We help real estate investors get hard money/private money loans for their next project. Money and finances should never be the obstacle that stops you from succeeding. We regularly help 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 – and how we can help you capitalize on it. For years, our team members have been helping people capitalize on opportunities using hard money loans, private loans, reverse mergers, other financial vehicles.
We fund loans up to 80-90% LTV. We look at the value of your property, and your overall business plan when deciding whether to fund you.
We realize deals can disappear if you don't have fast funding. We promise to treat you like a partner, and work fast to help you get funding.
We're a growth focused private money lender. That means we work fast to fund your deal, and there's no limits on what we can do for you.
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.
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.
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire.
An Anaheim private money lender can help you make your real estate dreams become a reality. If you’re looking to invest in a property and you need the capital do to so, a private money lender might be the best solution for your problem. A private money loan is not a traditional loan from a financial institution. It’s a loan offered to you by private lenders rather than corporate lenders. This means the entire process is more streamlined, faster, and often more efficient for investors. Many people are confused regarding the details of a private money loan, which is also referred to as a hard money loan, but it’s important you learn the truth about this type of private lending.
What is a private money loan?
It’s a loan offered by a private lender. It’s typically a group of investors looking to make their money make money. They’re willing to allow those who want to invest in real estate to use their money to make a real estate purchase by borrowing money and paying it back with a high interest rate. The truth about a private money loan is that it comes with a much higher interest rate than a traditional mortgage or loan. However, it’s offset by being a much shorter-term loan. Most private money loans last approximately 12 months while a few might go as long as five years.
Why should I consider a private money lender?
There are many reasons you might choose to work with a private money lender. The most common reason, however, is time. You are investing in real estate and you might not have much time to wait for a traditional loan. The market changes regularly. This means you’re looking at purchasing a piece of property to flip, and you must work fast to get the profit you’re looking for. Comps are good for approximately 30 to 45 days in many areas, and you want that timeframe to correspond with the amount of time it takes you to purchase the property and list it for sale.
A lender such as a bank or credit union cannot get that money to you fast enough. If you’re a real estate investor, it’s not uncommon you simply don’t have that kind of time to wait around to see if the loan goes through. You need the money right away, and a private money lender can get that money to you right away. They’re not required by law to go through the entire underwriting process like a traditional loan, so you can have the money in your pocket almost immediately.
The other reason you might choose a hard money lender is that you don’t qualify for a traditional mortgage. Did you have a foreclosure or a short sale on your credit report? If so, you might not find a lender willing to work with you right now. You can’t buy a home for your family without a loan, and a private money lender can help you buy the home of your dreams even if you don’t have perfect credit.
Finding a Private Money Lender
Anaheim private money lenders are willing to work with you to buy a property no one else will help you buy. Even if it needs a lot of work, private money lenders are willing to work with you if the investment is a good one. They look at the capital you have to make the purchase rather than the credit history or other traditional means other lenders consider. You can have the property of your dreams as soon as possible with a loan like this if you plan on flipping it quickly and selling it for a profit.
If you’re unable to secure a traditional mortgage or you cannot wait the amount of time it takes to fund a traditional loan, it’s time to take a look at a private money lender in Anaheim. With the help of a private money lender, finding a property to purchase right now is easier than ever. It’s worth it if you want to make a profit on your investment.
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