Fairfield-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

Fairfield-California Hard Money Loans

When seeking out a real estate loan, the usual process for most people is visiting a bank to apply for a mortgage. However, since this can be a time-consuming process and be prohibitive to those who have problems with bad credit or bankruptcy, other options such as hard money loans may make more sense. A different type of real estate loan, hard money loans offer such benefits as easy application and approval processes, large amounts of money in only a few days, and flexibility to be used for many types of investment projects. Yet despite these many perks, they also have many aspects that can lead to financial difficulties if investors do not use them wisely. To learn more about these loans, here are some important details to remember.

Short Payback Periods
If you seek out a hard money loan, be prepared to pay back the loan far quicker than a regular mortgage. Instead of having decades to pay off the loan, your lender will expect payment in full within no more than three years, and in most cases only 12 months. Because of this, you should always have a plan in place that will guarantee the property you purchase will be sold quickly enough to allow repayment of the loan. If this does not happen, you may face not only additional fees and higher interest rates if you apply for an extension, but also possible foreclosure on the property by the lender.

What About Collateral?
When applying for a hard money loan, the collateral used for the loan will be the property being purchased. Instead of examining the applicant’s financial history to determine their ability to repay, the lender will be more interested in the property’s loan-to-value or after-repair-value ratios, both of which will determine how much money they are willing to lend. As an example, if the property is valued at $100,000, the lender will probably lend $80,000 toward the project, meaning the investor will only need $20,000 of their own money to complete the purchase.

Private Individuals and Institutions
Instead of getting a hard money loan from a local bank, investors will instead be working with private institutions or individuals to secure these specialized loans. While the advantages of this include quicker approvals and greater flexibility in how the loans can be used, the downside is there are few if any regulations surrounding these loans. As a result, the lenders often charge very high interest rates, tack on a variety of fees, and can essentially create any loan terms they wish, so long as the applicant agrees to their terms.

Plan Ahead of Time
If you decide to pursue a hard money loan for an investment project, have a plan in place well ahead of time. For example, if you are planning to purchase fix-and-flip properties with the loan, make sure you are not stuck in a buyer’s market, where the properties may not sell as fast as anticipated. Since you may only have one year to pay off the loan, always be sure you are virtually certain your plans for the project will come to fruition in time to pay back the loan. Otherwise, foreclosure, refinancing, and higher interest rates and fees may be on the horizon.

Ask Plenty of Questions
When meeting with a hard money loan lender, don’t be shy about asking as many questions as possible to make sure you understand how the loan works. For example, always ask about the payback period, interest rates, how much experience they have in providing these loans, and if they have a valid real estate broker’s license, since this is a requirement for those offering these loans. By asking these and other questions, you can be sure your lender is reputable.

Hard Money Loans

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