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

Savannah-Georgia

If you’re looking for funding for short-term real estate deals, hard money loans are worth looking into. Hard money loans are short-term real estate loans extended to investors who are looking to make investments that they will hold for the short-term before reselling them. Hard money loans are very attractive to borrowers for their lenient credit criteria, their expediency when it comes to delivering the cash, and their flexible terms. While they can be great investment tools, there can be upsides and downsides to getting them. Check out below for some of the pros and cons of getting hard money loans.

Pros of Getting Hard Money Loans

They allow you to get your money quickly
Most traditional loans take anywhere from 30 to 45 days before you get your money. With a hard money loan, you get your money in as little as a week, often less. This makes them a great option for people who need to move quickly on fast-moving real estate deals.

They’re easy to get than other types of loans.
When a traditional bank is considering loaning you money, it looks at everything in your credit history. It will be on the lookout for things like bankruptcies and foreclosures, and it will take a hard look at your credit rating and your credit score. Hard money lenders will take a look at your credit, but that’s not what they’ll their decision on. They will lend you money based on the collateral you bring to the table, which in this case will either be the property that you’re intending on purchasing or property that you already own. These lenient terms make hard money loans an ideal option for people who have less than stellar credit ratings.

You can get more flexible terms with hard money loans.
Hard money loans are loaned by individuals or investor groups instead of traditional banks. This means that you can work directly with the lender to come up with more favorable terms for your loan. This sort of flexibility makes them a good choice for investors who might have unique buying situations.

Cons of Getting Hard Money Loans

They have high interest rates
Hard money loans have higher interest rates than other types of real estate loans, frequently going as high as 15 percent or higher. The reason that hard money lenders charge high interest rates is because there funding risky real estate loans that other lenders tend not to touch. Because they’re taking on this risk, they charge higher interest rates in order to cover their bases.

The industry doesn’t have federal oversight
The hard money loan industry does not have federal oversight. In the past, this meant that the industry was flooded with unscrupulous lenders who put borrowers in financial peril. The industry is a lot safer today, but you still need to do your homework to make sure that you don’t fall victim to predatory lending companies. Get recommendations from local real estate investment groups to see who other investors have gone to for loans. Do a simple Google search to check out the background of hard money lenders that you’re interested in working with. Do your due diligence to make sure that you’re not being taken advantage of.

There’s a large balloon payment due at the end of the loan period.
This is not necessarily a negative. A balloon payment is due at the end of the loan period because no payments are usually made during the month-to-month life of the loan. Many hard money lenders don’t require borrowers to make payments on the principal during the course of the loan. They may ask them to make interest-only payments or else no payments at all, instead opting for a single balloon payment at the end of the loan period,

The assumption is that the sale of the property will cover the amount that’s due. If the property sells, everyone is happy. If the property has not sold, this could spell trouble for the borrower if they don’t have a contingency plan in place. Contingency plans should include refinancing the loan if the property hasn’t sold.

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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