Grand Rapids-Michigan

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

Grand Rapids-Michigan

There are many options that people can consider when getting a mortgage, but unfortunately, there are some people that cannot get approved for a regular mortgage loan. Luckily, there are other options that they can consider. For instance, a hard money loan is a loan based on the collateral put towards the loan rather than the ability to repay the loan.

Hard money loans can be applied for by individuals, but they are usually a tool utilized for real estate investors that plan on selling the property quickly. It is important to know the terms of a hard money loan before agreeing to it. Therefore, here are a few things you should consider before getting a hard money loan.

1. What are the benefits and pitfalls of a hard money loan?

Just like everything else, there are both good and bad things about getting a hard money loan. Therefore, it is imperative to know what you are getting into before finalizing the paperwork. A few of the benefits that hard money loans provide are flexible terms, lenient requirements, and increased investment opportunities.

Unlike with large banks, lenders that provide hard money loans are individual firms or people, and this allows them to work with their clients and create custom loan options that will fit their individual situations. Plus, the requirements that most lenders require for other loans like debt, standard income, and credit scores are not a priority, because the lenders look more at what you can provide for collateral.

However, when dealing with hard money loans, you will have to also deal with things like higher fees, higher interest rates, and refinancing red tape. A lot of lenders that deal with hard money loans tend to have different fees like construction draw fees, origination fees, and even early-payment penalties that their clients are subjected too. Plus, unlike a regular mortgage loan, a hard money loan usually has a higher interest rate, because they are considered a higher-risk loan for the lender.

2. When should you consider a hard money loan and when should you not?

Hard money loans can open just as many doors as they can close. Before deciding on a hard money loan, it is imperative that you understand what you are getting into. Most hard money loans are used by real estate investors who plan on re-selling the property they are buying fast. However, there are a few instances when you should consider getting a hard money loan.

For instance, if you have a hard poor credit score, you might be denied all other types of financing, which will make a hard money loan your only option. If you are a real estate investor, time is money, and the market is constantly changing. Therefore, if you have to wait for weeks or month for other loans to come through, a hard money loan might be a good option, because it provides you with the money that you need fast, which might open other investment opportunities.

Before getting a hard money loan, it is important to know the market you are in. If you are in a buyer’s market then a hard money loan could be a horrible idea. If it comes due before you are able to sell the property, you could find yourself in a lot of trouble. If you are planning to get a hard money loan, you need to make sure you have a good refinancing plan in place, because there are a lot of requirements that some lenders require before letting you refinance a property. Overall, hard money loans have a lot of positives, but they can also be expensive and dangerous if you are not prepared. So, if you are new to real estate investment, a hard money loan should be your last resort, unless you have done your research and know what you are getting into.

Hard Money Loans

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