Cambridge-Massachusetts 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

Cambridge-Massachusetts Hard Money Loans

Often, when people think of a real estate loan, they think of the typical 15-year or 30-year home mortgage.  However, there are many circumstances in the real estate market where a standard mortgage is not feasible.  If a buyer needs money as soon as possible in order to make a real estate purchase, a hard money loan could be the answer.

Hard money loans are a lesser-known category of real estate loans. Instead of analyzing a borrower’s ability to pay, the lender of a hard money loan reviews the value of the loan collateral, which is the property, itself.  There are several types of hard money loans in the market today.

1. Fix-and-flip loan.  This loan is intended for someone who wants to buy a property, rehab it, and then put it back on the market for a quick sale.  The loan is then paid off.

2. Bridge loan.  This style of loan allows someone to quickly buy a property and then resell it.  The loan could also be used as a down payment on a new property while the borrower waits for the sale of a current property.

3. Construction loan.  If a real estate developer wants to begin a new construction project with the aim of quickly refinancing or selling it, a construction loan will provide the financing to do so.

4. Owner-occupied loan.  These loans are used by borrowers that may not qualify for other financing, but intend to live in the property they purchase as their primary residence.

A distinguishing characteristic of hard money loans is that they are short-term real estate loans, usually with a maximum of three years.  During the life of the loan, the borrower may only be required to pay the interest amount.  At the end of the loan term a balloon payment is made, which covers the entire principal of the loan.

Despite the fact that hard money loans and traditional bank loans are both used to finance real estate purchases, they have significant differences.  One main difference is that hard money loans are provided by private individuals or organizations, and not by typical banks.  The extremely short repayment period of hard money loans comes with high interest rates, compared to traditional bank loans.  However, while bank loans have a lengthy application process, hard money loans have an easier application and approval process.  Furthermore, hard money lenders are concerned with the value of the real estate collateral, whereas conventional banks focus on credit scores and income.

When considering a hard money loan, a borrower should review both the positive and negative aspects of this type of loan. On the one hand, a hard money loan offers the benefits of quick access to funds, more lenient requirements than traditional loans, and customized terms. On the other hand, hard money loans do have relatively high interest rates and can have high fees. Another point to consider is that hard money loans have little government oversight, so borrowers must do their research and take caution when choosing lenders.

Once a borrower decides to secure lending through a hard money loan, there should be a variety of options available because of the non-traditional and varying nature of the lenders. The best way to find a hard money lender is to ask real estate investors in the local area. The reputation and quality level of lenders will be known in the real estate community. After narrowing down the list of lenders, the borrower should still do further research on the processes and reliability of the lending individual or company. Because hard money lending is not tightly regulated, it is important to put in the time and effort to find the best lenders.

Hard Money Loans

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