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

San Buenaventura (Ventura)-California

Hard money loans are often revered in the world of real estate. While they give investors access to easy funding, borrowers that are new to lending should learn more about hard money loans to see if they are the right option for their investment ventures.

Common Questions About Hard Loans

Trying to decide if a hard loan is the right decision for your property purchases? During your research, be sure to cover the most basic questions and concerns related to hard money loans and their lenders. Consider the following information:

Should I pick out a property before applying for the loan?

Yes. Lenders base the majority of their decision of whether to grant the loan by look at the property that you are purchasing. In other cases, a lender will give you a hard loan if you use a property as collateral.

Can I take out a loan to cover the property’s purchase price, as well as the remodeling costs?

It isn’t uncommon for investors to use hard loans to rehab a property in order to sell it. The cost of materials and labors can be accounted for in the loan.

Some lenders in San Buenaventura, California will base the loan on the ARV or after-repair value of your property. This means that you will receive funding to fix your property immediately.

Other lenders will loan the money for repairs and the purchase price separately. In this situation, you will be required to submit paperwork with estimates of the expenses. You will receive a construction draw to cover these costs.

Are hard loans solely available to formal business structures?

While it is true that most hard money lenders only give loans to LLCs and other formal businesses, there are exceptions. Dedicated investors can find a lender that is willing to loan money to an individual—though it won’t be easy. The simplest way to qualify for a hard money loan is to form a business entity.

What inspections do lenders require?

Due to the fact that most lenders base the loan size on the worth of the property, borrowers need to obtain an accurate appraisal. For some lenders, borrowers will need to also receive an additional home inspection and complete a survey before being approved.

Do I have to show how I intend to pay the loan back?

Hard money lenders often require borrowers to have a set plan in place for repaying the loan. If a lender doesn’t ask about these details, it is still in your best interest to have a plan in mind.

Who regulates hard money loans?

Though many people believe hard money loans to be widely unregulated, this isn’t true. Lenders must adhere to the regulations set forth by their state’s real estate bureau. However, this does mean that there aren’t any federal regulations governing the industry.

Do hard loans always have high interest rates?

Borrowers can almost always count on hard money lenders to require high interest rates. As lenders can’t guarantee that the loan will be repaid with income, the hard loans are much riskier to make. Moreover, hard money lending is a business, so most lenders are out to make a profit. If they can find borrowers that are able to pay their rates, there’s nothing stopping them from charging as much as they do.

How am I supposed to pay the final balloon payment?

The last thing borrowers want to do is find themselves at the end of the loan with no way to make the balloon payment. While lenders aren’t expecting that borrowers will accumulate all the cash needed to pay the loan back through renting or a steady income, they do assume that borrowers will already have a solid plan to cover this final payment.

Borrowers have the option of extending the loan (at additional costs), refinancing their loan, or selling their property. If these options aren’t feasible for you, it isn’t wise for you to choose a hard money loan.

As easy as it may seem to obtain a hard money loan, there is still a lot of information that borrowers need to know. Before applying for a hard money loan, make sure you have all the answers to the most common questions regarding these loans.

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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