Hard Money Loans Humboldt County

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

High LTV

We fund loans up to 80-90% LTV with no issues.

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Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

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.

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Our team consists of extremely qualified industry experts

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Humboldt County Hard Money Loans

Many real estate investors find out about hard money after getting rejected by traditional lenders. Other people receive a helpful suggestion to consider hard money as a financing option. Regardless of how you realize that hard money may be right for you, you may still have major questions about what hard money is and how it may work for you. Many real estate investors credit hard money as the core reason for their success. Getting quick access to cash, through hard money loans, enables them to rapidly purchase properties.

What You Need to Know About Hard Money
The most important thing to know about hard money is that these loans are not like traditional loans. In fact, the main thing they share in common is that they are both secured by real estate. Other than that, the source of funds, the loan terms and the underwriting guidelines are considerably different. Hard money loans are sourced privately, rather than through a financial institution. This means that underwriting requirements for hard money loans are less and more lenient. It also means that hard money loans close faster than bank loans in most cases. As great as hard money loans may sound,the loan terms make them suitable for only specific types of scenarios. Typical loan terms include a high interest rate, a very short loan term, and a balloon payment.

A Closer Look at Humboldt County Hard Money Lenders
As mentioned, hard money loans are privately sourced. In most cases, a private lender uses its own money to extend a loan to you. Unlike a bank that usually sells its loans off to a third party after closing, a hard money lender usually retains the loan and generates a profit off of the loan’s interest. Because hard money lenders are using their own funds and are usually servicing the loans on their own, they essentially answer to no one when determining if a loan request should be approved. You may have a low credit rating, a property that is in poor condition and needs to be renovated, or some other issue which makes you a poor candidate for a traditional loan. Private money lenders have the flexibility to look at the strengths as well as the weaknesses of an applicant before deciding if they will approve your loan request. Hard money lenders care about one thing: whether your project will succeed or not. They look at the amount you want to borrow relative to the value of the property. Moreover, they look at what you plan on doing with the property and how you’ll repay the loan.

Possible Humboldt County Hard Money Loan Scenarios
You may be surprised to learn that hard money loans have a term length between six to 18 months in most cases. Some lenders will offer a slightly longer term or the possibility of an extension, but this is offered on a case-by-case basis when the details of the loan warrant it. With a short loan term and a balloon payment, you can see that a short-term hold situation is ideal for hard money loans. Hard money loans are great for  renovation projects, a fix and flip, refinancing a property, or other similar situations. Another possible scenario for hard money loans is a quick closing situation. Hard money loans may close within 1-2 weeks or less, and this means they are great when you want to rapidly purchase a property.

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