Salinas-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

Salinas-California

Understanding Hard Money Loans – Salinas-California
When a loan from a traditional mortgage lender doesn’t work for you, a hard money loan is another option. While it would be nice if there was always a traditional loan that fit everyone’s needs, that isn’t the case. In fact, there are times when a lot of income and a high credit score just won’t suffice. If you’re considering a hard money loan, you’ll want to understand what’s involved, so let’s go over some of the details.

About Hard Money Loans

As an asset-based real estate loan, hard money loans consider the value of your property, as opposed to your ability to pay. Not that your financial standing is insignificant, it just isn’t necessarily the determining factor. In fact, hard money lenders are private individuals and organizations that consider the merits of each loan as opposed to following a checklist of requirements. This is partially why there’s a greater chance of being approved.

Fix-and-flip, bridge, construction and owner-occupied are examples of hard money loans. A fix-and-flip loan is for buying and fixing a rehab property to resell, and then pay off the loan. A bridge loan can work if you want to buy a property now and then refinance or resell it as soon as possible. You can also use a bridge loan to buy a property prior to getting the cash for a down payment from selling a property that you presently own. A construction loan will let a real estate developer get started on a new construction project that they intend to refinance or sell immediately.

While the previously mentioned loans are for real estate investment purposes, there are a handful of hard money lenders that offer owner-occupied consumer loans. However, a large percentage of them won’t get involved with consumer loans because of the additional regulations involved, such as Dodd-Frank. There would also be certain licensing requirements.

A Closer Look at Hard Money Loans

One of the reasons real estate investors find hard money loans appealing is because the application process is easy and the response time can be less than a week, in some cases. Generally speaking, borrowers must have a cash down payment that’s based on the Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio.

Hard money loans are notoriously short term, typically from 12 months to several years. Since the interest rates tend to be high, you wouldn’t want a long-term hard money loan. Monthly payments for hard money loans are often interest only instead of principal and interest. There might even be an option to have zero payments until the end of the term when you make the balloon payment. The balloon payment will include bringing the loan to a zero balance by paying the principal, remaining interest and all fees.

How Hard Money Loans Are Different

There are few similarities between hard money loans and traditional bank loans. Hard money loans have high interest rates, which means you’ll pay more in interest charges than you would for a traditional mortgage. Sometimes there are a lot of fees, such as origination and underwriting charges, among others. As previously mentioned, the loan period is very short, typically not more than a few years. There’s also a possibility that you could have a hard time with refinancing because of traditional mortgage lending requirements. Another area that might be concerning to some is that there is little government oversight of hard money loans.

Despite the cost of hard money loans, there are advantages that sometimes mitigate concerns. Hard money loans provide you with fast money, the requirements are relaxed and the terms are flexible. These are all benefits that can enable you to access real estate investments when there is no other option

Hard Money Loans

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