Richmond-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

Richmond-California

Understanding Hard Money Loans – Richmond-California
When real estate investors are looking for another option because a traditional mortgage loan didn’t work out, they often turn to hard money loans. This is a scenario that happens frequently because traditional mortgage loans simply don’t work for every situation. If you are unfamiliar with hard money loans, keep reading to get a better understanding of this mortgage loan product, including whether it could work for you. It’s always important to make an informed decision.

About Hard Money Loans

Since there is no such thing as a one-size-fits-all mortgage, hard money loans often work for real estate investors because their unique needs and situations are considered. Hard money lenders are individuals and investment firms that provide real estate loans based on the value of your property as collateral. While traditional mortgage lenders will focus more on your ability to repay by assessing your income and credit score, hard money lenders don’t necessarily focus on those factors since collateral involved. It’s an entirely different philosophy and lending method.

There are different types of hard money loans that can accommodate your needs. You can use a bridge loan to buy a property fast and either resell or refinance it. You can also use the bridge loan to buy a property before actually getting the cash down payment from selling a property that you currently own. Perhaps not surprising, fix-and-flip loans let you purchase a fixer-upper that can be resold, and then the loan paid off in a short amount of time. Construction loans let real estate developers start a new construction project, then sell or refinance the property.

Although some hard money lenders offer owner-occupied loans, most do not because of the regulations involved in consumer lending products, such as Dodd-Frank and licensing requirements. However, if you’re interested in an owner-occupied loan, there’s a chance that you might find a hard money lender, especially since they are private firms and individuals who look at loans on a case-by-case basis.

How Hard Money Loans Work

One of several reasons why real estate investors like hard money loans is because the application process is fast and often free of any hassles and complications, unlike traditional mortgage loans. While each hard money lender has their own set of criteria, borrowers will typically be required to have a cash down payment that’s based on the property’s Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

Hard money loans are short-term loans – often just one to a few years. As opposed to making monthly principal and interest payments, you may only be required to make monthly interest payments. In fact, there are some instances where you will not be required to many any payments at all until the loan matures and the balloon payment is due. The balloon payment is a final payment that consists of the principal, all remaining interest and any fees.

Is a Hard Money Loan Right for You?

Let’s face it, hard money is often expensive. There are also other considerations that might be concerning. These loans have high interest rates, high fees, short terms and the potential of problems when it’s time to refinance because of the “seasoning” period. There’s also the issue of little government oversight, which means you have to be careful about the lender that you choose.

Despite the potential downsides of hard money loans, many real estate investors and developers use hard money loans because its quick money with flexible terms and far more lenient requirements than traditional mortgage loans. From an investment standpoint, hard money loans provide the financial resources that might not otherwise be available when an investment opportunity is presented. To that end, hard money loans can be the solution that you’re looking for.

Hard Money Loans

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