Hayward-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

Hayward-California

If you find yourself in need of a loan for the purpose of buying real estate and you’ve run into problems, there’s a solution. Hard money loans provide real estate investors an alternative when a traditional mortgage loan doesn’t work out. This is not an uncommon situation – it happens all of the time. In fact, it’s possible to have all of your ducks in a row, good credit and all, yet still not qualify for a bank loan. Hard money loans are asset-based and short-term. Keep reading to learn more about this loan product.

About Hard Money Loans

Traditional mortgage loans primarily assess your credit scores and income to gauge your ability to repay the loan. Hard money loans are different because the key factor is the value of your property as collateral. Hard money lenders are investment firms and individual investors. They use a different approach to lending that involves assessing applications on a case-by-case basis. Hard money lenders are far more lenient and are often willing to forgive poor credit, bankruptcies and foreclosures. They assess the individual’s situation instead of just following a strict list of requirements.

There are a variety of different hard money loan types, such as the fix-and-flip loan, bridge loan, construction loan and owner-occupied loan. The owner-occupied loan is far less common because hard money lenders shy away from the regulatory nightmare that owner-occupied consumer loans can create. Providing these loans can result in compliance requirements that would not exist otherwise. If you’re interested in this type of loan, there’s hope because about 10 percent of hard money lenders still offer them in some states.

A fix-and-flip loan is for the purpose of buying, fixing up and reselling a property, at which point you’ll pay off the loan. New construction loans enable real estate developers to start a new project and either refinance or sell the property right away. Bridge loans enable you to buy a new property before you get the cash down payment from selling a property that you already own. A bridge loan also allows you to buy a property fast, then refinance or resell it.

How Hard Money Loans Work

There are several reasons why a real estate investor would be interested in a hard money loan. For starters, the application process is streamlined and couldn’t be easier. Additionally, the turnaround time can be less than a week. Depending on the lender, there’s a chance that you could apply for a loan on Monday and receive funding by Friday, if not sooner. There’s also the unfortunate issue of not qualifying for a traditional mortgage because the decision was based on stringent requirements that leave little room for considering special circumstances.

Typically, borrowers must put cash down on a hard money loan and the amount required is based on the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. Instead of monthly principal and interest payments, there’s a chance that you will only have to make interest payments. There are even some loans that don’t require any payments until the loan maturity date. Just keep in mind that every lender is different and has their own criteria. When the loan matures, a balloon payment settles the balance and includes the principal, all remaining interest and any fees that have been added to the loan.

Is a Hard Money Loan a Good Alternative?

Everyone’s situation is different, which means determining whether a hard money loan is right for you requires an assessment of your needs. People often choose hard money loans because they are unable to find a less expense product, have a poor credit score or need money fast. There’s often a strategic decision to move forward with a hard money loan despite the realization that hard money loans have high interest rates, short terms and a lot of fees. Why? Because access to money can be the difference between success or failure as a real estate investor.

Hard Money Loans

Need funding for your next project?

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