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

Salem Hard Money Loans

The housing marking in Salem is ever-changing, but it’s typically a hot market. The area is consumed with growth as more families realize they are looking precisely for what Portland has to offer, and it’s a market perfect for real estate investors to flip homes. It’s possible to find a home that’s priced well below what it would sell for if it had a little love, and comparable home sales make it a tempting market for real estate investors. If you’re looking for your chance to become a real estate investor, this might be the market for you. However, you must know a few things about the financing process.
Traditional Loans Aren’t Always the Answer
For many investors in the Salem area, a traditional mortgage loan might not be the right financial step for you. There are several reasons for this, but the most important reason is simply time. The investment market is all about time. When you find a home that’s priced low enough to flip and sell for a handsome sum, you have to work quickly in case the market changes. It takes approximately 30 to 60 days for a traditional mortgage to finance, which means it might take that long for the market to change.
If the market changes and the comparable sales you were planning to use to base the sales price of your newly flipped home on drop, you’re left without comps to support your asking price. This is why it’s so important for investors to close quickly on investment properties. If you cannot pay cash for a home, you may not be able to work quickly enough to flip a home for profit if you wait on the financing of a traditional mortgage.
The other reason this doesn’t always work is that the bank might not approve you for a traditional mortgage if you have any dings on your credit or if you don’t have a high enough credit score, a down payment, or if you already have a mortgage for the home you call your primary residence.
Becoming An Investor Is Not Out of the Question
Without a mortgage to purchase a property to flip, many potential investors feel their chances of investing are nothing more than a pipe dream. However, a hard money loan can change the game for potential investors. A hard money loan is one that’s not issued by a bank or governing entity. It’s offered by another investor, and it funds in approximately one week. This means you have cash in hand in a week to buy your property.
Even if you have a low credit score, past foreclosures or even short sales, you can still get a hard money loan. Lenders are less interested in your credit and your repayment ability. They are more interested in the property you’re buying. If it’s a good buy that they can sell and make a tidy profit on, they are more likely to give you their money to buy a home. You can potentially buy a home with their cash, flip it, and list it in the six to eight weeks you would have waited to fund a traditional mortgage.
Hard Money Facts
What you should know about hard money loans, however, is that they are not the most affordable loans. The rates are very high because lenders have to protect their risky investments. They’re also very expensive because you have approximately six to 24 months to repay the loan. If you cannot sell the property you’re flipping, you may not be able to repay the loan.
However, if you can sell the property for a handsome sum, you might find a hard money loan is the right choice for you. The process is simple, and the pros often outweigh the cons for many consumers. If you feel this is right for you, it’s time to compare hard money lenders in Salem. They will help you make your dreams of becoming an investor a reality, which can change your financial future. In a few years, you may have enough cash from your flips to buy with your own money rather than someone else’s.

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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