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Hard Money Loans Cambridge

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 Cambridge

What differentiates Cambridge hard money lenders from traditional lenders?
The main difference between banks and  hard money lenders is the fact hard money lenders are asset centric lenders. They look at on the asset associated with the hard money loan. In contrast, traditional lenders hone in on the borrowers credit and liquidity. It is very important to remember hard money loans aren’t great for the long term. The purpose of a hard money loan is to be a bridge loan that which helps you get the investment property you are trying to buy. Hard money lenders focus on short term loans that reap a significant ROI. If you are unable to repay the loan you took, then the company you borrowed from can take possession of your property in order to repay his/her loan.
What are some negative of hard money
There are many reasons reasons why a hard money loan is a terrible idea. For example, hard money lenders look for higher interest rates. This is due to the fact hard money companies think they are taking substantial risks by lending on an investment property – and want to be compensated accordingly. High interest rates make hard money loans unattractive for some kinds of deals. Moreover, hard money lenders have shorter loan terms than conventional lenders – that also makes them unattractive. Traditional lender offer 30 year terms but hard money lenders offer only 1-3 year loan terms.
Hard money lenders can help finance your next deal
Hard money lenders assist a very specific group of individuals, i.e. property investors. Hard money lending is a form of short term financing, which is secured by real estate. Specifically, the people who use hard money loans are typically property investors – typically, people who are being denied a traditional loan due to stringent guidelines.
Hard money lenders exist since they’re fast, and offer loans with little to no headaches. Hard money lenders have a streamlined application system. They anticipate collateral and don’t look at your credit rating. They concentrate on your experience, rather than your credit worthiness. In case you have a checkered financial history, it’ll be easier to obtain financing with a hard money loan as opposed to a conventional loan which is granted based on your credit report. Below are scenarios where hard money lenders fill a void that conventional lenders don’t touch:
Cambridge Hard money loans can be used for fix and flip real estate investors
Most traditional lenders will not give you a loan for a fix and flip job. If the house is in bad condition, or there’s some other abnormality with the home, then a conventional lender won’t give you funding. In addition, most fix and flip potential deals”go fast.” The seller is extremely motivated to sell the property, and will accept the first offer. Traditional lenders take forever, so by the time the loan is approved – you’ve already lost the property because someone paid money for it. If you 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.
Hard money loans are good for people who have extremely terrible credit
Most run of the mill lenders look at a potential borrowers credit score. They look at your income and investigate past delinquencies. This means that somebody with a checked credit past will have a difficult time, and in some cases never get approved. When this happens to you, your only option is to use with a hard lender. While the interest rates for a hard money loan are higher than traditional loans – if the deal makes sense, it might make sense to take the money.
Hard Money Loans Can Be Used For Commercial Real Estate Investments
Many real estate investors who want a commercial property may get private money loans from a commercial hard money lender. At Delancey Street, we fund commercial properties throughout the USA, with rates as low as 7%, with terms ranging from 6-24 months. We provide amazing customer service to our clients, with no hidden fees, or bait and switch tactics. We do not charge prepayment penalties, and there are no income requirements. There are no credit score requirements, and we have minimal paperwork. We offer commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and much more. We have assisted with a wide array of commercial property investors secure funding for a variety of commercial properties. Delancey Street works with real estate agents and hard money brokers who are looking to help their clients receive a private money loan. We have financed countless commercial loans and will work with all kinds of borrowers. Underwriting a business hard money loan requires a lot of effort and requires an expert team.

Hard Money Loans

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