Hard Money Loans Virginia Beach

We empower entrepreneurs, real estate investors, and businesses of all sizes challenge the status quo. We take risks on the go-getters, and do’ers – who have an opportunity and need a partner.At Delancey Street, we invest in people and their ideas – not abstract concepts like credit scores, or other financial metrics. Tell us about your idea, let’s discuss your opportunity

1

High LTV

We fund hard money loans up to 80-90% LTV with no issues.

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

Raised
APR
ARV
1,200,000
11%
82%
100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Jason

Founding Partner (Cut and Stitch)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

Hard Money Loans Virginia Beach

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.

Hard Money Loans

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