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Hard Money Loans Connecticut

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 Connecticut

Have you ever stopped to consider how house flippers fund their projects? Some people assume that flippers have deep pockets and pay for the sales price of the home and all renovations out of their own personal funds. While this is true in some cases, many flippers use hard money loans to fund their activities. While this is a common use of hard money loans that can yield tremendous profits for investors, there are also other profitable uses that you can consider. After learning more about hard money loans, you may be ready to expand your investment activities so that you can take advantage of this type of financing.
Learning About Hard Money Loan Requirements
hard money loan is a short-term real estate loan, but it is not your typical real estate loan. The traditional real estate loan from a bank that is used for both residential and commercial properties has a 15 to 30-year term. It is fully-amortized, so there is not a balloon payment. The interest rate and loan fees are usually very competitive. This is a loan that must conform to a bank’s very specific underwriting requirements. These requirements may include a minimum credit score requirement and a maximum debt-to-income threshold for the applicant. If the loan is on an investment property, the lender requirement may also include a minimum level of cash flow. The unfortunate reality is that many loan requests do not meet all of a bank’s lengthy list of requirements. Each hard money lender reviews loan requests differently, but you will typically find that hard money lenders do not analyze current cash flow of an investment property, and they also are not concerned with an applicant’s financial qualifications. Typically, the primary focal point is the property’s value.
Analyzing Hard Money Loan Terms
As you can see, a hard money loan generally has much more lenient requirements, and this means that hard money lenders are able to provide financing for many scenarios that banks simply cannot touch. However, this flexibility with regards to underwriting generates entirely different loan terms than what you may expect from a bank’s real estate loan. For example, you may be hard-pressed to find a hard money loan with loan-to-value higher than 70 percent. Hard money loans also typically have a high interest rate with an interest-only payment. The loan term may vary substantially from six months to two years depending on the loan scenario and the lender. With this structure, a balloon payment is required within a short period of time.
Deciding How to Use Hard Money Loans
As you can see, hard money loan terms make this an undesirable financing option for a typical real estate transaction. The short-term structure of the loan with a large balloon payment required within a few months to a couple of years after closing makes this financing ideal for real estate projects where the property is repositioned in some way. This may include leasing up a property that is vacant or that has low occupancy. It may include stabilizing net income for a few months or longer so that the property will comply with bank lending guidelines. A property that requires renovation work may also be a great fit for a hard money loan. Another common loan scenario that hard money loans are used with is a quick closing situation. This may be when a seller is pressuring you to close the loan or lose the deal or in other similar situations.
A hard money loan is an excellent financing solution that you can use for house flipping projects as well as many other loan requests that do not work well with bank lending requirements. If you are looking at a real estate project that requires a more creative approach to financing than what a bank offers, using hard money may be an excellent strategy to pursue.

Hard Money Loans

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