Hillsboro-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

Hillsboro-Oregon

How Do Hard Money Loans in Hillsboro, OR Work?

Entrepreneurs often look to the real estate market as a means of generating wealth. Purchasing property for commercial reasons could prove highly profitable. Unable to pay cash for the property and discovering mortgage lenders aren’t interested in facilitating a deal, entrepreneurs look towards hard money loans for financing. Hard money loan deals in Hillsboro, OR could prove incredibly helpful to those whose financial plans appear stalled.

How Does a Hard Money Loan Work?

A hard money loan provides a way for people to purchase property outside the traditional commercial mortgage spectrum. The borrower likely has credit troubles or falls below income requirements. Hard money loans don’t put tremendous emphasis on credit history or income levels. Instead, the lender focuses attention on the value of the property. So, the property’s collateral sways approval decisions.

Borrowers who are interested in financing a construction project, renovating and reselling a house, or engaging in some other commercial activity find this loan worthwhile. The goal involves completing a business project and receiving enough revenue to repay the loan in full and earn a decent profit.

Terms, Costs, and Fees Associated with Hard Money Loans

Hard money loans seem like mortgages, but the differences are significant. The most significant difference is the short-term duration of a hard money loan. Usually, the loan term only runs about 12 months or so. The term could be a little more or a little less. A one-year loan gives borrowers far less time to repay the debt that would be the case with a 30-year mortgage. Of course, the goals of hard money loan borrower and a traditional mortgage seeker are different.

The 12-month or so term employs a “balloon payment” system. A balloon payment means the borrower may pay nothing until the end of the term, or the borrower pays, possibly, just the interest per month until the term ends. Once the term ends, the borrower must pay the loan off in full. “In full” refers to all remaining interest, principle, and fees.

Interest rates and fees with a hard money loan come at substantially higher figures that are common with the typical home mortgage. Borrowers with poor credit and potentially risky business deals should accept the higher interest rates help mitigate the lender’s risks.

Be mindful that refinancing a hard money loan isn’t easy. Don’t automatically assume you could address any issues with repayment by procuring a new loan. Roadblocks may exist.

The Hard Money Loan “Down Payment”

Hard money loans come with their version of a down payment. The Loan-To-Value (LTV) ratio refers to the high monetary outlay made by the borrower mandated by the lender to approve the loan. The lender would probably require the applicant to put down upwards of 20% or more of the loan in cash. Doing so not only reduces the loan amount and gives the lender a cushion in case of foreclosure, the high down payment helps establish the borrower’s potential to repay.

Hard money loans come with a faster approval process and lesser requirements, but there are requirements borrowers must accept when seeking such a loan.

Can I Buy An Owner-Occupied Home With A Hard Money Loan?

“Owner-occupied” and “private individual sales” refer to someone purchasing a home in Hillsboro, OR for non-commercial use. He/she seeks a hard money loan to buy property when not qualified for mortgage approval. While it is possible to use a hard money loan to buy a “dream home,” these events are rare. Well over 90% of hard money loans go to commercial borrowers. Private home borrowers find hard money lenders must adhere to federal regulations that add complexities to approving the loans. Would-be borrowers can still inquire with lenders about their options.

Hard Money Loans

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