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

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

Hard Money Loans Lancaster

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.

Hard Money Loans

Need funding for your next project?

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