Concord-California 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

Concord-California Hard Money Loans

If you’re in the market for a real estate loan, then you probably know that not everyone is eligible for the same type of loan. When it comes to conventional mortgages, some people are unable to qualify and end up needing an alternative. Hard money loans are for real estate purposes and often serve as a valuable tool for real estate investors. The information below sheds light on this type of loan.

About Hard Money Loans

Hard money loans are unlike traditional bank loans and hard money lenders make decisions to fund these loans using different criteria. For starters, while banks focus on your ability to repay the loan, hard money lenders are more concerned about your collateral. They make funding decisions on an individual basis without having to follow a template or checklist of requirements. There are different kinds of hard money loans, such as the bridge loan, fix-and-flip loan, owner-occupied loan and construction loan.

The bridge loan is a good option if you plan to purchase a property as soon as possible and then resell or refinance it. In addition, this loan type allows you to buy a property before you have the cash down payment from selling a property you already own. As the name implies, a fix-and-flip loan let’s you fix a rehab property in a short amount of time, sell it, and then pay the loan off. An owner-occupied loan is for consumers who are purchasing a home they plan to live in, but cannot qualify for traditional funding. Real estate developers use the construction loan to start a new construction project that they plan to refinance and sell immediately.

If you are looking for a consumer loan for a private property, you should know that many hard money lenders don’t provide this type of loan because they can be a regulatory nightmare. Owner-occupied consumer loans require compliance with Dodd-Frank, licensing requirements and other laws, which can complicate an otherwise simplified application process.

How Hard Money Loans Work

You might find it interesting to know that hard money loans are usually for a term of about 12 months, though it could be a couple of years. Generally, you will only be required to make monthly interest-only payments instead of equal principal and interest payments. In fact, there are some loans that don’t require you to many any payments at all. The application process for hard money loans is fast and often takes less than a week.

There’s a good chance that you will need cash for a hard money loan. The amount will depend on the After-Repair-Value (ARV) ratio or Loan-To-Value (LTV) ratio. When the term ends, you will pay the loan off in a balloon payment that includes the principal, remaining interest and fees.

How Hard Money Loans Are Different

When you get to the root of hard money loans, you’ll find that they are a lot different than bank loans. While there are some underwriting similarities, and both offer loans for the purchase of real estate, that’s about all they have in common. Hard money loans have a very short repayment period, the interest rates are high, they can sometimes have hidden fees, there is a lack of governmental oversight and refinancing can be difficult.

On the flip side, there are advantages that some people believe outweigh the disadvantages. For instance, you can get access to the money that you need quickly and the process is easy. Further, the requirements are lenient, so if you have a poor credit score, there’s still a chance that you will qualify. They also have flexible terms and lenders are more likely to offer a custom loan product. If you’re a real estate investor, you might find the advantages of a hard money loan compelling

Hard Money Loans

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