Lowell-Massachusetts Hard Money Loans

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

Lowell-Massachusetts Hard Money Loans

You may be new to hard money loans, but you’ve heard enough about them to know they can be useful tool for real estate investors. It’s true: hard money loans can be extremely beneficial for people who want to invest in real estate but who don’t have a lot of upfront cash.

Getting a hard money loan can be a smart financial move, but if you’re not familiar with all of the ins and outs of this type of loan, it’d be easy very easy to get yourself into a bind. Following is a list of must-have info regarding hard money loans.

A Hard Money Loan is A Short-Term Real Estate Loan

Hard money loans are loans lent by individuals or groups of investors to investors looking to obtain short-term real estate loans. Investors use the loans to buy property that they will most likely rehab before selling again at a profit. Hard money loans are a great option since it’s usually quite difficult to get a real estate investment loan from a traditional bank.

Interest rates are higher with hard money loans.

Hard money loans come with higher interest rates than traditional loans. This is because hard money lenders are taking a lot of risk backing short-term real estate, so charging a high interest rate will help them absorb some of that risk. Interest rates can go up to 15 percent and higher.

Keep close tabs on your interest rates so that you’re fully aware of what you need to pay when the loan comes due at the end of the term. Some hard money loan companies don’t require you to make any interest or principal payments during the loan term, allowing you to make one giant balloon payment at the end. Some people prefer to keep making interest payments all along so that they pay less at the end. Figure out what makes sense to you based on your specific circumstances.

Many types of real estate can be purchased with hard money loans.

Hard money loans can be used for different types of short-term real estate deals. They can be used to buy multi-family residential buildings, commercial buildings, single-family residential buildings, industrial buildings, and even land. Choose your hard money lender depending on the type of deal that you’re trying to do. For instance, you may find a hard money lender who specializes in lands deals. Stick with that type of person if you are purchasing land. Specialists know the ins-and-outs of their category, and they can help you avoid major issues down the road.

Understand the the hard money loan to value ratios

The loan-to-value ratio is the amount of the loan that the lender is able to lend to you, and it’s determined by the value of the property. Most hard money lenders will lend anywhere between 65 and 75% of the amount the property is worth when you purchase it and before you repair it. If they lend you money based on the value of the property after you repair it, that’s a loan base do the “after repair value”, or ARV.

Look carefully for a hard money lender to work with.

It’s really important that you work with a reputable hard money lender. The industry isn’t federally regulated, which means that unscrupulous lenders are out there. In order to avoid being matched up with the wrong lender, visit real estate investor club meetings in your area. Speak to people who have worked with hard money lenders before and find out who they recommend.

Have a contingency plan in place if your property does not sell at the end of the loan period.

Hard money lenders expect that you will pay a full balloon payment at the end of the loan period. Hard money loans have six month to three year periods,after which the loan comes due. The assumption is that at the end of the loan period, you will be selling the property and paying the lender back. If you haven’t sold the property by the time the loan is due, you’re going to have to either refinance the loan or come up with some other option. Have your contingency plan in place before you move forward.

Hard Money Loans

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