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

Virginia Beach Fix and Flip Lenders

What differentiates Trenton hard money lenders from normal lenders?
The most important difference between banks and  hard money lenders is the fact hard money lenders are asset based lenders. They entirely revolve their decision based on on the collateral associated with the funding request. But, traditional banks focus on the borrowers credit and how much money the real estate investor has. It is super important to remember hard money loans are not good for the long term. The purpose of a hard money loan is to be a short term loan that gets you the commercial property you’re attempting to acquisition. Hard money lenders focus on 6-24 month termloans that reap high profits. If you are unable to repay the hard money loan, then the hard money lender can foreclose on your property in order to repay his/her loan.
why is a hard money loan a bad idea?
There’s plenty of reasons reasons why a hard money loan is a terrible idea. For instance, hard money lenders ask for higher rates of interest. This is due to the fact hard money companies think they are taking substantial risks by lending on an investment property – and wish to be reimbursed accordingly. High interest rates make hard money loans economically toxic for some types of deals. In addition, hard money lenders have shorter terms than traditional lenders – that also makes them unattractive. Institutional lender provide 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 serve a very specific group of individuals, i.e. property investors. Hard money lending is a type of bridge term lending, which is secured by property. Specifically, the people who use hard money loans are generally real estate investors – typically, those who are being denied a traditional 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 fast application system. They expect collateral and do not look at your credit rating. They concentrate on your experience, rather than your credit score. If you have a checkered financial history, it will be easier to obtain financing with a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are scenarios where hard money lenders fill a void that traditional lenders don’t touch:
Trenton Hard money loans can be used for fix and flip property investors
Most traditional lenders won’t give you a loan for a fix and flip project. If the home is in poor condition, or there’s some other abnormality with the house, then a conventional lender won’t give you funding. Additionally, most fix and flip potential deals”go fast.” The seller is very motivated to sell the property, and will accept the first deal. Traditional lenders take forever, so by the time the loan is approved – you have already lost the property because someone paid cash for it. For those who have a hard money lender on your side who can close a loan in 5-10 days, you can find the fix and flip property.
Hard money loans are bridge loans
Sometimes, your project goes over-budget and because of this you require additional funds. Some conventional lenders will refuse, because the job isn’t completed. While this can be catastrophic, a hard money lender may be willing to lend you the money. Hard money lenders are delighted to provide money to bridge the gap in funding, and can work with you to fill that void.
Hard Money Loans Can Be Used For Commercial Real Estate Investments
Many real estate investors who need a commercial property can get hard money loans from a commercial hard money lender. At Delancey Street, we fund commercial properties all over the USA, with rates as low as 7%, with terms ranging from 6-24 months. We offer great customer 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 minimum credit score requirement, and we have minimal paperwork. We offer commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and much more. We’ve assisted with a wide array of commercial real estate investors secure hard money for a variety of commercial properties. We work with real estate agents and hard money brokers that are looking to help their clients receive a personal money loan. We have financed countless commercial loans and will work with all kinds of borrowers. Underwriting a commercial hard money loan requires a whole lot of effort and takes an expert 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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