Rochester-New York

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-New York

Though hard money loans are often fairly simple to qualify for, it is still important to take an in-depth look at this particular financing option. While these types of loans are most often used in real estate investment, there’s still a lot that many investors don’t know about hard money loans.

What You Need to Know About Hard Money Loans

There’s more to hard money loans than fast cash. Though they are an excellent alternative to more standard methods for financing, it’s important that you understand the ins and outs of hard money loans. The following questions help to explain the hard money loan process and how to qualify for a loan:

Do hard money loans always have high interest rates?

While every hard money lender is different, most of these loans do have high interest rates.

The rates reflect the level of risk that the lender is taking on. Since these private lenders in Rochester, New York are agreeing to loan an investor money without checking their ability to repay the loan, they don’t have a physical guarantee that the investor will make good on their agreement. In the case of the investor defaulting on the loan, the lender will have to spend their own money to deal with the foreclosure of that person’s property.

Additionally, the high interest rates are a casualty of the business. Lenders are out to turn a profit as well and this is a business for them. Despite all of this, many investors are fine with paying these interest rates as these loans are for short-term periods.

How do investors afford the large balloon payment?

If you’ve yet begun to research hard money loans, you may find the idea of making the balloon payment once the loan ends to be particularly alarming. With other loans, investors make multiple payments to repay the lender. This isn’t usually the case with hard money loans.

With a large balloon payment, lenders expect the investor to pay everything when the loan is due. This includes the interest, additional fees, and the loan in full. Investors options for handling this balloon payment include selling their property, extending their loan, and refinancing the loan through other financing options.

What properties should I purchase with hard loans?

Hard lenders are often open to lending money for almost any type of property. Whether you’ve chosen multifamily properties or a single residence, you can find an institution that is willing to give you a hard money loan.

Similarly, you can purchase a property with the intention of rehabbing it or you can buy one that’s is ready-to-sell. As long as you have the collateral, you likely won’t be turned away by a hard money lender.

Are hard money lenders looking for formal businesses?

If you are investing in real estate as an individual, you will find it a bit more challenging to qualify for a loan from a hard money lender. As these lenders give loans primarily to formal businesses, you’ll have to look for an individual or firm willing to loan to you. If you’d like to make the approval process as hassle-free as possible, it is ideal to go ahead and make your investing into a separate business entity.

Do I need to pick my property before applying?

Yes. Lenders base the loan amount and their final decision on the property you hope to purchase, as well as its value.

While these are just a few of the questions you may have regarding hard money loans, these answers should help you understand your financing options. Keep this guide in mind when you approach a lender about being approved for a hard money loan.

Hard Money Loans

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