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

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

Hard Money Loans Portland

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.

Hard Money Loans

Need funding for your next project?

Complete Our Application