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

Sunnyvale-California Hard Money Loans

While you may have been under the impression that the “hard” in hard money loans referred to the application process, you would be wrong. Hard money loans are easy to qualify for and lenders approve the funds faster than you might think.

Getting a Hard Money Loan

Hard money loans are likely the most flexible financing option when it comes to real estate investment. As most of the lenders of hard money loans are private individuals, investors will find that there is a distinct variability in the type of borrower a lender is looking for.

As long as you have some sort of property for collateral, most lenders will be happy to do business with you. While they may review your financial situation, it is likely that this won’t affect their decision regarding lending you a loan. Another important detail to note is that while lenders may or ask about your credit score, some require that a down payment be made upfront.

Interest, Additional Fees, and the Final Payment

With the ease of the hard money process, investors should still exercise caution. Borrowers must always keep the repayment process of the loan in mind when applying for a hard money loan. Most investors that have had poor experiences with hard money loans did so because they failed to fully understand all the details of repaying the loan.

With regards to paying a hard money loan back, investors should expect to pay three things: the interest, additional fees, and a balloon payment. While every lender won’t have the same pricing structure, the following are the basic expenses investors should keep in mind:

  • Interest rates

    Looking into a hard money loan but afraid of the interest rates? You’re not alone. Most investors that are weary of hard loans don’t understand how the interest rates affect the costs of the loan.

    Though many hard loans have credit card-esque interest rates, investors must take into account the other details. Hard money loans are mostly short-term, so the interest rates are only charged during that specific period of time. In contrast with other interest rates, hard money loans aren’t that much more expensive than other financing options.

  • Additional fees

    Fees for hard money loans will vary from lender to lender, but many investors should expect to pay one or all of the following early-payment penalties, construction draw fees, origination fees, or underwriting fees. As many of these fees are meant to catch you by surprise, you need to ask your lender upfront whether or not they will charge other fees in addition to the interest and the final payment.

  • Balloon payment

    If you’ve used other methods of financing before, it’s likely that you expect to pay off the loan with individual payments throughout the term of the loan. However, this isn’t typically the case with many hard money loans. Instead of making interest-only payments as an individual might with a standard 30-year mortgage, hard money loan lenders in Sunnyvale, California often require a balloon payment once the loan is due.

Investors that aren’t prepared for this process will likely be caught off guard by the triple whammy of the balloon payment, interest, and additional fees. To better prepare for the repayment of the loan, investors should make plans to either refinance their loan with a traditional mortgage or other refinancing program, extend the life of their loan (at an additional expense), or sell their property.

If all else fails and an investor is unable to pay the loan back, they should speak with their lender. Under certain circumstances, a lender may be willing to work out a solution for that individual. However, if no resolution is reached, the lender will likely foreclose upon the property.

Hard money loans are an invaluable resource to many investors. Ready to see how hard money loans can benefit your business? Make the decision to speak with a lender 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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