Pueblo-Colorado

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

Pueblo-Colorado

If you are unable to get approved by a traditional mortgage lender and you need to find another option, a hard money loan might be the solution. Hard money loans are offered by private individuals or investment firms that take a different approach to lending. Keep reading to learn more about hard money loans so that you can determine if they are a good option for you.

About Hard Money Loans

Hard money loans are real estate loans and they are approved based on the value of your collateral as opposed to other factors considered by traditional mortgage lenders, such as your ability to repay. Not that your financial standing isn’t important, it just isn’t the primary consideration. In fact, hard money lenders have the autonomy to look at each loan on a case-by-case basis to make a funding decision. It’s a process that involves far less red tape than bank loans.

There are different types of hard money loans, such as fix-and-flip, bridge, owner-occupied and construction. Each type is obviously for different purposes. Bridge loans let you buy a property fast, then refinance or resell it. You can also use it to buy a property before getting the cash down payment from the sale of a property you already own. Fix-and-flip loans are just that – it’s for buying a property, fixing it up and reselling it, at which point you pay off the loan. There are also new construction loans and owner-occupied loans.

In the hard money lending arena, owner-occupied consumer loans are less common because they require compliance with far more regulations than loans for investment properties, such as Dodd-Frank. Hard money lenders tend to steer clear of lending that causes regulatory complications. They also avoid consumer loans because of certain licensing requirements. Nevertheless, there are still some hard money lenders who will provide owner-occupied consumer loans.

How Hard Money Loans Work

One of the reasons why hard money loans are appealing to real estate investors is because the application process is easy and fast, sometimes less than a week. Quick financing can mitigate some of the less desirable aspects of hard money loans in the mind of some investors. Generally speaking, hard money loans require you to put cash down, and the amount is based on your property’s Loan-To-Value (LTV) ratio or After-Repair-Value (ARV) ratio. Just keep in mind that every hard money lender has different criteria.

Hard money loans have a short term that’s usually 12 months, but can be several years. Instead of making monthly payments to the principal and interest, you will typically make interest-only payments. In fact, there are some instances where you don’t make any monthly payments. Instead, you simply make the balloon payment at the end of the loan term. The balloon payment would consist of the entire principal, any unpaid interest and all fees.

Is a Hard Money Loan Right for You?

If we lived in a world where everyone could get the money they need through traditional bank loans, hard money loans would not exist. When making a decision about whether this loan product is a good option, you’ll need to assess the pros and cons. There is usually no way around the fact that hard money loans have high interest rates, a lot of fees and a very short term. They can also be hard to refinance because of the “seasoning” period of traditional mortgage loans, which requires a minimum length of time before you can refinance. Obviously, these issues should be avoided, if possible.

On the flip side, there are situations where a hard money loan is beneficial because it provides access to quick money, the requirements are less rigid and the terms are flexible. This means you will have the money that you need for investment opportunities that arise.

Hard Money Loans

Need funding for your next project?

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