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

Waterbury-Connecticut

Understanding Hard Money Loans
If you’re a real estate investor, you understand the difficulties sometimes associated with mortgage lending. It’s not always possible to get approved, even when you think your credit and income is up to par. Hard money loans are often the solution to this problem because they are an asset-based loan. In fact, some real estate investors have come to appreciate the ease and speed of hard money loans. Let’s take a closer look.

About Hard Money Loans

Whether you need a bridge loan, a fix-and-flip loan or a construction loan, there’s probably a hard money lender that can accommodate your needs. Hard money lenders are private companies and individuals who approve loans on an individual basis using criteria that’s less rigid. While traditional mortgage lenders look at credit and income as they determine your ability to repay the loan, hard money lenders are mainly focused on the value of your collateral.

If you want to buy a property now and either resell or refinance it, you can get a bridge loan. You can also use a bridge loan if you want to buy a property and get the cash down payment by selling a property that you already own. Fix-and-flip loans are for buying, fixing and reselling a property, then paying off the loan. A construction loan is for real estate developers to start a new construction project, then refinance or sell it quickly.

There is another loan option that’s far less common; the owner-occupied loan. This loan is for individuals who are unable to secure a traditional mortgage for a property where they intend to live. While there are some hard money lenders who provide loans for owner-occupied consumer loans, many do not because they can be a regulatory nightmare.

How Hard Money Loans Work

A benefit of hard money loans is that the application process is fast and loans can often be funded in less than a week. Borrowers will typically need to provide a cash down payment that’s based on the property’s Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. The term for hard money loans is 12 months to several years. You don’t want a lengthy term because of the high interest rates.

Depending on the loan type, you may only need to make monthly interest payments instead of monthly principal and interest payments. Every lender has different criteria. There are some loans that don’t require any payments until the maturity date, at which point you will make a balloon payment. This includes paying the principal, all of the remaining interest and any fees.

Is a Hard Money Loan Right for You?

Hard money loans have a short term, high interest rates and a lot of fees. Additionally, there is little government oversight, so you have to be careful about the lender that you select. When the loan matures, there could be a problem with refinancing because of the “seasoning” period of traditional mortgage lenders.

There are a few questions that you should ask yourself when considering a hard money loan. For starters, is there a less expensive loan option? If so, then your problem is solved. You also want to know if you are in a buyer’s market because this can make selling your property difficult.

Many real estate investors decide that the quick money, relaxed requirements and flexible terms are advantageous enough to move forward with a hard money loan. Sometimes it’s just a matter of using a hard money loan as a tool when an investment opportunity arises. Every situation is different, and by weighing the pros and cons, you can decide what’s best for you from a strategic standpoint.

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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