Centennial-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

Centennial-Colorado Hard Money Loans

Hard money loans are the financing solution that most real estate investors use as their go-to for every property purchase. Though hard money loans are a valid option in some situations, many people that are new to the application process aren’t sure how or even if they qualify for a loan.

How to Qualify for Hard Money Loans

While many in the industry see hard money loans as quick financing solutions, this is only the case if one meets the requirements for approval. If you’re interested in applying for a hard money loan, you’ll need to consider the basic qualifications.

Meeting the Borrower Requirements

Borrower requirements for hard money loans are quite different than requirements for other financing alternatives. Most hard money lenders in Centennial, Colorado are private individuals and institutions that aren’t regulated in the same manner that a bank might be. To that end, there is more variability with what a lender is looking for in a borrower.

If you’re looking for a hard money loan, lenders will likely be aiming to see what type of collateral you’ll be using. Investors that have recently purchased a property can use this as collateral. If you are going to do a fix-and-flip, it is important for you to appraise the property for its after-repair value. Most hard money lenders will ask for a full appraisal for your property.

Reviewing Your Finances

Other lenders may want to review your finances, so keep that in mind. While most hard money lenders won’t consider your financial standing when deciding whether or not to lend to you, others might.

Even if you have collateral, some lenders will require you to provide a down payment of some sort. This down payment might be a certain percentage of the property value based on its ARV. In this scenario, you would need to prepare to make a larger initial payment as the current value will be lower than the ARV.

Though these are just a few standards most hard money lenders might look for, every lender is different. The best way to determine if you meet a lender’s requirements is to visit their site or ask them yourself.

Assessing the Interest Rates

Hard money loans are notorious for their incredibly high interest rates. With sky-high rates that rival those of credit cards, hard money loans are certainly not cheap. Most lenders will charge anywhere between 5.4% APR to 15% APR, and sometimes even more.

Though these interest rates are ever-climbing, they are only charged for the period of the loan. As most hard money loans are short-term, most investors find the loans to be valuable, even with the interest rates.

If you took a loan out for $1000,000 with an APR of 15% for a year, you should anticipate a monthly interest of $1,250 for 11 months. At the end of the loan, you’d make one payment of $101,250. While this is certainly not chump change, it is oftentimes the best case scenario for many investors.

In addition to the interest rates, investors can expect to pay a fair amount of fees. Most lenders will tack on additional fees to the loan, including an origination fee, a prepayment fee, an underwriting fee, and other expenses. While some lenders are upfront about these fees, others will try to sneak them in.

Finding Reputable Lenders

Just as a lender wants to make sure you meet their requirements, you need to ensure they do the same for you. Start your search for a reputable lender by contacting local investors. Those that are in the know will help you find experienced and trustworthy lenders. Similarly, do a search online to see if any blogs have directories with names of local hard money lenders.

Though the cash can come quickly with hard money loans, it pays to take your time when choosing what works for you. Keep all of the above information in mind as you prepare to take on your next real estate venture.

Hard Money Loans

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