Rochester-Minnesota

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

Rochester-Minnesota

The reality of mortgage lending is that some people do not qualify for conventional loans. Quite frankly, there are often stringent requirements that do not accommodate everyone’s needs. Fortunately, hard money loans can serve as a solution if you need a loan for the purchase of real estate.

When the topic of hard money loans arises, there are often questions about whether it’s a good option. The information below sheds light on hard money loans in order to help you make an informed decision about this mortgage loan product.

About Hard Money Loans

Hard money loans are for the purpose of purchasing real estate. An interesting aspect of these loans is that they are made based on the value of your collateral. This is different than conventional loans that focus more on your ability to repay. Hard money lenders are private firms and individuals who look at each application on its own merit as opposed to using a standard checklist of requirements. The fix-and-flip loan, bridge loan, owner-occupied loan and construction loan are all examples of hard money loan products.

A bridge loan is a good option if you plan to buy a property, then resell or refinance it. This type of loan is also an option if you want to buy a new property, prior to getting cash for a down payment from selling a property that you currently own. As the name implies, a fix-and-flip loan is for buying a fixer-upper that you can sell, and then pay the loan off. The owner-occupied loan is simply for consumers who can’t qualify for other financing options. A construction loan enables a real estate developer to start a new construction project, then refinance or sell it quickly.

Although there is a small percentage of hard money lenders that offer owner-occupied loans, the majority do not because they require adherence to far more regulations, such as the Dodd–Frank Wall Street Reform and Consumer Protection Act, as well as licensing requirements with the National Multistate Licensing System & Registry.

How Hard Money Loans Work

Part of the appeal of hard money loans is the fact that the application process is fast, sometimes less than a week, and it isn’t complicated like that of other loan types. This is a benefit that real estate investors appreciate, for obvious reasons. Generally speaking, you will need cash for hard money loans. The amount required will be a function of the Loan-To-Value (LTV) ratio or After-Repair-Value (ARV) ratio.

One of the most distinct features of a hard money loan is the term, which is usually 12 months, but sometimes a couple of years. Instead of making monthly principal and interest loan payments, borrowers make interest only payments. There’s even a possibility that you won’t have to make any payments until you pay the loan in full. Hard money loans are paid off at the end of the term in a balloon payment that includes the principal, the remaining interest and all of the fees.

How Hard Money Loans Are Unique

When you look at hard money loans and compare them with traditional bank loans, you’ll find many differences. While they both offer loans for real estate and may have similar underwriting practices, there aren’t many other commonalities. The repayment period for hard money loans are very short, interest rates are high, there are often a lot of fees and there’s a lack of governmental oversight. There might also be issues with refinancing down the road as a result of traditional mortgage loan requirement.

While some aspects of hard money loans can seem undesirable, there are a good number of benefits to consider. Namely, you can receive the money that you need quickly, the terms are flexible and the requirements are lenient. These benefits often make hard money loans worthy of consideration.

Hard Money Loans

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