Cannabis Hard Money Loans

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

1

High LTV

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

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

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

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

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

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

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

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

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

Cannabis Hard Money Loans

Pro’s and Con’s of Hard Money Loans
Hard money loans are one of the many ways to secure money. With this loan method, mortgage lenders are not needed. With hard money loans, investors or individuals lend the money while your home is used as collateral. Hard money loans are the best bet if you need quick cash and cannot secure a loan from another source.
While most loans require some type of proof that they can be repaid, this isn’t the case with hard money loans. Traditional lenders require a descent credit score, and sometimes they can still be painfully slow even when you’re approved.
Hard money loans are based on the secured collateral. In the case where you cannot pay back your loan, the lender will simply take your collateral and sell it. The loans have a quick approval rate, and terms can be from one to five years.
There are many pros and cons of hard money loans. Some of the pros:
Speed: Because the loans only need collateral, hard money loans are often closed a lot quicker than traditional loans. Because income verification and credit history isn’t necessary, the process tends to move a lot faster. In many cases, you could be approved within 24-48 hours due to the lack of paperwork needed for the process.
Flexibility: The agreements are more flexible because there is no standard underwriting process. Each deal is evaluated on an individual basis. Depending on the situation, certain terms can be tweaked to the benefit of the loan recipient. The ability to negotiate and renegotiate if needed makes it easier to fit your needs. Remember, with hard money loans, you aren’t dealing with strict lenders with stringent terms.
Approval: The most important part of the hard money loan process is having collateral. Above all, the lender cares about the value of your collateral. Your credit score is far less important. With hard money lending, loan to value ratio can be 50% to 70%. So your collateral has to be significant in order for the lender to have a good shot of recouping their money if the loan is defaulted.
Hard money loans make a great deal of sense if you own a business that flips and fixes houses. In this case, you can take out a short-term loan and once the property is sold within a year, the lender can be paid off.
These are the drawbacks of hard money loans:
High Interest: One of the biggest cons of hard money loans is the interest, which may be considerably higher than regular loans. In some cases, the interest can be double-digit. High interest is due to the focus being on the property rather than the lender. The high interest could also be overwhelming. It is imperative to calculate your finances in the long run to determine whether or not you will have the money to cover the loan.
Short Term Only: Hard money loans are generally available from six months to 5 years. The loans are private and they are generally used only for building renovations or property flips. The loan borrower should also be aware that the lender may want the entire balance of the loan paid in full within the one to five year range. But if you have a piece of property you are trying to get ready to sell, the hard money loan will allow time for the property value to boost. This way, the loan can be paid back while earning a profit.
If you are in need of a hard money loan, consider the pros and cons. Remember, it’s only a temporary loan that should be used for specific needs.

Hard Money Loans

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