Corona-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

Corona-California Hard Money Loans

As you learn more about hard money loans, it’s important to ask the right questions when speaking with a lender. While there are certain aspects of hard money loans that are universal to these types of loans, every lender will have their own stipulations regarding their approval and repayment processes.

Questions You Need to Ask Hard Money Lenders

Be sure to learn the answers to the following questions:

  • Are there only certain types of properties I can use this loan to purchase?

    Most hard money lenders in Corona, California give loans for any type of property. However, With the average hard money lender, borrowers are only allowed to purchase a property for investment purposes. Individuals that plan to purchase a home to live in may be able to use a hard money loan, but most lenders only deal with investors.

  • Should I find my property before applying for the loan?

    While the application process for a hard money loan is fairly simple, it is important for investors to find a property prior to applying. This reason for this is that lenders need to know the value of the property that the investor is buying before they can approve an adequate loan.

    It is important to also note that if you don’t have a property in mind, there are hard money lenders that give loans out based on property you own already if it is used as collateral.

  • How are borrowers expected to repay the loan?

    Can payments be made during the term? Are there penalties for early payments? Is the full balance expected when the loan is due? Are there any hidden expenses that will be added on along with the final balloon payment?

    Questions regarding how the loan should be repaid is one of the first things you should ask a lender. This will allow you to work out a plan for repayment so you don’t end up in a difficult situation once the loan is due.

    Most hard money lenders expect the loan to be repaid in a balloon payment. This final payment is often paid with the cash from the sale of the property, but investors can also refinance the loan or extend it. If investors aren’t able to come up with a solution for repaying the loan, the lender will foreclose on the property.

  • What interest rates can I expect?

    Every lender will have different interest rates, but investors can always expect hard money loans to have higher-than-normal interest rates. Some lenders tend to hide their interest rates, so investors must always ask about them.

    While it is illegal to charge interest rates above your state’s usury limits, most of these loans have higher interest rates because of the risk involved with hard money loans. As borrowers aren’t vetted for their ability to repay the loan, the lenders are assuming the risk when they loan money based on an investor’s collateral.

    Even with higher interest rates, hard money loans are still valuable to real estate investors. These short-term loans only collect interest during the loan term, which is typically one year or less.

  • Are there additional fees?

    As with the interest rates, investors need to question lenders about the other fees that may or may not be involved. Oftentimes, hard money lenders will charge construction draw fees, origination fees, underwriting fees, and early-payment penalties.

    Combine these with the interest and the final amount of the loan and you’ll likely be unprepared for the amount you have to repay when the time comes. Avoid this situation by asking your lender outright about all expenses.

The right lender will be able to show you how a hard money loan can help you advance in your real estate investing. If you’re ready to take advantage of new opportunities with fast financing, contact a lender today.

Hard Money Loans

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