Manchester-New Hampshire 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

Manchester-New Hampshire Hard Money Loans

The Basics of Hard Money Loans
When it comes to getting the right loan, not everyone’s needs are the same. In some cases an individual might need money faster than usual for a real estate purchase. Others might not be able to qualify for a conventional mortgage. There are even some individuals that need a loan for a short amount of time. These borrowers often find hard money loans to be the best solution to their problem.

What are Hard Money Loans?

Hard money loans are a type of loan that uses the value of the collateral as the major factor for lending money for the purchase of real estate. While conventional loans and hard money loans both act as a vehicle for the purchase of real estate, they are very different. Hard money loans typically have very short repayment periods and they carry high interest rates. There are a number of options when it comes to types of hard money loans such as:

Construction Loan – This loan type provides financing options for a real estate developer to get started on the latest project right away and ultimately sell or refinance the project.

Bridge Loan – With a bridge loan an individual can purchase real estate quickly while it is available and then sell it fast or refinance the property. In some cases this can allow the individual to gather together the money necessary for a down payment or improve their credit situation in order to gain approval through a conventional lender.

Fix-and-flip Loan – This loan type is often used by investors that plan to purchase a property, rehabilitate it and then sell the property very quickly allowing for the complete payoff of the loan.

Owner-occupied Loan – Those borrowers that are not able to qualify for conventional financing might turn to these loan types in order to purchase a property to live in. Perhaps the buyer can manage the higher monthly payments and interest rate, but simply can’t qualify for other loan types.

Is a Hard Money Loan the Right Choice?

There are a number of factors that are important when considering a hard money loan for your real estate purchase. Some of the downsides related to these loan types include:

High Interest Rates – The higher interest rate is perhaps one of the most obvious negative aspects of hard money loans. These interest rates can range up into the double digits.

Additional Fees – In some cases hard money loans carry high fees in addition to the high interest rate. These might include origination fees, construction draw fees, underwriting fees and even pre-payment fees.

Government Oversight – While conventional lenders and mortgage companies are typically held to a higher standard by government, there are fewer rules, monitors and regulations related to the hard money lenders requirement that borrowers take great care in which lender they choose to work with.

Short Loan Terms – Due to the nature of hard money loans, terms as low as one or two years are expected. This means that the entire loan as well as any fees and finance charges will come due and payable very quickly.

How to Obtain a Hard Money Loan

If you have weighed the options and decided that a hard money loan is the best choice for your situation, you will want to choose the lender carefully. One way to find these lenders is by reaching out the real estate investors in your area. It is likely that they can give you some direction as to who to stay away from and who is reputable. After narrowing down the options, check out the potential lender online and with the Better Business Bureau. This will provide valuable information about any complaints filed against the lender.

It’s important to weigh your options carefully when choosing a lender and the type of loan that fits your needs. Take the time to learn about the prospective lenders and consider how you will repay the loan when it comes due.

Hard Money Loans

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