Hard Money Loans Santa Monica

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.

Jason

Founding Partner (Cut and Stitch)
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

Hard Money Loans Santa Monica

Santa Monica Hard Money Lenders

Delancey Street is a premier, and trustworthy, hard money lender. We fund hard money loans nationwide, and can help you get the financial assistance you need with your next residential, or commercial, property. We understand that many traditional lenders are probably rejecting your request – we’re here to help. We fund hard money loans fast. If we can’t help you – we’ll refer you to someone who can.
Finding a loan via a traditional lender can be a real pain, especially if you have a very poor credit history. With a very low credit score, it could take you weeks or months to be approved for mortgage. It doesn’t matter how urgent your need is – you’ll still have to wait. Hard money lenders, on the other hand, think about the collateral you are giving up as opposed to your ability to pay the loan back. If you neglect to pay back the hard money lent to you, the lender can seize the collateral and sell it to regain their initial investment.
Hard money is are most suitable and valuable to investors who want to renovate or improve a property property prior to selling it at a higher cost. Real estate investors generate an ROI and repay the borrowed cash within a short period of time. Hard money loans, like any other financial instrument, have their advantages and disadvantages.
How fast it takes to get funding
Santa Monica Hard money lenders aren’t worried about your credit rating. Hard money lenders are only concerned about the asset and will process your loan quickly if your collateral justifies the loan. It is important to note that hard money lenders are not always interested in taking possession of your property. They are fast because they spend less time checking your income, bank statement, along with other details. They only care about the potential value of your property. This is important to remember, because if the assessment of the property doesn’t justify the loan – then the lender won’t give you the loan. If you intend on selling the property after acquiring it, then the Santa Monica hard money lender will want to know the after repair value as well.
Flexibility
Unlike the traditional loans, hard money loans agreements and provisions are flexible. Rather than dealing with a large corporation, you will be talking to an individual who is prepared to assist you, and sculpt the loan to your individual needs.
Approval
When it comes to hard money loans, the lender is more concentrated about your collateral. Typically, hard money lenders will give you a loan up to a % value of the property. For example, it’s common for hard money lenders to offer a loan up to 60-70% of the value of the property. In the event you have other financial assets to place as collateral, the lender will also consider their value before approving the loan. Most lenders do not even look at your credit rating.
In terms of loan-to-value ratios, hard money lenders keep them to the minimum, with the maximum being between 50 and 70 percent. They do this to give themselves a better chance of getting their money back if they are forced to liquidate your property.
Accessibility
You can apply and get a hard money loan in a matter of days. This is great, especially for borrowers who need a loan – fast. Hard money lenders don’t run credit checks, and don’t have stringent guidelines unlike traditional lenders.
Disadvantages
Repayment period
Unlike the conventional loans that require longer to be paid, hard money loans are a a short term term lending instrument. This means that you will need to pay back the loan in the shortest period possible – otherwise, you risk the lender taking your property. If you do not meet this requirement, the lending institution will take the property and sell it to try and get back his/her money.
Increased expenses
In contrast to the traditional loans, hard money loans are more expensive. In addition to the loan origination, you’ll also pay closing and servicing expenses. If you take a hard money loan a loan, it may cost you 10 percent more than it might have on the standard loans. Obviously, hard money loans are much convenient.
The rate of interest for repaying the hard money loan can be high because the lenders are taking a risk by giving you the loan. The interest rates usually range between 9 and 14 percent.
Requirement of Equity
Before giving you a hard money loan, lenders ask that you provide a down payment of around 25-30 percent. This is supposed to function as an incentive to motivate you to stick to the agreement. It reduces the exposure the hard money lender has. For example, if market conditions deteriorate – the lender is still protected.
What’s next
If you are sure you need a hard money loan, we encourage you to contact us. We work fast, and try to give you an immediate answer on whether or not we’re interested in funding your request.

Hard Money Loans

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