Murrieta-California 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

Murrieta-California Hard Money Loans

Understanding Hard Money Loans – Murrieta-California
Many real estate investors have encountered problems during the application process for a traditional mortgage. Quite frankly, it can be difficult to get approved, even when you think everything is in order. Hard money loans offer an alternative solution when this issue arises. Generally speaking, it’s both easier and faster to obtain a hard money loan. Let’s dig deeper for more insights.

About Hard Money Loans

Hard money lenders are individual investors and private companies that have the autonomy to approve loans on an individual basis. Instead of adhering to cookie-cutter standards like traditional mortgage lenders, they’re able to assess each individual application and make any necessary considerations. For instance, traditional mortgage lenders primarily consider your credit and income when gauging your ability to repay a loan. Hard money lenders focus more on the value of your collateral. In fact, they may even forgive poor credit, bankruptcies and foreclosures.

There are various types of hard money loans that serve different purposes. If you’re interested in buying a property now and either reselling or refinancing it, a bridge loan could work for you. This type of loan is also good for buying a property and getting the cash down payment from the sale of a property that you already own. Fix-and-flip loans let you buy, rehab and resell a property, then pay off the loan. There are also hard money construction loans for real estate developers to start a new construction project, then either sell or refinance it as soon as possible.

A less common option is the owner-occupied loan for people who cannot secure a traditional mortgage for a property in which they intend to live. Only a small percentage of hard money investors offer this loan because of the additional regulations that apply to consumer loans. If you are interested in an owner-occupied loan, there is still hope of finding a hard money lender.

How Hard Money Loans Work

If you ask someone about the perks of a hard money loan, they will probably mention the fast application process. Hard money loans can take less than a week to fund. Typically, borrowers must provide a cash down payment that’s determined by the Loan-To-Value (LTV) ratio or After-Repair-Value (ARV) ratio. The term for hard money loans is often between one year and several years.

Depending on the lender and the loan type, you may only be required to make monthly interest payments instead of monthly principal and interest payments. There are even some loans that don’t require you to make any payments until the maturity date. At that point, you’ll make a balloon payment that includes the principal, all remaining interest and any fees that were added to the loan.

Is a Hard Money Loan Right for You?

You should definitely understand that hard money loans have short terms, high interest rates and fees. Given that there is little government oversight for this type of loan, you should be careful about the lender that you select. There might also be an issue with refinancing because of traditional mortgage lender requirements.

Despite the downsides, a hard money loan could be a good option, but there are questions that you should ask yourself. For instance, do you have another loan option? Do you need fast access to money? Many real estate investors use hard money loans because they offer quick money, flexible terms and relaxed requirements that are beneficial enough to mitigate any concerns.

Sometimes it’s simply a matter of leveraging the benefits of a hard money loan when an investment opportunity arises. Everyone’s situation is different, so it’s important to weigh the pros and cons in order to decide what’s best for you.

Hard Money Loans

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