Bridgeport-Connecticut 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

Bridgeport-Connecticut Hard Money Loans

When real estate investors pursue a traditional mortgage loan and the process falls apart, they often look to hard money loans for a solution. It’s not uncommon for people with solid credit and a great income to have issues with a traditional mortgage lender – it’s just a fact of life. Hard money loans are an alternative that many real estate investors have come to rely on when they need money fast and don’t want the hassle of a traditional mortgage loan. Keep reading to learn more about hard money loans.

About Hard Money Loans

Hard money loans are real estate loans that are based on the value of your collateral, which is your property. Hard money lenders are investors who actually assess each individual application on its own merit, unlike traditional mortgage companies that tend to focus mostly on your credit scores and income as a way to determine if you can and will repay the loan. The methods used are distinctly different.

There are various kinds of hard money loans, such as fix-and-flip loans that are for the purpose of buying a property that you will fix up, then sell immediately, at which point you’ll repay the loan. Construction loans are for the real estate developer that wants to start a new construction project and intends to either sell it right away or refinance. Bridge loans let you buy a property fast and either refinance or resell it. You can also use a bridge loan to buy a new property before getting money from selling a property that you presently own.

Unlike the other types of hard money loans mentioned, the owner-occupied loan is a consumer loan that’s not as common as the others because hard money lenders want to avoid the many complex regulations associated with consumer loans. But, there’s still a small percentage of hard money lenders who provide owner-occupied consumer loans.

How Hard Money Loans Work

When most people think about mortgage lending, they assume the process will be lengthy, because that’s usually the case. This is not so with hard money lending. In fact, the application process is quite streamlined and can take less than a week, which is very appealing to real estate investors. Typically, you will need a cash down payment for a hard money loan that’s based on the Loan-To-Value (LTV) or After-Repair-Value (ARV) ratio. However, it depends on the hard money lender since they tend to have drastically different requirements.

The payment of hard money loans is also different than traditional loans. Instead of making regular principal and interest payments each month, you might only be required to make interest payments. In fact, there’s a chance that you won’t have to make any payments at all until the loan matures and the balloon payment is due. The balloon payment consists of the principal, all remaining interest and any fees. Just keep in mind that each lender has different criteria.

Is a Hard Money Loan Right for You?

When trying to decide if a hard money loan is right for you, the first question should be whether there is a cheaper solution because hard money loans have high interest rates. In addition, they have very short terms, sometimes there are a lot of fees and there might be an early-payment penalty. However, if you are unable to obtain a traditional mortgage loan, then a hard money loan might be a good option. After all, it can provide you with fast money, the requirements are often relaxed and the terms are flexible.

From an strategic standpoint, many investors view hard money loans as a way to access money to obtain a great real estate investment that would otherwise be lost. It can literally mean the difference between success and failure as a real estate investor.

Hard Money Loans

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