Rancho Cucamonga-California

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

Rancho Cucamonga-California

Understanding Hard Money Loans – Rancho Cucamonga-California
When real estate investors are unable to obtain a traditional mortgage loan to fund a project, they often turn to hard money lenders. It’s simply a fact of life that traditional mortgage loans don’t work for every situation. If you have questions about hard money loans, keep reading to learn about this asset-based lending solution.

About Hard Money Loans

Hard money loans are provided for the purchase of real estate and the value of your property as collateral is the basis of the loan. While the entirety of your loan application is considered, it’s not like traditional mortgage loans where your income and credit scores are the primary determining factors in whether your loan is approved. Hard money lenders are private firms and individuals that assess the entirety of your application as opposed to just following strict guidelines without considering your situation. There are different types of hard money loans that meet different needs.

Types of Hard Money Loans

A bridge loan enables you to buy a property, then resell or refinance it. This type of loan is also for buying a new property before getting the cash for a down payment through the sale of a property that you already own. A construction loan enables real estate developers to start a new construction project and refinance or sell it right away. You can use a fix-and-flip loan to buy and fix up a rehab property, then resell it and pay off the loan. The owner-occupied loan is offered by a small number of hard money lenders because it’s a consumer loan and a lot more regulations are involved.

How Hard Money Loans Work

Many real estate investors appreciate the fast and easy application process for hard money loans. It can take less than a week to complete the lending process. Generally, borrowers are required to have a cash down payment that’s determined based on the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

Hard money loans are for a short period of time, typically 12 months to several years. Instead of monthly principal and interest payments, there’s a chance that you will only have to make interest payments. There’s even a possibility of zero payments until the balloon payment is due. The balloon payment will include the entire principal, the remaining interest and any fees that have been added to the loan.

Is a Hard Money Loan Right for You?

Whether a hard money loan is right for you depends on your situation. You will need to consider the pros and cons. The benefits of a hard money loan include fast access to money, flexible terms and lenient requirements for approval. These are not characteristics of traditional mortgage loans. With a hard money loan, you are more likely to have the financial resources that you need to invest in real estate.

Some of the downsides of hard money loans are the short terms, have high interest rates and fees. Hard money loans also have limited government oversight, which means you should be careful about the lender that you choose. There could also be an issue with refinancing as a result of traditional mortgage lender requirements to satisfy the “seasoning” period. This means you’ll have to hold the loan for a certain period of time before refinancing.

Despite the downsides, many real estate investors see hard money loans as a tool that enables them to capture more investment opportunities. The reality is that hard money loans offer a solution to a problem and can make the difference in the success or failure of a real estate investor. If you are unable to obtain a traditional mortgage loan, a hard money loan could be a good alternative.

Hard Money Loans

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