The construction loan is for real estate investors who are starting on a new project and intend to either refinance or sell the property.

How Hard Money Loans Work

Hard money loans are primarily for real estate investing, which means the owner-occupied loans are less common, although they are provided by some hard money lenders. It’s been reported that 90 percent of hard money lenders do not offer consumer loans in some states. Hard money lenders shy away from owner-occupied loans because they are more complicated as a result of different regulations for consumer loans, such as the Dodd–Frank Wall Street Reform and Consumer Protection Act and certain licensing requirements.

The loan term for hard money loans is typically 12 months, but sometimes the term can be a couple of years. A benefit of hard money loans is that you are only required to make monthly interest payments instead of monthly payments on the principal and interest. Interest only payments, coupled with fast financing are two of the reasons why borrowers find hard money loans appealing.

Typically, hard money lenders require you to have a cash down payment that’s based on the property’s Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. For example, if you want to purchase a property for $150,000, you might be required to put $30,000 down. Each hard money lender has different criteria. When it’s time to pay off the loan, you’ll make a balloon payment that will cover the principal, any remaining interest and all fees.

Hard Money Loans versus Bank Loans

Perhaps the only similarities between hard money loans and traditional bank loans is that they are used for real estate and often have similar underwriting standards. Otherwise, they are very different mortgage loan products. Hard money loans are unique in that the repayment period is short, interest rates are high and they can sometimes have hidden fees. These are some of the undesirable aspects of hard money loans.

There are beneficial aspects of hard money loans, such as the relative ease of getting approved. Hard money lenders often overlook poor credit, foreclosures, bankruptcies and other challenges that usually preclude a person from getting a traditional bank loan. Hard money lenders tend to focus more on the value of your collateral as opposed to your credit rating and income. Yet another reason why a hard money loan is sometimes an attractive option.

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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