Roseville-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

Roseville-California

Understanding Hard Money Loans – Roseville-California
When it comes to real estate financing, people have different needs. If you are unable to qualify for a traditional mortgage and need to find another solution, a hard money loan is worth consideration. Hard money loans are for the purchase of real estate and they are often used as a tool by real estate investors who experience mortgage problems. The information below provides insights into this loan product.

Hard money lenders are private individuals and companies. As lenders, they are unique because they assess each loan application and make a decision based on the individual situation as opposed to standard requirements or a rigid checklist. This means they are often more willing to provide a custom loan product that fits your needs.

Types of Hard Money Loans

The decision-making process for hard money loans primarily involves an assessment of your collateral as opposed to your ability to repay the loan, which is distinctly different from bank loans. There are a variety of different kinds of hard money loans, such as the bridge loan, fix-and-flip loan, owner-occupied loan and construction loan.

The bridge loan will let you buy a property that you intend to resell or refinance. The fix-and-flip loan is a good option if you want to buy and fix up a property to sell, at which point you will repay the loan. There’s also the less common owner-occupied loan that’s for consumers who are unable to quality for other types of loans. The construction loan is for real estate investors who are starting on a new project and intend to either refinance or sell the property.

How Hard Money Loans Work

Hard money loans are primarily for real estate investing, which means the owner-occupied loans are less common, although they are provided by some hard money lenders. It’s been reported that 90 percent of hard money lenders do not offer consumer loans in some states. Hard money lenders shy away from owner-occupied loans because they are more complicated as a result of different regulations for consumer loans, such as the Dodd–Frank Wall Street Reform and Consumer Protection Act and certain licensing requirements.

The loan term for hard money loans is typically 12 months, but sometimes the term can be a couple of years. A benefit of hard money loans is that you are only required to make monthly interest payments instead of monthly payments on the principal and interest. Interest only payments, coupled with fast financing are two of the reasons why borrowers find hard money loans appealing.

Typically, hard money lenders require you 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. For example, if you want to purchase a property for $150,000, you might be required to put $30,000 down. Each hard money lender has different criteria. When it’s time to pay off the loan, you’ll make a balloon payment that will cover the principal, any remaining interest and all fees.

Hard Money Loans versus Bank Loans

Perhaps the only similarities between hard money loans and traditional bank loans is that they are used for real estate and often have similar underwriting standards. Otherwise, they are very different mortgage loan products. Hard money loans are unique in that the repayment period is short, interest rates are high and they can sometimes have hidden fees. These are some of the undesirable aspects of hard money loans.

There are beneficial aspects of hard money loans, such as the relative ease of getting approved. Hard money lenders often overlook poor credit, foreclosures, bankruptcies and other challenges that usually preclude a person from getting a traditional bank loan. Hard money lenders tend to focus more on the value of your collateral as opposed to your credit rating and income. Yet another reason why a hard money loan is sometimes an attractive option.

Hard Money Loans

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