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

Santa Clara-California Hard Money Loans

Santa Clara is one of the most popular places to live, work and play in California. The area is home to Silicon Valley, which is one of the economic centers for high technology. It seems that Santa Clara would be an easy place to secure a standard mortgage for a home or investment property.
Unfortunately, that’s not always the case. Banks and credit unions are stingy when it comes to financing real estate opportunities. They want to solely focus on factors that are negative for some people such as a credit history, debts and income. Many people with credit score issues, low income or high debts often are locked out of the Santa Clara, California real estate market unless they explore other opportunities. One opportunity is a hard money loan.

What is a Santa Clara Hard Money Loan?

A hard money loan is a private, short-term for real estate to purchase a home or investment property. The loan is only for a short period of time. For example, the most common hard loan is repaid within 12 months. However, every hard money loan is different. Some borrowers may have two to five years to repay the loan. Regardless of the number of months to repay, every borrower must make one balloon payment due at the end of the loan. The balloon payment includes the remaining balance, interest and any other fees left on the loan.

Down Payment is Required for a Hard Money Loan

Whether a borrower is going for a construction hard money loan to finance a project or an owner-occupied hard money, a down payment is required. The specific amount is determined by the value of the property or after repair value of the property. A hard money lender will based the down payment amount on the full property appraisal.

Some Pitfalls of a Hard Money Loan

Every type of loan has some disadvantages, hard money loans aren’t immune to disadvantages. For instance, interest rates on the loans are higher than traditional mortgage loans. Also, there is an array of fees such as underwriting fees, origination fees and early payment penalties. Hard money loans are also short-term financing solutions.

Advantages May Outweigh the Disadvantages with Hard Money Loans

Borrowers typically consider hard money loans because of specific factors that prevent them from getting a traditional mortgage. For instance, they have a poor credit score. A poor credit history is a barrier to obtaining a mortgage. Hard money lenders don’t focus on credit scores.

Another advantage is financing. Typically, borrowers who seek hard money loans can’t get financing from any other type of lender. Obtaining a hard money loan allows a borrower in this situation to obtain the needed financing for their project or home.

Fast money is another advantage of a hard money loan. A borrower is able to get needed financing immediately. Sometimes the loan application is completed within less than a week after applying. This is a definite advantage when a borrower needs money fast.

Get Your Hard Money Loan in Santa Clara, California

Every financial situation is different. That’s why many people don’t qualify for a standard mortgage with their cookie-cutter requirements. If you can’t qualify for a traditional mortgage or need money immediately for real estate purposes, you have options. One option is to apply for a hard money loan. The terms are often flexible and some lenders customize loan terms, according to a person’s financial situation. Yes, there are disadvantages to hard money loans such as it being a short term solution. However, it is an important to pursue when other lenders won’t finance real estate. Contact us for information about your hard money loan 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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