Hard Money Loans Virginia

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.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
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

What distinguishes Virginia hard money lenders from normal lenders?
The main difference between traditional lenders 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 by the person requesting the funds. But, traditional lenders hone in on your credit and liquidity. It is critical to remember hard money loans are not great for the long run. The purpose of a hard money loan is to be a bridge loan that gets you the real estate you are attempting to acquisition. Hard money lenders focus on 6-24 month termloans that generate a great ROI. If you are unable to repay the loan you took, a hard money lender can take possession of 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 example, hard money lenders often charge higher interest rates. This is because of the fact hard money lenders think they are taking huge risks by lending on an investment property – and want to be reimbursed at a higher rate than what a bank would charge. High interest rates make hard money loans economically toxic for some types of deals. Moreover, hard money lenders have much shorter terms than conventional lenders – that also makes them unattractive. Institutional lender offer 30 year periods but hard money lenders offer only 1-3 year loan terms.
Hard money lenders can finance your deals fast
Hard money lenders assist a very specific group of people, 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 property investors – typically, those who are being denied a conventional loan due to 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 don’t look at your credit rating. They focus on your experience, as opposed to your credit score. In case you have a bad financial history, it’ll be much easier to obtain financing with a hard money loan rather than a conventional loan which is granted based on your credit report. Below are situations where hard money lenders fill a void that traditional lenders don’t touch:
Virginia Hard money loans can be used for repair and flip property investors
Most traditional lenders will not offer you a loan to get a fix and flip job. If the house is in poor condition, or there’s some other abnormality with the home, then a traditional lender won’t give you funding. In addition, most reverse and fix prospective deals”go fast.” The seller is extremely motivated to sell the property, and will accept the first offer. Traditional lenders take forever, so by the time the loan is approved – you have already lost the property because someone paid money for it. If you have a hard money lender on your side who will close a loan in 5-10 days, you can get the fix and flip property.
Hard money loans are ideal for people who don’t have great credit
Most traditional lenders look at a potential borrowers credit score. They look at your income and explore past delinquencies. It means that somebody with a credit score will have a challenging time, and in some instances never get approved. When this occurs, your only option is to work with a hard money lender. While the interest rates for a hard money loan are higher than conventional loans – if you can still make money, it may make sense to take the money.
Hard Money Loans Can Be Used For Commercial Real Estate Investments
Many real estate investors who want a commercial real estate can get hard money loans from a commercial hard money lender. At Delancey Street, we lend on commercial properties throughout the USA, with rates as low as 7 percent, with terms ranging from 6-24 months. We provide amazing 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 minimum paperwork. We provide commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and much more. We have assisted with a wide array of commercial real estate investors secure funding for many different commercial properties. We work with real estate brokers and hard money brokers who are trying to help their clients receive a personal money loan. We’ve financed countless commercial loans and will work with all types of borrowers. Underwriting a commercial hard money loan requires a whole lot of effort and requires a motivated team.
We Provide West Virginia Fix and Flip Loans
Real estate investments can be some of the most lucrative of all investments. If you invest in the right property, and have a good lender behind you, you can truly get things done in this industry. Fix and flip loans make it possible for anyone, even those with bad credit, to benefit from real estate investments. A traditional fix and flip loan is a hard money loan that helps someone, regardless of credit history or income, buy a bargain house, fix it up, and sell it back for a profit. Unlike traditional real estate purchases where someone buys a house so that they can live in it, a fix and flip buy is done solely for the purpose of making a profit when you put the house back out on the market.
The application process is incredibly simple and informs us about your project and objectives. No matter what your plan is, there’s a great chance that we can help you get a fix and flip loan that will feature competitive interest rates and great customer service/guidance along the way. That’s because we know a LOT about these loans.
No Credit Check Hard Money Loans
There aren’t many loans in the world that you can get even if you have bad credit and limited income. Most lenders want to know that you already have the money to repay them, regardless of how your enterprise goes along the way. With hard money loans, things are different. You’re not going to be approved because your credit rating is great or because you have a huge income. In fact, you may have very little income but still need a large sum of money to purchase the house you have your eye on for a fix and flip. With hard money lenders, we use your property – in this case your investment property – to approve you for the loan. . We love partnering with people who have great fix and flip ideas and who trust us to be with them every step of the way. It’s why we’ve been successful in our own business.
Since you don’t have to have a great credit rating or minimum income, it’s easy to get you set up and approved for this loan IF you have a business plan in place. It’s our job to ensure that your plan is solid, and we will certainly talk with you at length about just why your fix and flip is going to work. We strongly believe in the power of people to achieve their dreams, and we’d love to help you achieve yours.
Why You Should Call Today
As we always mention, Delancey Street is a firm that believes in the go-getters. We love people who love to “do” and take action. Call us today to get started on your fix and flip loan application. We’ll take the time to answer all of your questions, listen to your concerns and comments, and let you know just why we’re the right lender for your specific fix and flip job.

Hard Money Loans

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