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

Bakersfield Private Money Lenders

Bakersfield Private Money Loans

Delancey Street is a premier, and top rated, Bakersfield private money lender. We help you get funding for your next real estate transaction. Regardless of the size of the transaction, we can provide loans for residential and commercial transactions.

Reasons Why A Traditional Loan Might Not Work Out

There are plenty of reasons why a traditional loan might not be approved for your next Bakersfield investment property. Some of these reasons are as follows:
Your Finances Are Out Of Order – Mayne you don’t have the strongest balance sheet. Traditional lenders will look through your personal financial information if you come to them for a loan. This might be a reason why they deny your loan.
They Don’t Like The Property You Are Investing In – Some credit unions and banks will refuse to fund your property because of the type of property it is. Most traditional lenders will not fund real estate investment properties after the crash of 2008.
You Don’t Meet Their Qualifications – Banks have a lot of regulations when it comes to who they lend to and for what purposes. These regulations are often so complex and difficult to understand. Most banks will never lend to someone who is over-leveraged, and owes money on properties.

Bakersfield Private Money Leaders Can Help

Everyone wins when you borrow from a private lender. You get the cash you need to purchase the property that you have always wanted. At the same time, the private lender gets the interest on the loan that they desire.
Private money lenders care about one thing: getting their loan repaid. Most private money lenders will evaluate your project to see how/why it’ll succeed. They will ask you for a business plan, and ask you what you intend on doing. For example, if you are looking for a private money loan to do a “fix and flip,” be prepared to answers questions like: how many fix and flips have you done, how much money do you need, what are you going to use the money for, when do you plan on selling the property, how long will it take to sell the property and how much will it sell for.

How to guarantee you’ll get the private money loan you need
Guarantee is a taboo word, since there are no guarantees in business, but here are some ways to make sure you’ll get funding. It’s a good idea to get your ducks in a row before you approach a private money lender. Most lenders get numerous requests for funding each day, so it’s important you don’t waste anyones time.
1. Know what property you’re going to buy, before you approach a Bakersfield private money lender. Know the property, it’s purchase price, and what you’re going to do with it.
2. Have your financial in order, and have a budget created. Know how much money you plan on investing, how much money you’ll need to pay for fees/costs after you take ownership of the property. It’s important you know what you will do after you take ownership of the property. It’s important that know when you’ll sell it, how much you’ll sell it for, etc. If you don’t plan on selling the property, you should know how you’ll get funding to repay the private money loan you took.

What’s next
If you’re sure you need a private money loan, fill out our application. Contact us for a risk free evaluation of your project. We use artificial intelligence to help evaluate potential deals. Once we get your application we’ll discuss your project, get more information, and then offer terms for your next real estate transaction.

Bakersfield is a fantastic place to invest in real estate. The market continues to boom, and there are many businesses and individuals constantly moving into the region. Because of that, you might find quite a few deals that you are ready to get in on. The problem is having ready access to the quick financing that you need to close a deal and make some money. Conventional mortgages do not work for every investor in every situation. You might get discouraged by that, but this is precisely why you will want to look at the possibility of hard money loans, such as those offered by Delancey Street.

A Preview of the Types of Hard Money Loans Available in Bakersfield

There are actually many different types of hard money loans available to real estate investors in the Bakersfield area. The one that works for you best will depend on your situation and what you are looking to accomplish. Delancey Street can go over the various options for you, but here are a few of the more typical ones explained in brief fashion.

Consider A Construction Loan

This is the type of loan you will want to consider if you are a developer who has found a piece of property at a good value that you want to develop quickly. To close the deal, you need a hard money loan to get sale accomplished. You will then work to sell the project as quickly as possible, or refinance in order to pay off the short term loan.

Consider A Bridge Loan

Here you have a loan that is designed to float you the money you need to close a deal, while another sale is going through that will provide you with the cash that you need to pay it off. It is designed to help you get a deal accomplished, with the understanding that you will have the necessary proceeds from another property to meet your obligations in no more than a year.

Consider An Owner Occupied Loan

It is not always easy to get a hard money loan for a property that you actually intend to live in, but it is possible. You will want to keep in mind that this is a short term loan, so it does not function as a conventional mortgage. You will need to have a plan in place to still pay off the loan with a year or two.

Consider A Fix and Flip Loan

There are many properties around Bakersfield that are in need of a bit of tender loving care. As such, these can also be purchased at a steep discount, fixed up, and then sold at a pretty hefty profit. If you are an investor interested in this type of deal, a hard money loan can provide you with the cash you need to close on a deal quickly before someone else does. You will be able to pay it off once you fix the property up and sell it.

Keep This in Mind

Hard money loans are only designed for a short time. You will find that the approval process is different than a conventional mortgage in that the collateral of the property you are purchasing is weighed more heavily than your actual ability to make payments on the loan. In fact, monthly payments are often not even expected. You will simply need to pay the loan off in full within a few years, with some due as quickly as in 12 months.

If you are ready to consider the possibility of a hard money loan to fund your next real estate investment, contact Delancey Street 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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