DELANCEY STREET

Here's Who We Are

We're Fund Virtually Everything

We fund business owners nationwide, regardless of industry, credit, or time in business. We fund it all.

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We Provide Multiple Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

Fast Approval

Our application process is completely online. You can get funds in your bank account in literally 24 hours.

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.

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Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.

Approval

Receive application approval in as little as 24 hours. There is no credit check required.

Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Recent Business Loans Funded

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

Truck Funded

Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

Get a Decision in as Little As 30 Seconds

We’re Fast. We Help Regardless of Credit. WE HAVE A SOLUTION FOR YOU.

Apply Online

We have a completely online application process, which is simple and easy.

Get Offers

We'll match you with the best loan offers we have that are financially responsible.

Get Funded Quickly

We'll fund you the same day you accept our offer.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

Compare Our Loan Offers

We give you a few different loan offers based on your scenario and what options you qualify for.

Choose Your Loan

Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

Get Funded

Once we get all of the documents back, we'll get you funded ASAP.

We Help You Grow

After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Business Loans

Get business loans ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

Hard Money Loans Nassau County

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Delancey Street is a trusted, and private, Nassau County hard money lender. We are dedicated to providing clients with hard money loans they need for their residential, and commercial, ventures. As a premier hard money lender, we are 100% focused on providing asset-backed commercial, and residential, mortgage loans to borrowers in Nassau County. We fund projects nationwide, but have offices in Nassau County. We secure funds for properties all over the USA. We lend for a variety of ventures, from rehabbing, to remodeling. We also fund office and retail acquisitions, and condo purchases. Regardless of how much funding you need – we can get you the financing.
We have funded over $200 million in commercial loans/residential loans. We help individuals, regardless of their credit, past bankruptcy or foreclosures. We fund based on the merits of your projects. We have years of experience helping Nassau County residents secure the hard money loans they need.

Who can we help

If you need money for a real estate related transaction, we can provide you with fast financing. Our Nassau county hard money loans provide you with easy terms and low interest rates, starting at 7%. We are confident that our asset-based funding guidelines can provide you with the finances you need. As a hard money lender, we know the importance of helping you get financing in a timely manner. We can fund hard money loans within 24 hours of the loan being approved. We pride ourselves on getting almost immediate approval, and doing so with simple terms and low interest rates.

The market is ripe

The market for hard money loans is huge. New York has the largest, and most active – single family residential real estate market in the USA. In addition, New York real estate is the most valuable real estate market in the USA. The inherent high value of single family homes in New York has created numerous house flipping opportunities. If you are a hard money borrower who can find great deals – then we can help fund them. We regularly help people interested in reaping profits from rehabbed assets. The faster you find a reliable source of funding, the faster you can fix and flip your asset. Hard money lenders like Delancey Street can serve and help you. We collaborate with hard money borrowers all over New York and handle all major markets in Nassau County. We have immense local market knowledge and underwriting experience to help you make informed decisions. We work with all types of borrowers who need high quality capital. We look at your track record of success, and your ability to conduct a quick, and successful transaction.

What is a hard money loan

A hard money loan is a short term financing option, collateralized by an asset. It’s secured by a property. Hard money loans are funded by private lenders, instead of normal banks. We provide business loans to borrowers which are then collateralized by property. We are capable of making quicker decisions, and can lend on properties – even without cash flow. As a result, hard money lenders charge higher interest rates than traditional banks. When assessing your qualifications for a hard money loan – we look at the loan to value, and also look at the after repair value ratio. These are loan criteria requirements that we will need to look at – in order give a hard money loan.

Why use a Nassau County hard money lender?

Borrowers work with hard money lenders when funds are in short supply – and they need them fast. Often, borrowers cannot go to traditional banks for one reason or another. Despite the higher interest rate associated with hard money loans – borrowers seek this type of financing in order to get the loan as soon as possible. These types of loans are ideal for people look for a rehab fix + flip loan, buy to rent loan, bridge financing, refinancing, or fixing to rent loan. One advantage of Nassau County hard money loans is the speed of it. Once it’s approved, loans can be funded within 24-48 hours – whereas traditional banks take months.

Real estate loans don’t always fall under the description of a conventional mortgage. With a mortgage deal, a borrower acquires a loan to purchase a home. The borrower then repays the loan at a predetermined annual percentage rate (APR). Not everyone, however, qualifies for a mortgage. Their financial background or reasons for borrowing make traditional mortgages out of their grasps.

What is a Hard Money Loan?

A hard money loan differs from a traditional mortgage in one significant way: approval isn’t based on the borrower’s ability to repay. Instead, a determination derives from the value of the property.

Who Seeks a Hard Money Loan

Borrowers with different goals and backgrounds seek out a hard money loan. Their purposes might be atypical from the common reasons the average person wants to buy a home.

Investors interested in buying, renovating, and reselling a home at a profit often acquire hard money loans. Similarly, buyers may utilize a hard money loan as a “bridge loan” to expedite the purchase of property for resale purposes. Professionals involved in construction projects might find a hard money loan worthwhile.

Some people use hard money loans to own and live in the property. They don’t qualify for a mortgage, so they take advantage of hard money loan options. Generally, hard money loan approvals go mostly to investors as opposed to home buyers. We explain the reasons in the next section.

The Loan-To-Value (LTV) Requirement

One thing to understand about hard money loans is they do require something known as a Loan-To-Value (LTV) ratio payment. Essentially, this is a down payment on the loan, but the percentage is going to be much higher. A 20% down payment would be commonplace. Anyone interest in a $300,000 loan to purchase real estate in Beaumont, TX may need to put up $60,000 towards the acquisition of the property.

Hard money loans do open doors to investors who otherwise couldn’t procure a mortgage, but there are costs the lender must accept. Interest rates on hard money loans will be high, and fees could be added to the balance.

A Short-Term Loan

Hard money loans aren’t 15 or 30-year mortgages. Instead, these loans come with a rapid repayment term. Usually, the loan term runs about 12 months. Interestingly, the borrower may not be required to pay standard monthly installments on the loan. Interest-only payments could be at the core of the deal. The loan could also involve a balloon payment structure. That is, no payments are necessary until the end of the loan’s term.

These components aren’t the only ones that make hard money loans appealing to investors. Applications for the loans follow a streamlined process. Borrowers must meet requirements, but the overall application won’t come with many complexities.

Hard Money Loans Vs. Bank Mortgages

Besides the quick loan approval time, short repayment durations, and balloon payment deals, other differences exist between a hard money loan and a traditional mortgage. Credit checks don’t factor as much with a hard money loan as they do with a standard mortgage.

The lenders also look closely at the value of the property intended for purchase. While credit and income might not factor heavily in the approval process for a hard money loan, the collateral at the core of the loan is examined closely.

Be mindful that different rules exist for private individuals than for commercial businesses. Private individuals often use hard money loans to overcome obstacles with approvals for a mortgage. Per Dodd-Frank regulations and rules, lenders must qualify the private individual’s ability to repay the loan. Owner-occupied consumer loans, however, reflect a small number of such hard money loans.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
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Delancey Street understands funding like no one else!
Steven Norris
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