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

Hard Money Loans Santa Monica

Santa Monica Hard Money Lenders

Delancey Street is a premier, and trustworthy, hard money lender. We fund hard money loans nationwide, and can help you get the financial assistance you need with your next residential, or commercial, property. We understand that many traditional lenders are probably rejecting your request – we’re here to help. We fund hard money loans fast. If we can’t help you – we’ll refer you to someone who can.
Finding a loan via a traditional lender can be a real pain, especially if you have a very poor credit history. With a very low credit score, it could take you weeks or months to be approved for mortgage. It doesn’t matter how urgent your need is – you’ll still have to wait. Hard money lenders, on the other hand, think about the collateral you are giving up as opposed to your ability to pay the loan back. If you neglect to pay back the hard money lent to you, the lender can seize the collateral and sell it to regain their initial investment.
Hard money is are most suitable and valuable to investors who want to renovate or improve a property property prior to selling it at a higher cost. Real estate investors generate an ROI and repay the borrowed cash within a short period of time. Hard money loans, like any other financial instrument, have their advantages and disadvantages.
How fast it takes to get funding
Santa Monica Hard money lenders aren’t worried about your credit rating. Hard money lenders are only concerned about the asset and will process your loan quickly if your collateral justifies the loan. It is important to note that hard money lenders are not always interested in taking possession of your property. They are fast because they spend less time checking your income, bank statement, along with other details. They only care about the potential value of your property. This is important to remember, because if the assessment of the property doesn’t justify the loan – then the lender won’t give you the loan. If you intend on selling the property after acquiring it, then the Santa Monica hard money lender will want to know the after repair value as well.
Flexibility
Unlike the traditional loans, hard money loans agreements and provisions are flexible. Rather than dealing with a large corporation, you will be talking to an individual who is prepared to assist you, and sculpt the loan to your individual needs.
Approval
When it comes to hard money loans, the lender is more concentrated about your collateral. Typically, hard money lenders will give you a loan up to a % value of the property. For example, it’s common for hard money lenders to offer a loan up to 60-70% of the value of the property. In the event you have other financial assets to place as collateral, the lender will also consider their value before approving the loan. Most lenders do not even look at your credit rating.
In terms of loan-to-value ratios, hard money lenders keep them to the minimum, with the maximum being between 50 and 70 percent. They do this to give themselves a better chance of getting their money back if they are forced to liquidate your property.
Accessibility
You can apply and get a hard money loan in a matter of days. This is great, especially for borrowers who need a loan – fast. Hard money lenders don’t run credit checks, and don’t have stringent guidelines unlike traditional lenders.
Disadvantages
Repayment period
Unlike the conventional loans that require longer to be paid, hard money loans are a a short term term lending instrument. This means that you will need to pay back the loan in the shortest period possible – otherwise, you risk the lender taking your property. If you do not meet this requirement, the lending institution will take the property and sell it to try and get back his/her money.
Increased expenses
In contrast to the traditional loans, hard money loans are more expensive. In addition to the loan origination, you’ll also pay closing and servicing expenses. If you take a hard money loan a loan, it may cost you 10 percent more than it might have on the standard loans. Obviously, hard money loans are much convenient.
The rate of interest for repaying the hard money loan can be high because the lenders are taking a risk by giving you the loan. The interest rates usually range between 9 and 14 percent.
Requirement of Equity
Before giving you a hard money loan, lenders ask that you provide a down payment of around 25-30 percent. This is supposed to function as an incentive to motivate you to stick to the agreement. It reduces the exposure the hard money lender has. For example, if market conditions deteriorate – the lender is still protected.
What’s next
If you are sure you need a hard money loan, we encourage you to contact us. We work fast, and try to give you an immediate answer on whether or not we’re interested in funding your request.

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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