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.


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

Topeka-Kansas Hard Money Loans

Topeka is a city on the move, with many great real estate deals making themselves available to those interested in investing. If you are in the area and looking to move on a property, you might not have a lot of time to get in on the ground floor of a great deal. There are also times when you just do not qualify for a conventional mortgage. You might think that there are not any options left for you in such a case, but a hard money loan offered by Delancey Street could be your ticket to closing the deal.

What Types of Hard Money Loans Are Available?

There are actually quite a few different types of loans available using this type of lending. The loan that works for you will depend on a variety of factors and on the type of real estate deal that you are hoping to close. A hard money loan typically has less stringent requirements than other types of mortgages as approval will depend more on the collateral you will have in the building that you are hoping to purchase.

There are four major varieties of hard money loans that you will want to make yourself aware of. The details for each are included below.

  • Owner Occupied Loan – These are harder to get, but they will provide you with the money you need to buy a home or building that you intend to occupy on your own. This is useful if you cannot get approved for another type of financing, but the short term nature of the loan often makes it difficult.
  • Bridge Loan – As its name implies, this is a short term need for hard money that will get you a property quickly. In return, you plan on either selling it within the year or refinancing it in order to pay back the loan. Alternatively, you might plan on using the proceeds from another property you are selling to raise the down payment you need to qualify for a conventional mortgage.
  • Construction Loan – This is the loan you need if you are a developer looking to get a project off the ground quickly. You need access to funds fast because you plan on selling the building just as soon as it is finished. Alternatively, you may refinance the loan within the first year.
  • Fix and Flip Loan – This is a popular type of hard money loan that is geared for investors who enjoy buying homes that are a value, and then quickly fixing them up for a fast sale. Once sold, the proceeds are used to pay off the loan.

While these are the main types of hard money loans, there are other varieties as well. You will just want to talk to Delancey Street to determine which type of loan best fits your particular situation.

Why Consider a Hard Money Loan?

This type of loan is geared for the real estate investor who needs access to cash in the short term in order to meet certain obligations designed to build their property portfolio. Because of this, you will find it difficult to get this type of financing if you are wanting to buy a property in Topeka to live in on your own. However, it is possible to do so and this is why you will want to speak to a loan specialist about your particular situation.

A hard money loan is different from other types of property financing because of its short term nature. You will only have a few years at most to pay back the loan. During that time, you will only be asked to make interest payments. Some lenders do not even expect that. You will need to have the loan paid off by its maturity date, which could be as little as 12 months.

When a traditional loan will not work, a Kansas City hard money loans provide an alternative means of financing a real estate purchase. However, hard money loans are not for everyone. Before you finance your next real estate purchase, learn the difference between traditional loans and hard money loans.

Traditional Loans

Traditional real estate loans are based on your credit history, your earnings, and the likelihood that the lender will get its money back. The loan terms often stretch over many years. By applying for a traditional loan, you open current and past financial history up to close scrutiny.

In essence, your reputation is the collateral for the loan. The entire process may take over a month to finalize, and many banks will not lend money for renovation projects. When you sign the loan papers, you are agreeing to a set interest rate and repayment terms. This is the type of loan your parents probably used to pay for the family home.

Hard Money Loans

Hard money loans are based less on creditworthiness and more on the ‘hard’ collateral you put up to guarantee repayment. The collateral may be real estate or other assets that the lender can sell and recoup its money in the event you default on the loan. Hard money loans are typically finalized in just a few days with a minimum of paperwork, and borrowers are expected to come up with a smaller down payment than with a traditional loan. The rates are often flexible and tied to a specific project, such a home build or renovation.

The reason this type of loan is not for everyone and every real estate project is because a hard money loans terms usually cover only on a few months, typically less than two years. Additionally, while hard money loans may be easier to qualify for, they typically come with a much higher interest rate, making them a poor choice for the average homeowner looking to keep the property, and loan, for a long time.

Types of Hard Money Loans

You will find three common hard money loan types. Each is designed to fit the needs of a specific subset of borrowers.

Bridge Loan

A bridge loan is designed for borrowers who have multiple real estate projects in process at one time. They are typically awaiting the sale of one property to purchase a new one. The loan ‘bridges’ the short interim until the first property sells. This type of loan is also referred to as:

  • Interim financing
  • Swing loan
  • Gap financing

Acquisition Loan

Most commonly used by borrowers who buy properties, fix them up for resale, and ‘flip,’ or sale, them quickly, the acquisition loan finances the purchase of the property.

Construction Loans

When a borrower needs to finance new construction, he may apply for a hard money construction loan. The construction loan usually has a term of six months to a year. It may require interest-only payments during the term. The borrower may not receive all the funds at one time. Instead, the funds are doled out intermittently based on the percentage of construction that is complete.

Property Types

Lenders make hard money loans on all types of real estate, including:

  • Industrial
  • Residential
  • New construction
  • Commercial
  • Renovations
  • Multi-family dwellings

Hard Money Loan Acquisition

The first step to applying for a hard money loan is narrow down your project ideas to a specific investment property. Once you submit your application, it will go through an approval process that may or may not require the submission of financial statements and proof of insurance. Once all of the required paperwork is submitted, the process can be approved quickly, and you will meet with the lender to close the deal.

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.

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