Salt Lake City-Utah

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

Salt Lake City-Utah

If you’re a real estate investor in Salt Lake City, Utah, we have great news for you! Our company has recently begun making hard money loans available to finance your projects. This means that you’ll have quick access to funds, so you won’t have to pass up any exciting opportunities. Our loans fund within days rather than weeks and we offer many different programs. Even if you’ve had trouble qualifying through private investors, banks, or other finance companies, we can help. Our dedicated, professional staff has experience in handling all different types of real estate investment transactions.

What is a Hard Money Loan and How Will it Help Me?

A hard money loan provides you with a loan to purchase, rehabilitate, and resell a property for a profit. Bridge loans allow you to jump on an opportunity to purchase a property without having a down payment. The loan is then converted or paid off later. This means that you’ll be able to take advantage of more opportunities to increase your bottom line.

Hard money loans are typically one to five years in length and are structured differently than a traditional real estate loan. A hard money loan will offer you the opportunity to make a monthly minimum payment that’s much lower than you’d pay on a traditional mortgage. This is through interest only, adjustable rate, and balloon payment loans. Since these loans are designed only to be utilized for a short period of time, the investor should be focused on reselling the property as soon as the improvements are made. In the same respect, these loans aren’t appropriate for owner or tenant-occupied properties.

With a hard money loan, the focus is on the collateral rather than on the borrower’s personal finances. This helps many investors who may have credit issues, limited assets, or multiple projects. Although these loans are collateral based, the information is still reviewed by our underwriter. Borrowers that have a better handle on their finances typically qualify for more favorable terms and interest rates.

How Does a Hard Money Loan Compare with Traditional Mortgage Financing?

Traditional mortgage financing is a great tool for those who intend to remain in a property, use it as a vacation home, or rent the property to tenants. Personal involvement is required with these types of loans. Since they’re government backed, the underwriting criteria is also much less flexible than with a hard money loan. Credit scores, income, employment history, and assets weigh heavily in the decision-making process. Many investors will find that this is simply an impractical route for a property that’s to be resold. Also, without a sizable down payment, you’ll be required to purchase mortgage insurance. This insurance can add a significant amount to your monthly payment. Hard money loans aren’t subjected to these regulations although they’re still subjected to governmental lending standards.

What Information is Needed to Apply for a Hard Money Loan in Salt Lake City?

A property selection is the minimum amount of information needed to apply for a hard money loan in Salt Lake City. If available, any other information that would support the current value of the home is helpful. A recent appraisal with comparable home sales in the area is the best documentation. It’s also helpful to purchase a home inspection so you’ll be aware of any serious issues that must be addressed with the loan. Estimates are also useful to determine the approximate cost of the repairs that will need to be completed. Either way, an updated appraisal, credit reports, and other documentation will be ordered by our company.

How Do I Apply for a Hard Money Loan in Salt Lake City, Utah?

Applying for a hard money loan is easy. Simply complete the online loan inquiry form or give us a call. We’ll reach out to you and go over all your options. Before you know it, you’ll have the funds in hand. Get in touch with us to see how we can help you get started with your new investment, today!

Hard Money Loans

Need funding for your next project?

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