Hampton-Virginia

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

Hampton-Virginia

A hard money loan refers to a real estate loan type that is approved based on the collateral value as opposed your capacity to repay. There are various types of hard money loans. One such loan is a bridge loan that is meant to allow someone to purchase a property fast with the aim of refinancing or reselling it. Also, they can allow you to purchase a new property now before you obtain sufficient money for a deposit from the sale of a property you currently own.
Another type of hard money loans is a fix-and-flip loan that lets you purchase a rehab property before fixing it up fast in order to resell it and clear the loan. When it comes to an owner-occupied loan, you are allowed to buy a property for yourself if you fail to qualify for other financing types. With a construction loan, you can rapidly start a new building project, with the aim of reselling or refinancing it quickly.

How Hard Money Loans Work
Hard money loans are not available to all people. The majority of lenders will not offer hard loans for personal purposes. For instance, if you are hoping to get a hard money loan to buy a new home, it won’t work out. If a lender offers a hard money loan to a consumer for noninvestment purposes, they could face regulatory problems.
The repayment period for these loans is usually short, usually below few years and even one year. As opposed to making periodical repayments toward the loan, the majority of the hard money loans will only need you to repay interest only, or possibly zero payments. The principal is paid as a lump sum at the end of the period. Hard money loans have numerous advantages that are appealing to real estate investors. These include quick financing, straightforward application process, and short repayment period.

Benefits of Hard Money Loans
As opposed to taking weeks or months filling out forms and calling people to get a loan, you can apply for a hard money loan and get financed within a week or less. Second, hard money loans have lenient requirements. Normal mortgages need a particular standard of credit scores, debt, and income. Hard money loans also look for these requirements. However, the principal requirement is collateral, and if you have a property, you will get the loan.
Third, hard money loans have flexible terms. Since you are dealing with private firms and individuals as opposed to banks, there is a higher likelihood that lenders will make custom loans that suit your needs. Fourth, there is an increase in investment opportunities when it comes to hard money loans. Gaining access to a lot of money in a short period means that you will not miss urgent investment opportunities.

Drawbacks of Hard Money Loans
First, these type of loans have high interest rates. Hard money loan interest rates usually float toward double digits. Second, hard money loans do not have oversight. In comparison to traditional consumer mortgages, hard money loans face minimal government oversight, particularly when the loans are for business purposes. That is why it is critical to ensure you really need it before application.
Third, you will experience high fees with this type of loan. Many lenders charge various fees like origination fees, construction draw fees, early payment penalties, or underwriting fees. Fourth, the loan faces short terms. With this loan, you will be required to repay within a short period, usually as short as a year. You will have to sell the property prior to the due date, refinance into a traditional mortgage, or applying for an extension. Fifth, there is a lot of red tape when it comes to refinancing. Some lenders will need you to own the property for a certain period before you can be refinanced. This can be problematic if your hard money loan is due and you have not met this requirement.

Hard Money Loans

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