Chat with us, powered by LiveChat Hard Money Loans Atlantic City

Hard Money Loans Atlantic City

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 Atlantic City

How is a hard money lender different from a traditional lender
The critical difference between traditional lenders and  hard money lenders is the fact hard money lenders are asset centric lenders. They look at on the collateral associated with the by the potential borrower. In contrast, traditional banks hone in on credit and how much cash the borrower has. It is very important to remember hard money loans are not good for the long run. The purpose of a hard money loan is to be a short term loan that gets you the commercial property you’re attempting to purchase. Hard money lenders focus on 6-24 month termloans that reap a great ROI. If you fail to pay the lender back, then the hard money lender can repossess your property in order to settle his/her loan.
why is a hard money loan a bad idea?
There’s plenty of reasons reasons why a hard money loan is a bad idea. For instance, hard money lenders often charge higher interest rates. This is because of the fact hard money lenders think they’re taking substantial risks by lending on an investment property – and wish to be reimbursed accordingly. High interest rates make hard money loans unaffordable for some types of deals. Moreover, hard money lenders have much shorter terms than traditional lenders – that also makes them unattractive. Traditional lender offer 30 year periods but private money lenders offer only 1-3 year terms.
Hard money lenders can help finance your next loan
Hard money lenders assist a very specific group of individuals, i.e. property investors. Hard money lending is a type of short term financing, which is secured by property. Specifically, the men and women who use hard money loans are generally property investors – typically, people who are being denied a traditional loan as a result of stringent guidelines.
Hard money lenders exist because they are fast, and provide loans with little to no headaches. Hard money lenders have a fast application system. They anticipate collateral and do not look at your credit rating. They concentrate on your expertise, rather than your credit worthiness. In case you have a bad financial past, it’ll be easier to obtain financing by using a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are situations where hard money lenders fill a void that conventional lenders don’t touch:
Atlantic City Hard money loans can be used for fix and flip property investors
Most traditional lenders will not offer you a loan for a fix and flip job. If the house is in poor condition, or there’s some other abnormality with the home, then a conventional lender won’t give you funding. In addition, most reverse and fix potential deals”go fast.” The seller is extremely motivated to sell the property, and will accept the first deal. Traditional lenders take forever, so by the time the loan is approved – you’ve already lost the property since someone paid cash for it. For those who have a hard money lender on your side who can close a loan in 5-10 days, you can get the fix and flip property.
Loans from private money lenders are great for people with bad credit
Most traditional lenders look at a potential borrowers credit report. They verify your income and explore past delinquencies. It means that someone with a checked credit score will have a challenging time, and in some cases never get approved. If this happens to you, your only choice is to use with a hard lender. While the rates of interest for a private loan are higher than traditional loans – if the deal makes sense, it may make sense to take the money.
Hard Money Loans can be used for Residential Real Estate Investment Properties
Hard money can potentially be used for various kinds of properties, which range from commercial properties to residential properties. Typically property investors who contact us are searching for a private money for single family home. Many do a fix and flip, or they are buying the property to expand their real estate empire and lease it out. Real estate investors that want to fix and flip normally find a property in terrible shape, purchase it below market value, rehab the property, and then resell it so as to create a profit. Most fix and flip properties are done in 6-9 months. Real estate investors who purchase rental properties with a long term plan, typically buy it and maintain it. Regardless of your purpose – we can give you funding. We finance all types of residential property investment properties. Many investors come to us because they want to create numerous sources of passive wealth. Some real estate investors use a hard money loan to purchase the investment property and then use a conventional loan to repay the hard money loan. Regardless of what your purpose is, we may provide you financing for your loan.

Hard Money Loans

Need funding for your next project?

Complete Our Application
Call Now