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 Valley City-Utah

Most investors and individuals that are new to hard money loans find it difficult to believe that they can easily qualify for cash with a hard money loan. Though the benefits may seem too good to be true, hard money loans are often the best way to finance real estate investments and property purchases.

Hard Money Loan FAQ’s

Need to learn more about the inner workings of hard money loans? With the pros and cons of hard money loans and other financing options, you need to make sure that your financing choices will help you in the long run. The following questions and answers will help you better understand how hard loans can help you:

Do hard money lenders need to see my repayment plan?

While hard money lenders in West Valley City, Utah won’t necessarily consider the state of your finances or credit when approving you for a loan, they will want to make sure you have been planing out how you will pay them back. Due to the fact that hard money loans are given to investors based on their collateral rather than any ability to repay, giving someone with no repayment plan a loan is quite a big risk.

Whether or not the lender asks about your plan to repay them, you should already have some idea of how you will handle the final payment. Most people that haven’t used hard money loans before don’t realize that they are expected to pay the loan back in one balloon payment. If you don’t want to be caught off guard by such expenses, you should research your options for repaying loans as well.

What is required to make the final balloon payment?

For other financing options, investors may use their steady stream of income or rental fees to pay back the loan. This sort of plan won’t be feasible in paying off the balloon payment for a hard money loan. Even if you tap into this to accumulate cash to repay the lender, you will need a solid plan for repaying the loan, fees, and interest all at once.

Most investors pay off their balloon payment by selling their property. If you aren’t able to find a buyer by the time the loan is due, you will need to ask the lender to extend the loan or you’ll need to refinance it through other means. If you fail to do any of the above, you will likely find that the lender will foreclose on your property.

Be sure to speak with your lender about the repayment process before you accept the loan. They can likely advise you on what you should prepare for. If the loan is due and you find that you can’t pay it back, you should speak to the lender immediately to see if there is some other solution.

Can the hard money loan be used to fund the remodeling costs for the property?

If you intend to fix-and-flip or completely overhaul the property for any other reason, you can certainly use the loan to do so.

Lenders will ask you to provide them with the ARV (after-repair value) so that they can give you an adequate loan that will cover the cost of the repairs. Some other lenders may separate the costs of the repair and the property. The latter lenders will allow you to withdraw the repair money after submitting paperwork detailing the estimates. You’ll be able to access this money through a construction draw.

If hard money loans are the difference between you making your next property purchase, the answer seems obvious. Speak to a lender today if you think that a hard money loan is the right option for your next investments.

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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