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

Hard Money Loans Virginia Beach

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The Virginia Beach real estate market changes quickly. It might be a buyer’s market one money and a seller’s the next. There’s no real rhyme or reason as to what makes the real estate market shift so much, but there are some factors that might affect the market more than others. Consumer confidence is a big factor. When people feel comfortable that they can easily afford a mortgage, and they feel comfortable that they have job security, they are more likely to buy. Lower interest rates are a factor that plays into the confidence level of any consumer. When the Federal Reserve lowers rates, people are more likely to buy.

There’s not a specific reason the Virginia Beach housing market changes the way it does, but these tools are helping when it pertains to the fix and flip market. If you want to invest in real estate in Virginia Beach to fix up and flip for a profit, you must become familiar with the market. When it’s time to buy and flip, you must also be able to act quickly before the market has time to change again. This is why a hard money loan might be a helpful financial tool to have in your back pocket.

What’s A Hard Money Loan?

This is a loan that’s typically given to investors who want to buy a property that’s listed anywhere from 50 to 70 percent of the market value to flip. Hard money lenders are not your typical banks and credit unions. They are individuals looking to make their money make money, and they are other investors looking to make money off of your investment.

What makes a hard money loan work for you is the speed with which you can secure the funds necessary to purchase a property. The single biggest factor for fix and flip success is sped. If you cannot fix and flip a property quickly and efficiently, you lose money. A hard money loan lender counts on that effort. They give you money in a matter of days, but you are required to repay that loan inside of two years.

You do have the power to choose the timeframe in which you have to repay, but two years is the typical maximum. Six months to two years is the most common time frame. The other incentive to get you to pay back your hard money loan quickly is the expensive interest rate. These rates are much higher than traditional mortgage rates, and they can compound daily. You want to pay this loan off the moment you have the money to risk losing more of your profit.

What Makes This Expensive Form of Lending Worthwhile?

The fact that you are not required to wait for months to get your money is the biggest benefit of a hard money loan. The market changes quickly, and you might not have six weeks or more to wait on a traditional mortgage to fund. You could have the property fixed up and ready to sell in that timeframe. A hard money loan is issued within days of submitting your application.

Traditional mortgage requirements are also too strict for some buyers. Perhaps you have an imperfect credit history or you don’t have as much verifiable income as someone else. You might not even qualify for a traditional mortgage, or your lender might spend months trying to work your financial situation into a situation that works for them. A hard money lender just wants to know that the property you want to use as collateral is valuable enough that they can take it from you and get their money back and then some if you default on your repayment.

A hard money loan might not be for everyone, but it will work wonders if you’re looking to fix and flip the perfect property. From single family homes to commercial properties, the only stipulation is that you cannot reside in the property you’re working on. Hard money lenders are lenient, and they are willing to work with you on the specifics to make your loan work. That’s a valuable asset in the Virginia Beach real estate market.

A mortgage is probably one of the most popular means through which one can own a home. However, the different forms of mortgage can sometimes be overwhelming, especially if you are trying to find the most suitable option. On the other hand, some people may not qualify for the standard mortgage. In such a case, hard money loans become the most plausible option. In case you are faced with some outside-the-box mortgage challenges, hard money loans come in handy. However, you will need to determine if these loans are right for your situation. Well, here is all you need to know about hard money loans.

Getting to know about hard money loans
A hard money loan is basically a form of loan structured for the real estate. Unlike the conventional mortgages that are made based on your ability to repay, hard money loans are dependent on your collateral. Having said this, there are various types of hard money loans available.

These include:

Bridge Loan – This type of loan enables you to buy property quickly with the aim of refinancing or reselling it when prices are preferable. On the other hand, one is allowed to buy new property even as you work on getting enough finances for a down payment courtesy of a currently owned property.

Owner-Occupied Loan – These are loans specifically structured to allow consumers who would, otherwise, not qualify for other types of loans to purchase a property.

Fix-and-Flip Loan – This is a loan structure that allows one to purchase a rehab property with the intent of fixing it up as soon as possible so it can be resold to pay off the loan.

Construction loan – This type of loan is meant to allow a real estate developer get started quickly on a new construction project with the aim of reselling it as fast as possible.

How do hard money loans work?
Understandably, hard money loans may not be available to everyone. Most lenders would first want to determine that the loan will be used for investment purposes. As such, you may not be able to access these loans if you are looking to fund your personal private home.
Hard money loans are normally offered for a short period of time. In most cases, this would be about 12 months. Unlike the conventional forms of loans where you would make equal payments each month for the sake of principal and interest, hard money loans allow you to make interest-only payments.

Hard money loans have become popular among real estate investors thanks to its 3 basic advantages:

Quick financing: Financing usually takes less than a week to go through

Hassle free application: Considering the short financing period, you do not need a lot of paperwork to be approved

Short loan term lengths – In order to accommodate the quick turnaround times the loan term is usually less than or equal to one year.

While traditional bank loans are offered by reputable financial institutions, hard money loans are given by organizations or even private individuals. As much as hard money loans have, hitherto, been meant for real estate investors, you can still apply for private use. However, this will require lenders to abide by Dodd-Frank regulations that mandate them to verify the ability of the borrower to repay the loan. This basically means that the borrower’s income and expenses are critically analyzed to ensure that the ratio of debt-to-income is not too high.

So, if you are looking to find a mortgage alternative that will offer you quick money, lenient requirements, flexible terms, and increased investment opportunities, then hard loans come in handy to sort you out.


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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