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

Salt Lake City-Utah

If you’re a real estate investor in Salt Lake City, Utah, we have great news for you! Our company has recently begun making hard money loans available to finance your projects. This means that you’ll have quick access to funds, so you won’t have to pass up any exciting opportunities. Our loans fund within days rather than weeks and we offer many different programs. Even if you’ve had trouble qualifying through private investors, banks, or other finance companies, we can help. Our dedicated, professional staff has experience in handling all different types of real estate investment transactions.

What is a Hard Money Loan and How Will it Help Me?

A hard money loan provides you with a loan to purchase, rehabilitate, and resell a property for a profit. Bridge loans allow you to jump on an opportunity to purchase a property without having a down payment. The loan is then converted or paid off later. This means that you’ll be able to take advantage of more opportunities to increase your bottom line.

Hard money loans are typically one to five years in length and are structured differently than a traditional real estate loan. A hard money loan will offer you the opportunity to make a monthly minimum payment that’s much lower than you’d pay on a traditional mortgage. This is through interest only, adjustable rate, and balloon payment loans. Since these loans are designed only to be utilized for a short period of time, the investor should be focused on reselling the property as soon as the improvements are made. In the same respect, these loans aren’t appropriate for owner or tenant-occupied properties.

With a hard money loan, the focus is on the collateral rather than on the borrower’s personal finances. This helps many investors who may have credit issues, limited assets, or multiple projects. Although these loans are collateral based, the information is still reviewed by our underwriter. Borrowers that have a better handle on their finances typically qualify for more favorable terms and interest rates.

How Does a Hard Money Loan Compare with Traditional Mortgage Financing?

Traditional mortgage financing is a great tool for those who intend to remain in a property, use it as a vacation home, or rent the property to tenants. Personal involvement is required with these types of loans. Since they’re government backed, the underwriting criteria is also much less flexible than with a hard money loan. Credit scores, income, employment history, and assets weigh heavily in the decision-making process. Many investors will find that this is simply an impractical route for a property that’s to be resold. Also, without a sizable down payment, you’ll be required to purchase mortgage insurance. This insurance can add a significant amount to your monthly payment. Hard money loans aren’t subjected to these regulations although they’re still subjected to governmental lending standards.

What Information is Needed to Apply for a Hard Money Loan in Salt Lake City?

A property selection is the minimum amount of information needed to apply for a hard money loan in Salt Lake City. If available, any other information that would support the current value of the home is helpful. A recent appraisal with comparable home sales in the area is the best documentation. It’s also helpful to purchase a home inspection so you’ll be aware of any serious issues that must be addressed with the loan. Estimates are also useful to determine the approximate cost of the repairs that will need to be completed. Either way, an updated appraisal, credit reports, and other documentation will be ordered by our company.

How Do I Apply for a Hard Money Loan in Salt Lake City, Utah?

Applying for a hard money loan is easy. Simply complete the online loan inquiry form or give us a call. We’ll reach out to you and go over all your options. Before you know it, you’ll have the funds in hand. Get in touch with us to see how we can help you get started with your new investment, today!

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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