Hard Money Loans Anaheim

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

Hard Money Loans Anaheim

Anaheim hard money lenders

Anaheim Hard Money Lenders

When you think about applying for a traditional bank loan, you probably think about the hassle of having to provide an Anaheim lender with a huge stack of documentation. In fact, with some loans, it feels like you are constantly providing the lender with new information to fulfill a seemingly endless number of requests for more documentation. If you’ve never worked with an Anaheim hard money lender before – you’re in for some relief.
The good news is that the amount of documentation that is required for an Anaheim hard money loan is much less than with a traditional bank loan. It’s important to remember, however – that hard money loans are usually used for unique situations that don’t fall within the lending parameters of a traditional loan. With this in mind, you should expect an Anaheim hard money lender to require some basic documentation regarding your specific loan.
Applicant Documentation
Many hard money loans are used to purchase real estate. Because of this, applicants must make a down payment on the property. Depending on the property type and the overall loan scenario, it is common for a hard money loan to require as much as 35 to 40 percent of the sales price. Therefore, one of the requirements that many Anaheim hard money lenders have is that you provide bank statements that document your liquid assets. Some Anaheim hard money lenders also require you to document a cash reserve that will remain after the down payment and closing costs. Remember hard money loan fees and closing costs may be higher than with a traditional bank loan.
The lender will typically ask for some documentation regarding personal income. A credit report may also be reviewed. However, the credit score requirements for a hard money loan are relatively minimal in most cases. Some Anaheim hard money lenders do not have a minimum credit score requirement at all, and they look at the full picture of the loan scenario overall to determine loan approval status.
Property Documentation
Anaheim Hard money loans are short-term loans secured by real estate. They are available for both commercial and residential properties, but some hard money lenders only lend on one type of property. Because the loans are collateralized by real estate, documentation regarding the property is critical for many hard money loans.
Hard money loans are typically used to finance the repositioning of a property in some way. For example, the money may be used to develop land, to rehabilitate an existing property or even to improve operating income numbers in some way. These steps are usually taken with funding from a hard money loan so that the property can qualify for traditional bank financing within a few months or years. Another exit strategy is for the property to be sold after the repositioning process has been completed.
Therefore, property documentation related its current condition may be needed. If the hard money loan request is for a purchase, a sales contract and proof of earnest money may be required. In most cases, a title commitment is also required before the loan can close.
Scenario-Specific Documentation
Each Anaheim hard money loan request is unique, so the loan documentation will vary. If the property needs to be renovated, documentation related to its current condition and cost to complete the renovation may be required. Typically, a statement from a contractor may suffice for this. If part of the scenario involves selling the property after a renovation, an analysis of comparable properties that have recently been renovated should be provided.
If the scenario involves increasing occupancy at current rental rates after a renovation, market rental rate data should be provided. This may sound like a tremendous amount of information, but most investors have already done this research as part of the vetting process for their selection of an investment. After all, you need to ensure that you can reasonably turn a good profit from the project, and research is critical for this. Your own research may be provided to satisfy the Anaheim hard money lender’s requirements in many cases.
It may seem like the documentation required for an Anaheim hard money loan can be significant, but keep in mind that the documentation required is usually limited in comparison to a traditional bank loan. In addition, the overall loan process for a hard money loan may only take a few weeks or less. This is in comparison to several months that may be required for a traditional bank loan to be reviewed and funded. To determine what specific documents are required for your hard money loan request, reach out to your loan representative.
What an Anaheim hard money lender is looking for
Point blank, the main thing a hard money lender cares about is getting his/her investment back. It’s your responsibility to prove that. If you can prove that, then you can get your funding. Traditional lenders care about your credit score and other metrics like that which reflect your trustworthiness. In contrast, a hard money lender cares about the viability of your project and how likely it is you’re to succeed. If you can prove the merits of your project, you can get the funding you want.

Hard Money Loans

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