Escondido-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

Escondido-California Hard Money Loans

If everyone purchasing real estate could be easily approved for a mortgage, the process would be perfect. Unfortunately, many people have past issues with bankruptcies, poor credit, or other similar difficulties. For real estate investors with these problems, banks are not an option. Instead, many investors rely on hard money loans from private individuals and institutions, all of which must possess valid real estate licensing in their state to conduct business. While these loans have advantages and disadvantages associated with them, investors find them a useful tool on many occasions. If you are examining various ways in which to finance your next investment project, here are the most important points regarding hard money loans.

How Can I Use a Hard Money Loan?
As an investor, you can use a hard money loan for almost any type of project. Whether you are purchasing a piece of land on which you want to build, or perhaps purchase rehab properties for a fix-and-flip venture, the possibilities are almost endless due to the flexibility associated with these loans. And while most lenders of hard money loans choose not to provide funding for those individuals seeking to purchase owner-occupied properties, some lenders do choose to provide loans for these properties as well. But since doing so requires them to follow many more regulations and assess the applicant’s ability to repay the loan, it is generally viewed as not cost-effective for them to pursue these projects.

What is the Payback Period?
For a hard money loan, the payback period is much, much shorter than a mortgage. In most cases, the lender will only give the investor 12 months to pay off the loan, which puts enormous pressure on the investor to make sure their property sells within that period of time. Along with the short payback period, the hard money loan will also be sporting very high interest rates, often exceeding 15 percent or more, and many fees for underwriting and origination. And if you plan to pay off the loan early, you will be penalized for doing so. Therefore, while considering these loans, it is best to also explore other financing options that may have more favorable financial terms and conditions.

Collateral for a Hard Money Loan
When you apply for a hard money loan, the collateral used for the loan will be the property you are wishing to buy. Because of this, the value and condition of the property will play a big role in determining not only if you will be granted the loan, but also how much money you will get from the lender. To make this determination, the lender will examine the property’s loan-to-value ratio, or with fix-and-flip properties the after-repair-value ratio. If these are favorable to the lender, your loan will usually be approved. Therefore, if you will be buying a property for $100,000, the lender will probably give you as much as $90,000 to make the purchase, meaning you will only need $10,000 to complete the transaction.

Stay Away from Loan Sharks
Since there are few regulations surrounding hard money loans, it is the perfect feeding ground for loan sharks. Because they know some investors may be desperate for quick money, they make offers that may sound too good to be true. To be sure you are not dealing with a loan shark, use common sense on many fronts. For example, most loan sharks provide little if any paperwork, charge exorbitant interest rates, are not licensed, and may even use threats of physical violence if the loan is not paid back on time. Rather than put yourself in a potentially dangerous situation financially and physically, always ask other investors or real estate professionals to put you in touch with reputable hard money loan lenders.

Hard Money Loans

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