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

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

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questions. Contact us anytime:

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.

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  • 1 Tell us what you need
  • 2 We'll evaluate it
  • 3 We'll offer our terms

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