El Monte-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

El Monte-California Hard Money Loans

Purchasing real estate anywhere like in El Monte can be quite complex, especially when the homebuyer does not qualify for a conventional mortgage. This leads homebuyers to look elsewhere, and sometimes the solution is a hard money loan.

Still, this type of loan can be helpful to homebuyers who need the cash quickly, but it is a good idea to try to understand everything there is to know about this type of loan before deciding on it.

What is a Hard Money Loan?

In simple terms, hard money loans are an alternate real estate loan. This type of loan is based solely on the value of your collateral rather than speculation on what you might be able to pay in the future.

It should be pointed out that there are varying hard money loans that include the following:

  • Bridge loan: These loans are given to people who intend to make a quick resale or refinance
  • Fix-and-Flip: These loans are given to people who want to rehab a property and sell it to pay off the loan
  • Owner-Occupied: Given to people who intend to live in the property
  • Construction Loan: Given to real estate developers who can quickly rehabilitate the property to sell

You can see that hard money loans are usually reserved for people who are looking to buy an investment property in El Monte meant to be sold to pay off the debt. People looking to get a loan to purchase their own homes may not qualify.

The Perks of Hard Money Loans

Those looking to invest are going to love some of the perks that come with these types of loans, such as quick financing they often receive within a week, including short loan term lengths just to mention a few.

Keep in mind that the lender is going to require you to come with a little cash, usually based on a Loan-to-Value ration, so the amount is based on how much the property is worth.

Another little perk that investors are going to love are the lenient requirements. Most mortgages come with all sorts of requirements, like standard of income, debt ratios, and acceptable credit scores. Hard money loan lenders check on these things because that is the law, but they are not too interested in those numbers. A hard money lender really cares about the collateral to secure the loan.

The terms are pretty flexible since you will likely not be working with a bank but an individual lender who can customize the loan in your favor. This is not to say these loans do not come with a few pitfalls, like high interest rates or the lack of oversight because there are some bad lenders out there.

When is a Hard Money Loan the Wrong Choice?

Okay, you know that a hard money loan is for investors or people who have a bad credit score, but you should also be aware of when these types of loans are the wrong choice.

One thing that is not wise is to purchase a home with this type of loan when the market is slow. A loan like this can crumble a homebuyer if he or she is unable to turn a profit quickly to pay off the loan due to high interest rates.

You should also make sure you have a reputable lender before deciding on this type of loan. The best way to do this is to talk to a local real estate investor who can direct you to people who are willing to loan you the cash without stiffing you.

Still, it might be a good idea to have a few questions ready to ask your lender before making your choice. The following are just some questions:

  • Do you lend money for owner-occupied properties?
  • How do you want your payments? Interest only? or are you expecting one lump sum payment?
  • What is your interest rate?

Hopefully, some of this information helps you understand these types of loans as you get involved in property investing in El Monte.

Hard Money Loans

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