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

West Covina-California

If you invest in real estate in West Covina, you’re in luck. Our company is now providing hard money loans to complete more projects, faster. Hard money loans are a great solution for those who “fix and flip” properties or buy and resell them for a profit. Our company provides temporary financing at an affordable price to make this possible. Even if you’ve been turned down by traditional lenders such as banks and finance companies, we’ll most likely have a perfect match for you.

How do Hard Money Loans in West Covina, California Work?

Hard money loans provide temporary financing for investors seeking to buy, rehabilitate, and sell properties. A bridge loan is designed for those who need money fast but don’t have the money for a down payment. A rehabilitation loan provides investors with the money they need to purchase and make the necessary improvements to the home. Since these loans are collateral based, the borrower receives far less scrutiny when going through the approval process. Since many real estate investors get into complex transactions, this is a huge advantage for many. With our loans, you’ll never have to pass up a great opportunity again.

The mechanics of a hard money loan are much different than traditional mortgage financing. These loans are typically government backed, require insurance, a sizable down payment, and a thorough review of the borrower’s finances. For many real estate investors, time is of the essence and this is simply not a practical means of financing.

Hard money loans typically have higher interest rates than traditional mortgage loans and much shorter terms. Since the length of the loan is typically one to five years, a solid plan should be in place to rehabilitate the property and sell it quickly. Interest only, balloon payment, and other unconventional loan types are often utilized with this type of financing. For these reasons alone, hard money loans are unsuitable for an owner-occupied residence. While the cost of a hard money loan may be higher, the necessity of convenience far outweighs the small price that’s charged for many investors.

What Documentation is Required for a Hard Money Loan?

Since hard money loans are based on the home’s value before and after the improvements are made, the appraisal is the key document in this transaction. The appraisal must be recent and provide comparable homes that have recently sold in the area. A home inspection helps both the borrower and lender understand the extent of rehabilitation that the home will need. This is also important for avoiding costly repairs that may not be evident at first glance.

Credit, income, assets, and collateral play a part in any loan decision. While these items are considered, they’re given far less weight than they would be given with a traditional mortgage loan. Business financial and legal documents should be available for review, as well as, reasonable explanations for any questionable items that might surface. After the documentation is submitted, the loan is approved and scheduled for funding.

How Do I Apply for a Hard Money Loan in West Covina, California?

Applying for a hard money loan in West Covina is easy. Our company provides you with a fast application that can be completed in a few minutes. If you prefer, you can also apply over the phone with one of our loan representatives. After the information is reviewed, we’ll contact you with a pre-approval. Simply submit the documentation that’s requested in a timely manner and your loan will be funded as quickly as possible. At settlement, you’ll be able to ask any final questions and you’ll receive the funds to get your project started. Give us a call to see how we can help you with your real estate investments, today!

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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Delancey Street understands funding like no one else!
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