Fullerton-California

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

Fullerton-California

Fullerton, located in North Orange County, is one of the California cities with an outstanding quality of life. The mix of commercial, residential, cultural, industrial and educational opportunities makes Fullerton the place to call home or invest in property.

For some Fullerton residents, they may not be able to invest in property here or own a home. Poor credit scores, too much debt or low income may be the reason why credit unions and banks won’t lend to them. If you are in this group or an investor who needs money fast, a hard money loan may be your option.

A Hard Money Loan is a Type of Real Estate Loan

A conventional mortgage is one offered by banks with specific terms and 15, 20 or 30 years to repay. The conventional loan is given by credit unions and banks. A hard money is different. It is a private, short-term loan offered by investors and lending companies. Their specific terms may vary and two to five years to repay. Borrowers seeking hard money loans should know which type of loan they want such as:

• Owner-occupied loan for borrowers who can’t get a traditional mortgage and want to live in the property.
• Fix-and-flip loan for borrowers who plan to rehab their property, then quickly sell it to repay the loan.
• Construction loan for real estate borrowers who need to quickly get started on a new construction project with the goal of refinancing or selling the property quickly.
• Bridge loan for borrowers who want to quickly purchase a property with the goal of selling it or refinancing it. Their immediate goal for the property is to allow someone else to purchase a new property now, before getting the proceeds for a currently owned property.

Hard money lenders do consider the same requirements as banks such as credit scores, debts and income. However, the lenders do not make their decisions solely on those factors alone. They are more interested in basing their approval on the value of the property that’s put up for collateral.

Terms of a Hard Money Loan in Fullerton

Another difference between hard money loans and traditional mortgages is flexible terms. Hard money lenders will generally work with borrowers to create terms that work with their finances. This is known as a customized hard money loan. The loan does include an interest rate. The interest rate is typically higher than mortgage interest rates.

The number of payments for hard money loans varies. However, all hard money loan terms include a balloon payment. This payment is the last payment and includes the balance of the loan and any interest or fees on the loan. Some hard money lenders do not allow a borrower to pay the balloon payment early without paying an additional fee.

Down Payment Needed for a Hard Money Loan

One requirement to secure a hard money loan is a down payment. Hard money lenders require a borrower to have a 20 percent down payment to secure their loan. The down payment depends on the value of the property or the value after the repairs are completed. For example, a property valued at $200,000 will require a $40,000 down payment to secure the loan.

Obtain a Hard Money Loan for Your Fullerton Property

It’s time to let the banks and credit unions stop holding the financing. If you need money fast for an investment property or looking for a way to obtain financing for a home, contact us. As a hard money lender, we are ready to assist you in financing your investment with a hard money loan. Contact us today.

Hard Money Loans

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