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

Salinas-California

Understanding Hard Money Loans – Salinas-California
When a loan from a traditional mortgage lender doesn’t work for you, a hard money loan is another option. While it would be nice if there was always a traditional loan that fit everyone’s needs, that isn’t the case. In fact, there are times when a lot of income and a high credit score just won’t suffice. If you’re considering a hard money loan, you’ll want to understand what’s involved, so let’s go over some of the details.

About Hard Money Loans

As an asset-based real estate loan, hard money loans consider the value of your property, as opposed to your ability to pay. Not that your financial standing is insignificant, it just isn’t necessarily the determining factor. In fact, hard money lenders are private individuals and organizations that consider the merits of each loan as opposed to following a checklist of requirements. This is partially why there’s a greater chance of being approved.

Fix-and-flip, bridge, construction and owner-occupied are examples of hard money loans. A fix-and-flip loan is for buying and fixing a rehab property to resell, and then pay off the loan. A bridge loan can work if you want to buy a property now and then refinance or resell it as soon as possible. You can also use a bridge loan to buy a property prior to getting the cash for a down payment from selling a property that you presently own. A construction loan will let a real estate developer get started on a new construction project that they intend to refinance or sell immediately.

While the previously mentioned loans are for real estate investment purposes, there are a handful of hard money lenders that offer owner-occupied consumer loans. However, a large percentage of them won’t get involved with consumer loans because of the additional regulations involved, such as Dodd-Frank. There would also be certain licensing requirements.

A Closer Look at Hard Money Loans

One of the reasons real estate investors find hard money loans appealing is because the application process is easy and the response time can be less than a week, in some cases. Generally speaking, borrowers must have a cash down payment that’s based on the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

Hard money loans are notoriously short term, typically from 12 months to several years. Since the interest rates tend to be high, you wouldn’t want a long-term hard money loan. Monthly payments for hard money loans are often interest only instead of principal and interest. There might even be an option to have zero payments until the end of the term when you make the balloon payment. The balloon payment will include bringing the loan to a zero balance by paying the principal, remaining interest and all fees.

How Hard Money Loans Are Different

There are few similarities between hard money loans and traditional bank loans. Hard money loans have high interest rates, which means you’ll pay more in interest charges than you would for a traditional mortgage. Sometimes there are a lot of fees, such as origination and underwriting charges, among others. As previously mentioned, the loan period is very short, typically not more than a few years. There’s also a possibility that you could have a hard time with refinancing because of traditional mortgage lending requirements. Another area that might be concerning to some is that there is little government oversight of hard money loans.

Despite the cost of hard money loans, there are advantages that sometimes mitigate concerns. Hard money loans provide you with fast money, the requirements are relaxed and the terms are flexible. These are all benefits that can enable you to access real estate investments when there is no other 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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