Hard Money Loans Manhattan

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.

Jason

Founding Partner (Cut and Stitch)
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 Manhattan

Manhattan Hard Money Lenders

Poor credit could stop you from acquiring a potential real estate investment property you’re looking at. Traditional lenders don’t invest in high-risk opportunities, which could leave you with limited options. One of the most viable alternatives is hard money loans. These type of loans are provided by private investors or a group of investors.
Hard money lenders are only concerned with the value of your property, which is used as collateral. As such, you should not let poor credit stop you pursuing a hard money loan. Hard money loans take a relatively shorter time to be processed; usually 5 to 10 days. The loan amount you get will be based on the value of your property. Moreover, the approval of hard money loans involves significantly less paperwork.
Here are some of the things that Manhattan hard money lenders look at before processing your loan:
– Do you have any experience or history in fixing and flipping real estate properties?
– What is the value of the property being used as collateral?
– How do you plan on repaying the hard money loan
– How much cash reserves do you have to serve as holding cost?
Assuming you have adequate answers for the questions above, your loan can be processed in the shortest time possible. Manhattan hard money lenders will focus on your LTV.  The LTV has to be low – 70 percent is a considerable LTV. Some lenders can even offer borrowers 100 percent financing depending on their specific situation.
Pros of Manhattan Hard Money Loans
• Quick approval process
One of the advantages of Manhattan hard money loans over traditional loans is their quick approval process and funding. Manhattan hard money lenders don’t normally undertake time consuming credit checks. Once they ascertain that you have enough equity in the property being used as collateral, they will proceed with the approval of your loan. You can receive the financing in a matter of days. On the other hand, traditional lenders can keep you waiting for about 30 to 45 days.
• Flexibility
Since these loans are provided by private individuals, they have more flexible terms. They are also subject to less red-tape. They do not have specific guidelines, unlike traditional lenders. You can even have the lenders adjust the repayment schedule to something that suits you. Manhattan hard money lenders can even tailor them to fit your specific situations.
• New borrowers
Unlike traditional loans that are only available to individuals who have had significant experience in their field of work, hard money loans are ideal for new borrowers. New borrowers often have poor credit ratings, but they can still obtain these loans to proceed with their investments.
Cons of Manhattan hard money loans
• Their interest rates are high
Hard money loans have higher interest rates as compared to traditional loans; this is because they are high-risk loans. Most Manhattan hard money lenders offer interest rates between 10 and 20 percent.
• Short repayment period
Hard money loans usually have a shorter repayment term compared to traditional loans. Most hard loan lenders will give borrowers a loan term of about 1 to 3 years. Some lenders, however, may give borrowers a repayment term of up to 5 years. A short repayment period may put a real estate investor on the losing end if he or she does not manage to flip his or her property by the end of the scheduled period.

Hard Money Loans

Need funding for your next project?

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