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 Clarita-California Hard Money Loans

Understanding Hard Money Loans – Santa Clarita-California
When it comes to mortgage lending, it would be great if there were traditional loan types that fit the needs of everyone, but that’s not the case. There are many instances when real estate investors need money right away, but they are unable to secure a conventional loan.

If you’re in the market for a loan product that fits your unique needs, a hard money loan might be the solution. There are advantages and disadvantages of hard money loans and the best thing you can do is make an informed decision.

What Are Hard Money Loans?

Hard money loans are for real estate purposes and are made based on the value of your property as opposed to your ability to pay back the loan. These loans are offered by private individuals and organizations and the requirements are less stringent. There are different types of hard money loans, such as fix-and-flip, bridge, owner-occupied and construction loans.

With a fix-and-flip loan, you can purchase and fix up a rehab property, which you can sell and pay off the loan. Bridge loans let you buy a property that you intend to resell or refinance. Owner-occupied loans are obviously for the purchase of a home in which you intend to live, and they are an option when you don’t qualify for other loan types. A real estate developer who wants to start a new construction project can get a construction loan and either refinance or sell the property right away.

How Hard Money Loans Work

For the most part, hard money lenders grant loans for investment purposes, which means it’s difficult to get a loan for your private home. While some lenders issue loans to consumers, it’s more difficult because of the additional regulations for consumer loans. For instance, lenders will have to satisfy Dodd-Frank regulations, which ensures the debt-to-income ratio is within the guidelines. They will also have to comply with additional licensing requirements.

The loan period for hard money loans is usually about 12 months, but it can be a few years. One of the benefits of a hard money loan is that you only make monthly interest payments instead of principal and interest payments. There are even some instances when you are not required to make any payments at all. This is one of the reasons why hard money loans can be appealing. Another reason is because the financing process is streamlined and fast. It can take less than a week to fund the loan.

As far as the amount of cash that you’ll need, it depends on the Loan-To-Value (LTV) or After-Repair-Value (ARV) ratio. When it’s time to paying the loan off, you’ll do that in the form of a balloon payment that covers the principal, interest and fees.

How Hard Money Loans Are Unique

Hard money loans are drastically different from traditional bank loans. For instance, hard money loans have high interest rates and an extremely short repayment period. It’s also much easier to get approved for this type of loan. Hard money lenders are more likely to approve a loan if you have poor credit, a bankruptcy or a foreclosure. The reason why is because they are more interested in the collateral for the loan, as well as the LTV ratio. Banks are more concerned with your income and credit rating.

Generally speaking, the reason people get hard money loans is because they can get money quickly, the requirements are easier to meet and the terms are flexible. The downside of hard money loans includes high interest rates and fees. There’s also the issue of getting a short-term loan that can be difficult to refinance. Despite the potential challenges, people often find that the advantages of getting a hard money loan outweighs the disadvantages.

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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