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 Scranton

What makes a hard money lender different from a conventional lender
The biggest difference between banks and  hard money lenders is that hard money lenders are asset centric lenders. They look at on the asset associated with the by the person asking for the loan. But, traditional banks are fixated on the borrowers credit and how much cash the borrower has. It’s super important to remember hard money loans aren’t great for the long term. The objective of a hard money loan is to be a bridge loan that gets you the asset you are attempting to buy. Hard money lenders focus on 6-24 month termloans that reap greater ROI than leaving the money in the bank. If you are unable to repay the hard money loan, then the company you borrowed from can foreclose on your property in order to settle his/her loan.
Why shouldn’t you get a hard money loan?
There are many reasons reasons why a hard money loan is a bad idea. For instance, hard money lenders often charge higher interest rates. This is because of the fact lenders think they are taking substantial risks by lending on an investment property – and wish to be compensated accordingly. High interest rates make hard money loans unaffordable for some kinds of deals. Moreover, hard money lenders have shorter loan terms than conventional lenders – that also makes them unattractive. Traditional lender offer 30 year terms but private money lenders offer only 1-3 year terms.
Hard money lenders can help fund your next loan
Hard money lenders work a very specific group of people, i.e. real estate investors. Hard money lending is a form of bridge term lending, which is secured by property. Specifically, the people who use hard money loans are generally property investors – typically, people who are being denied a conventional loan as a result of stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a streamlined application system. They anticipate collateral and do not look at your credit score. They concentrate on your expertise, as opposed to your credit score. In case you have a checkered financial history, it’ll be easier to obtain financing by using a hard money loan rather than a conventional loan that’s granted based on your credit report. Below are situations where hard money lenders fill a void that conventional lenders do not touch:
Scranton Hard money loans can be used for fix and flip real estate investors
Most traditional lenders will not give you a loan to get a fix and flip job. If the house is in bad condition, or there’s some other abnormality with the house, then a traditional lender won’t give you funding. Additionally, most fix and flip prospective deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first offer. Conventional lenders take forever, so by the time the loan is approved – you’ve already lost the property since someone paid cash for it. If you have a hard money lender on your side who will close a loan in 5-10 days, you can get the fix and flip property.
Loans from private money lenders are great for consumers with poor credit
Most conventional lenders look at a borrower’s credit report. They look at your income and explore past delinquencies. It means that someone with a credit history will have a difficult time, and in some instances never get approved. When this happens to you, your only option is to work with a private money lender. While the interest rates for a hard money loan are higher than conventional loans – if the deal is still profitable, it might make sense to take the money.
Hard money can be used for Commercial properties
Many real estate investors who need a commercial real estate can get private loans from a commercial hard money lender. At Delancey Street, we fund commercial properties throughout the USA, with rates as low as 7 percent, with terms ranging from 6-24 months. We provide amazing client service, with no hidden charges, or bait and switch tactics. We don’t charge prepayment penalties, and there are no income requirements. There are no credit score requirements, and we have minimal paperwork. We offer commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and more. We’ve assisted with a wide spectrum of commercial real estate investors secure hard money for many different commercial properties. We work with real estate agents and hard money brokers that are trying to help their clients get a personal money loan. We’ve financed millions in commercial loans and can work with all kinds of borrowers. Underwriting a business hard money loan takes a whole lot of effort and takes a motivated team.

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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