Hard Money Loans Long Beach

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 Long Beach

There are a variety of factors to consider before making literally any financial decision. There are many ways in which such choices can play a significant impact on your own life. Any responsible adult would spend their time putting into place a plan of action that makes sense for the choices that they are about to make in regards to money. Therefore, taking a look at some of the factors related to hard money loans simply makes prudent sense.
What Is A Long Beach Hard Money Loan?
A Long Beach hard money loan differs from a traditional loan in a number of ways. A person must own something of value that they can put up as collateral against their loan in order to qualify. Some of the following are good examples of possible collateral that a person may use to justify receiving the loan from a creditor:

  • House
  • Boat
  • Land
  • Trailor
  • RV

Anything of value like that could be potentially considered for a hard money loan. Most lenders of this type of loan are looking for physical property that they could quickly and easily sell in the event that you do not keep up with your loan payments to them.
Length Of Long Beach Hard Money Loans
Borrowing a hard money loan is supposed to a be a short-term decision you make in order to right the ship so to speak in your financial life. This means that it is borrowed for the express purpose of taking care of some pressing financial need that is weighing down on you at this very moment. A typical hard money loan might last just between one to five years.
Why Consider A Long Beach Hard Money Loan?
Not everyone can qualify for a traditional property loan. Others do qualify for such a loan but do not wish to wait around for the lender to get through all of the bureaucracy that is required to lend them the money. These are the perfect candidates for a hard money loan. A few of the advantages are the following:
Faster Approval Times- A traditional property lender likes to take their time and figure out if the person they are lending to is really worth of their funds. It is a brutally long process that leaves some people without any recourse but to find another means of borrowing. A hard money lender does not require nearly as much time or paperwork. They are interested only in ensuring that you have the correct amount of collateral to satisfy the loan and pay them back on the timetable that you set up with them.
More Flexible Terms- The terms that one might receive from a traditional lender are bound to be strict and inflexible. They will lay out the exact rules for how you must pay back the loan. In some cases, the lenders will not even care much about your ability to pay or not. They don’t get to know you as a person. This can leave you in a serious bind. Hard money lenders are more willing to come up with loan terms that work for you.
Good Chance Of Approval- You have a very good chance of approval for a hard money loan if you have the collateral to back up the loan. We are typically talking about collateral that comes in between fifty to seventy percent of the value of the loan. Those who have that backing them up will likely receive their loan.
Considerations Before Borrowing
There are always things to consider before borrowing a loan in any situation. Anyone who is responsible will make sure that they spend some time weighting out the pros and cons of any financial decision. The same is true for a hard money loan as well.
The interest rates offered on this money are higher than what you would likely receive from a traditional lender. That can cause some people to pause and throw up a red flag of objection. However, those individuals have to remember that the lender is giving them this money without digging deeply into their credit worthiness. The lender has to assume a greater amount of risk than they usually would have to.
Paying a slightly higher rate might be worth it to you if you require the funds quickly. Additionally, some people have no traditional borrowing options available to them. In that circumstance, a hard money loan can look very appealing indeed.
Always take a pause and figure out what is right for your personal financial situation. Getting this figured out can save you a lot of heartache down the line. Get it figured out now and then you can appreciate the choices you have made.

Hard Money Loans

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