Gresham-Oregon

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

Gresham-Oregon

Obtaining a loan to purchase property isn’t always easy. Quite frankly, sometimes rigid lending requirements make it difficult for some people to quality. When money is needed right away to purchase real estate, there are other options.

Hard money loans offer financing that’s asset-based and for a much shorter duration than bank mortgage products. While it would be good if it there wasn’t a need for an alternative solution, life isn’t always that easy. Below you’ll find information that offers insights into hard money loans.

About Hard Money Loans

Hard money loans are made primarily based on the value of your collateral instead of other factors, such as your ability to repay the loan. Hard money lenders are typically private firms and individuals who have the autonomy to assess the merits of your loan application as opposed to simply following a list of strict requirements. Essentially, there’s a greater chance of getting approved because lenders can offer a custom loan product that fits your needs.

There are different kinds of hard money loans. Some of the common types include are the construction loan, bridge loan, fix-and-flip loan and owner-occupied loan. However, owner-occupied loans are the least common because they can create a regulatory nightmare for lenders, such as a requirement to comply with Dodd-Frank and obtain specific licensing. Nevertheless, there are still some hard money lenders who offer owner-occupied consumer loans.

Construction loans are provided to real estate developers for new construction projects when they intend to refinance or sell right away. Bridge loans let you buy a property fast, then refinance or sell it. You can also buy a new property prior to getting the cash for a down payment from the sale of a property that you presently own. The aptly named fix-and-flip loan is for fixer-uppers that you plan to sell, then pay the loan off.

A Closer Look at Hard Money Loans

There are aspects of hard money loans that appeal to real estate investors, such as the fast financing that can sometimes take less than a week. The application process tends to be streamlined and free of the usually hassles. Hard money lenders will often require you to put cash down that’s based on your property’s Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

As far as the actually term of the loan, it’s often 12 months, but can be a couple of years. Every hard money lender is different. Instead of making principal and interest payments, you will often be required to make interest only payments. There are even some instances when no payments are required until the end of the loan when you make the balloon payment. The balloon payment will be comprised of the principal, any remaining interest and all fees.

Is a Hard Money Loan Right for You?

Hard money loans have few similarities with traditional bank loans. Whether a hard money loan is a good choice for you depends on your situation. The first consideration is whether you are able to get another type of loan. If not, then you’ll have to weigh the pros and cons of a hard money loan.

If you’re looking for reasons not to get a hard money loan, there are plenty. The interest rates are high, the terms are short, sometimes there are hidden fees, and there is little government oversight. It can also be difficult to refinance this type of loan because of traditional mortgage lending requirements.

On the flip side, if you are looking for reasons to get a hard money loan, there are several. You will have access to quick money, the terms are flexible and the requirements are lenient. If you are in need of money and you have don’t have another options, then a hard money loan might be a tool that you can use.

Hard Money Loans

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