Norman-Oklahoma

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

Norman-Oklahoma

When most people purchase real estate, they obtain financing through a mortgage at a bank. However, for those who have had bad credit, foreclosures, bankruptcy, or other financial difficulties, this option is often not realistic. But rather than sit by and watch others purchase the investment properties they were poised to buy, it is possible to obtain a hard money loan. Offering the ability to get cash quickly and be used in many different ways, hard money loans are an interesting alternative to those real estate investors willing to think outside the box.

What is a Hard Money Loan?
When attempting to get a hard money loan, those giving the loans are not interested in the recipient’s ability to repay the loan. Instead, they look at the value of the property to be purchased, since this will be the loan’s collateral. As an example, if an investor wants a hard money loan to purchase a $100,000 property, they will probably be given a loan based on 80-90% of the property’s value, meaning they will need to have up to $20,000 of their own money to buy the property.

Are There Different Types of Hard Money Loans?
Since hard money loans offer tremendous flexibility, investors can use them for a variety of purposes. For example, many investors get what is called a fix-and-flip loan, which allows them to purchase a property, fix it up quickly, then resell it to gain their profits and pay off the loan. For other investors, hard money loans can be used for construction projects, letting them start a project much quicker rather than wait for traditional financing. However, since these loans are usually made by private institutions and individuals, most situations are considered on a case-by-case basis, so in some ways the possibilities are endless.

What are the Terms of Hard Money Loans?
With most hard money loans, the biggest benefit is being able to get cash quickly in order to make a real estate purchase. However, unlike traditional mortgages that may have a 20 or 30-year payoff period, hard money loans have a payoff period of usually no more than three years, with many offering only 12 months to pay off the loan. In addition, they may also offer higher interest rates and a variety of fees, and use a balloon payment at the end to pay off all principal, interest, and fees. Therefore, when deciding to obtain a hard money loan, it is best to have a solid financial plan in place, which will allow an investor to ensure they can sell the property before the payoff deadline.

Are Hard Money Loans Available for Private Home Purchases?
In most cases, hard money loans are not made to individuals seeking to purchase a property in which they will live. In fact, it is estimated that more than 90 percent of all hard money loan lenders do not offer owner-occupied loans. For those that do, they are required by law to abide by federal regulations to verify the borrower’s ability to repay the loan, and also usually need to follow various licensing requirements. Since this essentially defeats the purpose of these loans, which is to get money quickly and easily, most lenders choose to focus solely on loans for investment purposes.

If you are an entrepreneur or real estate investor who wants to purchase a property immediately without having to worry about a long and complicated loan application process at a local bank, a hard money loan may be the answer. However, before making this commitment, make sure you have considered all financing options. If after doing so you know the financial plan you have in place is a good one, seek out a hard money loan source and get started.

Hard Money Loans

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