Boulder-Colorado 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

Boulder-Colorado Hard Money Loans

Understanding Hard Money Loans – Boulder-Colorado
If you’re looking for a way to borrow money for the purchase of real estate, but can’t qualify for a traditional mortgage loan, you have options. You’re also not alone since even people with good credit and solid financial footing have problems with mortgage lending. Hard money loans are an alternative solution and the information below offers insights into this mortgage loan product.

About Hard Money Loans

While traditional mortgage lending focuses on your ability to repay the loan, a hard money loan is different in that the primary consideration is the value of your property, which is used for collateral. Hard money lenders are individual investors and firms that assess applications on a case-by-case basis, which means they consider funding for different purposes – even when there are issues like bad credit, foreclosures or bankruptcies.

Some of the different types of hard money loans include the bridge loan, fix-and-flip loan, owner-occupied loan and construction loan. The owner-occupied loan is less common because hard money lenders want to avoid the regulatory nightmare that they tend to create, which results in compliance requirements that would not otherwise exist. However, there is still a small percentage of hard money lenders that offer owner-occupied consumer loans.

Bridge loans let you buy a property before you get the cash down payment from the sale of a property that you currently own. This type of loan also enables you to buy a property fast, then refinance or resell it.
The fix-and-flip loan is used to rehab a property that you plan to resell, then pay off the loan. There are also new construction loans where the real estate developer will either refinance or sell the property as soon as possible.

A Closer Look at Hard Money Loans

Why would a hard money loan appeal to a real estate investor? That question makes sense given the nature of these loans. There are several good reasons. For starters, the application process is easy and the turnaround time can be less than a week, which means financing is fast. There’s also the aforementioned issue of not qualifying for other types of loans and needing a lender that will base their decision on your individual situation as opposed to rigid requirements.

Generally speaking, you will have to put money down, and the amount is based on the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. Once funded, instead of monthly principal and interest payments, there’s a possibility that you will only be required to make interest payments. Some loans don’t even require monthly payments, you simply pay the loan off when the term ends in the form of a balloon payment. This final payment that’s used to settle the balance will include the principal, all interest and any fees.

Is a Hard Money Loan Right for You?

Trying to figure out whether a hard money loan is right for you will require an assessment of your situation. For the most part, people who choose hard money loans are unable to find a better mortgage lending product, have a low credit score or need money right away. They move forward realizing that hard money loans have high interest rates, a lack of government oversight, short terms and possibility a lot of fees. There’s also the potential of problems with refinancing because of traditional mortgage lending requirements.

Part of the decision-making process involves acknowledging the advantages, including the lenient requirements, flexible terms and fast access to money – sometimes in less than a week. Although there are pros and cons, perhaps it’s just a matter of having an investment strategy and needing a tool to help you reach your goals. While a hard money loan won’t work in a buyer’s market, it can work in many other situations.

Hard Money Loans

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