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

Utah Hard Money Loans

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If you invest in real estate in Provo, Utah, a new opportunity for funding is available. Our company has introduced hard money loans for those who rehabilitate and sell properties for a profit. Bridge loans and many other types of hard money loans are also available to those who would like to purchase a property in a hurry with no money down. Even if you’ve had credit or other issues in the past that prevented you from obtaining financing, we can most likely help. Our dedicated loan professionals have helped many investors in Provo to reach their fullest potential and increase their bottom line.

What is a Hard Money Loan and How Does it Help My Current Situation?

A hard money loan is intended to provide fast funding for those who need to take advantage of a great deal on a property. Typical clients include investors that “fix and flip” properties for a profit and those who want to purchase lots and land to improve upon in the future. The loans are approved and funded typically within a few days.

Another major benefit to hard money loans is the underwriting process itself. These loans focus on the quality of the collateral and the potential profits it could produce. Traditional lenders tend to focus on the borrower’s ability to repay the obligation rather than the collateral. Since hard money loans are typically a year or less in length, the property is the primary concern from our standpoint.

The interest rates tend to be a little higher than a traditional loan; however, this is offset by not having to pay a monthly insurance premium as you would with low down payment conventional loans. We’re also able to make exceptions for certain conditions due to the unconventional terms of the loan. Borrowers are also able to make minimum monthly payments with interest only, adjustable rate, and balloon payment mortgages. This is beneficial since the property is only being held until sold to the new homeowner. Reducing overhead is typically a concern with many of our investors.

How Do Hard Money Loans Differ from Traditional Lending Guidelines?

Hard money loans aren’t government funded or backed, so there’s much more freedom in making exceptions and modifications. With government loans, strict criteria must be adhered to. Conventional mortgages are also designed for those who intend to reside in or own their property for an extended period. Hard money loans aren’t designed for principal residences just as conventional loans aren’t designed for investment properties.

What’s Required to Apply for a Hard Money Loan in Provo, Utah?

The minimum requirement is a property that’s been inspected and has a high potential for profitability. Our company appreciates estimates and any other information that can help us envision the success of your project. Recent appraisal information, home inspection reports, tax bills, and title searches are also helpful. We must be able to justify the loan request with an updated appraisal and information that would support the after-repair value to be a realistic estimate. Business and personal financial records are also helpful to give us an overall picture of the scenario.

How Do I Apply for a Hard Money Loan in Provo, Utah?

To apply, simply visit our online loan application. You’ll be asked for some information about your request. After our loan professional looks over the information, they’ll get in touch with you to go over the entire process. From there, you’ll submit your application and any other documentation that’s been requested to approve the loan. You’ll soon be scheduled for settlement and will have the funds to make your project a reality. See why so many investors in Provo choose us as their real estate finance company. Get in touch with us and we’ll be happy to get you started on your next project, today!

Utah real estate is profitable if you can find the right home to buy. In the current market, there are many homes for sale for far less than the worth of the house. This is common when you have foreclosures because banks want to sell homes fast enough to recoup as much of their loss as possible. It’s also not uncommon to find older homes in need of some work for sale for a lot less than other homes in the same neighborhood. If you’re familiar with the real estate market in Utah, you might be able to find homes that are listed well below the sales price of other homes in the area.

If you can figure out what needs to be done to that home to modernize it and make it more appealing to buyers, you might have a chance to flip that house and make a tidy profit. This might help you start a new business and change your future. However, you should ask yourself what you’re doing about financing. Some people might apply for a traditional mortgage with which to buy an investment home and flip it. However, there are some instances in which this type of funding is not available to you.

When Traditional Lending Doesn’t Work
Utah buyers sometimes don’t get the funding they need to buy a home. If you are one of them, you might not know what else to do. A traditional mortgage requires that you have a great credit score. Lenders are less likely to work with you if you just had a short sale or a foreclosure on your credit report. They also won’t work with you if they don’t feel that you have the income to support this purchase. Finally, you might simply be denied a loan for various reasons. One of the most common reasons is that you already own the home in which you live, and the lender does not feel you can support two mortgages.

Hard Money Loans Might Be An Option
A hard money loan is not a traditional loan. You get a hard money loan from an investor who wants to use their money to help you make money because that allows them to make even more money. This is a loan that is not going to undergo any underwriting process. Your credit score is not all that important to a hard money lender. In fact, most hard money lenders are not even concerned if you have a foreclosure or a short sale on your credit report.

A hard money lender might not care if you have another home in which you live, and they aren’t so worried about your income and ability to repay the loan they are issuing. They require you use collateral to secure your loan, and the value of that collateral is what gets you approved for a hard money loan. If you find a fixer-upper that’s for sale far below market value, you might be able to get a hard money loan that will change your future.
It’s more expensive than a traditional loan in that you will pay a much higher rate. You’re also not paying this loan off for the next 15 to 30 years. You get to pay this loan off in a year or two. Sometimes, you might be required to pay your loan off even faster than that. What makes this loan worthwhile is the speed with which you have money in your pocket to make a purchase. On average, it takes no more than a week or two to fund a hard money loan. Some lenders are even willing to fund your loan faster depending on the home you want to buy.

When you can buy a home that’s listed for next to nothing with a cash offer, you can begin fixing it up and flip it right away. This makes it more likely that you will get your money back because comps won’t have much time to change. Since you need the current comps to back up your asking price, it’s important you get to work quickly. Houses don’t fix themselves up in Utah, and your profit suffers every additional day you take to finish this project.


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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