Hard Money Loans Portland

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

High LTV

We fund loans up to 80-90% LTV with no issues.

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

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:

What Are Typical Hard Money Lender Fees?
As with a conventional loan, a hard money loan comes with many fees that can add to the cost of your loan in addition to interest charges. These fees provide income for hard money investors. As a borrower, it’s important to understand the fees you may be charged to negotiate the best terms and interest rate.

Pass-Through Fees
Some fees are paid directly to the lender while others pass through the lender. The appraisal fee is a common “pass-through” fee that is paid to the appraiser of the property. You may also be charged credit card fees which cover the expense of a credit report.

Points
A point is calculated as 1% of the total loan amount. For example, 1 point is equal to $5,000 on a $500,000 loan. Some hard money lenders charge points without separating underwriting fees and other costs to make closing costs simpler, or points may be charged in addition to these fees. The number of points charged will depend on many factors such as the loan-to-value (LTV) ratio, the complexity of the project, and risk. Upfront points are typically 3 points higher for private hard money loans than with a traditional lender.

Underwriting Fee
This fee is usually a set dollar amount and it goes directly to the lender to cover underwriting. With most hard money loans, the underwriting fee will be between $750 and $2,500. This fee will usually be paid on top of any points you must pay, although some lenders incorporate underwriting fees into the points.

Document Preparation Fee
This fee may be charged as a pass-through fee if the lender uses a third-party company to prepare documents. Some hard money lenders prepare documents in-house, however.

Referral Fee
Hard money lending is a very specialized business. Some lenders specialize in apartment complexes and residential rehab projects while others focus on office buildings and other commercial properties, for example. Many hard money lenders refer clients to a different lender who is better suited to the client’s loan situation. If this happens, you may be subject to paying a referral fee. A portion of the fees you pay for your private loan will go toward the original lender.

Draw Fee
If you take out a construction or rehab loan, you will need to establish a draw schedule. Many lenders require 3 or 4 draws, although you can usually take as many draws as necessary until completion. At each stage of completion, you will contact the lender to request an inspection and a release of the draw. You will need to pay construction draw inspection fees that may be $100 to $150 each.

Renewal Fees
You may have the option to renew your private money loan if you have been a dependable borrower who has paid on time. This is beneficial to the investor as their money will continue earning a return and you will receive additional time to pay back the loan. If you do renew the loan, you will likely need to pay a fee. You can pay the fee upfront or have it added to the principal of your balance.

Loan Servicing
If the hard money lender services the loan, an investor will pay loan servicing fees directly to the lender. The lender will collect your payments, maintain records, and supply you with reports. Loan servicing fees are sometimes charged at a flat fee per month but they can also be charged as a percentage of the total loan (usually 0.25% to 1%) and paid monthly.

Late Fee
As with any other loan, you can expect to pay a late fee if you make a payment past the date specified in your promissory note. Most loan servicers split the late fee with the investor.

Foreclosure Fees
Most hard money lenders offer foreclosure services, although some outsource foreclosure work. In some cases, fees generated during a foreclosure may be shared with private money investors.

If you are planning to take out a hard money loan, it’s important to discuss the fees you can expect with your lender during the application process. A reputable lender will be upfront about points, underwriting fees, and other expenses you will face.

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