Hard Money Loans White Plains

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

High LTV

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

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

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

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

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

- Leo kovacz

Industries We Service

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

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White Plains Hard Money Loans

Are you a real estate investor looking for a hard money loan? We can help. Delancey Street is a premier and reputable hard money lending company. We’re transforming how hard money is invested by using artificial intelligence to help us work faster and smarter.

The real estate business is a lucrative investment – but funding these projects at times is harder than it sounds. As a result, real estate investors opt for loans. One of the most common loans given to real estate investors is hard money loans. But can a real estate investor with bad credit enjoy the benefits of hard money loans? Yes, he or she can. Real estate investors can use hard money loans to get funding within a couple of days to purchase property. The best part is that the approval of hard money loans only takes 3 to 12 days.

In essence, a hard money loan is a short-term loan which is secured by real property. It’s given by private investors or a group of investors, which means traditional lending guidelines don’t really apply. Hard money loans have shorter repayment periods compared to loans from traditional lenders. Most of them have repayment periods of 1 to 3 years, but there are those that extend up to 5 years. The borrower of hard money has a lot of flexibility when it comes how it’s repaid. For example, you can make monthly payments, or you can choose to make one balloon payment at the end of the term of the loan. It really is flexible.

Real estate investors need to know that the hard money loan they get is based solely on the value of the property being used as collateral. Unlike traditional loans, lenders don’t care about your credit score. However, they require you to show proof you can complete the project, and eventually repay the full loan amount plus the interest. The primary concern of hard money lenders is to get their money back. As such, they require borrowers to have enough equity in the property being used as collateral. It is typical for hard money lenders to give you a loan of up to 60-70% of the value of the property.

When can’t you use a White Plains hard money loan

Before going for this type of loan, you have to keep in mind that hard money lenders will not lend you money to buy your primary residence. This is because such a move goes against the Dodd-Frank regulation, which stipulates that lenders have to first verify a borrower’s ability to repay the full loan amount. Verification entails analyzing the borrower’s income versus his or her expenses to ensure that his or her debt income ratio is low.

What are Hard Money Loans Used For?

Hard money loans are not suitable for every kind of real estate deal. As mentioned before, if an individual is buying a primary residence, it’s not possible to get a hard money loan.

Hard money loans are good for the following:
• Construction loans
• Land loans
• When a buyer has credit issues
Fix and flip properties
• When the investor needs to buy a real estate property in the shortest time possible

Hard Money Loans Approved Even With Bad Credit

When you have poor credit and need some source of funding, a White Plains hard money lender might be your only remaining option to get financing. Here are a couple of tips that could see you score the loan.

1. Assure the lender that you are determined to make your project a success
If you need a hard money loan to fix and flip a property, you need to assure the lender that you will be able to sell the property at a profit. If the lender is confident in your business plan – your loan will be approved in no time.

2. Be able to explain your poor credit
Different people have different reasons for having poor credit. As much as hard money lenders aren’t concerned with bad credit, but they may need to understand the reason for having bad credit. Your chances of getting approved will be higher if you are able to explain the financial issues you’ve faced in the past.

What happens next

If you’ve made up your mind that a hard money loan is what you need, you can begin by filling out the initial loan detail page on our website. This gives our team the info we need to start calculating whether or not we can fund your project. If we determine we can, our team will reach out to you to learn more about your venture – and answer any potential questions you may have.

It’s Simple

  • 1 Tell us what you need
  • 2 We'll evaluate it
  • 3 We'll offer our terms

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  • Risk free to you, no strings
Get pre-qualified today