Hard Money Loans Lancaster

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.

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

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.

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:

How is a hard money lender different from a conventional lender

The biggest difference between traditional lenders and  hard money lenders is the fact hard money lenders are asset based lenders. They focus on the collateral associated with the by the potential borrower. But, traditional banks hone in on credit and how much cash the borrower has. It’s super important to remember hard money loans are not good for the long run. The objective of a hard money loan is to be a bridge loan that gets you the asset you are trying to acquisition. Hard money lenders focus on 6-24 month termloans that generate a significant ROI. If you are unable to repay the loan you took, then the lender can take possession of your property to be able to repay his/her loan.

When is the right moment for a hard money loan

Private money loans are used as funding tools by investors. They are useful in a few situations, such as:

Unable to get financing elsewhere. Funding real estate investments is complicated. Traditional mortgages are difficult to acquire under normal situations. Banks are very careful of making loans for real estate investments, as opposed to loans for primary residences. Because of this, if you’re looking for investment funds – then get a hard money loan.

You’ve got a poor credit history. Hard money loans are based off the collateral of the investment, not your ability to repay. Loans made to consumers – as opposed to hard money lenders – revolve around how likely it is you will repay the loan. This means if you’ve got a poor credit history or no stable income – then you may not get approved for financing. You need money. Private money loans are great so you can get money ASAP. Traditional loans take time. Hard money is very fast. If you need to capitalize on an opportunity immediately, then it is possible to get a hard money loan. If you can wait several weeks, then it’s far better to get a hard money loan.

Hard money lenders can help finance your next loan

Hard money lenders assist a very specific group of individuals, i.e. property investors. Hard money lending is a type of short term financing, which is secured by property. Specifically, the men and women who use hard money loans are generally real estate investors – typically, those who are being denied a traditional loan due to stringent guidelines.

Hard money lenders exist since they’re fast, and offer loans with little to no headaches. Hard money lenders have a relatively simple application system. They expect collateral and do not look at your credit rating. They concentrate on your expertise, rather than your credit worthiness. If you’ve got a bad financial past, it will be easier to obtain financing with a hard money loan as opposed to a conventional loan which is granted based on your credit report. Below are situations where hard money lenders fill a void that traditional lenders do not touch:

Lancaster Hard money loans can be used for fix and flip real estate investors

Most traditional lenders will not give you a loan for a fix and flip project. If the house is in bad condition, or there’s some other abnormality with the house, then a conventional lender won’t give you funding. Additionally, most fix and flip prospective deals”go fast.” The seller is very motivated to sell the property, and will accept the first deal. Conventional lenders take forever, so by the time the loan is approved – you’ve already lost the property because someone paid money for it. For those who have a hard money lender on your side who can close a loan in 5-10 days, you can find the fix and flip property.

Hard money loans a type of bridge financing

Sometimes, your job goes over-budget and as a result you need additional funds. Some traditional lenders will deny, because the project isn’t completed. Though this can be devastating, a hard money lender may be willing to lend you the money. Hard money lenders are happy to give money to bridge the gap in funding, and can work with you to fill this void.

Hard Money Loans can be used for Residential Properties

Hard money can be used for various kinds of properties, ranging from commercial properties to residential properties. Typically real estate investors who contact us are looking for a private money loan for single family residence. Many do a fix and flip, or they are purchasing the property to hold it long term and lease it out. Real estate investors that are looking to fix and flip normally find a property in distress, purchase it under market value, rehab the property, and then resell it so as to make a profit. Most fix and flips are done within 6-9 months. Investors who purchase rental properties with a long term plan, typically buy it and maintain it. Irrespective of your purpose – we can give you funding. We fund all types of residential property investment properties. Many borrowers come to us because they would like to create multiple sources of passive wealth. Some investors use a hard money loan to buy the investment property and then use a conventional loan to repay the hard money loan. Regardless of what your purpose is, we can give you funding for your loan.

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