Savannah-Georgia

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

Savannah-Georgia

If you’re looking for funding for short-term real estate deals, hard money loans are worth looking into. Hard money loans are short-term real estate loans extended to investors who are looking to make investments that they will hold for the short-term before reselling them. Hard money loans are very attractive to borrowers for their lenient credit criteria, their expediency when it comes to delivering the cash, and their flexible terms. While they can be great investment tools, there can be upsides and downsides to getting them. Check out below for some of the pros and cons of getting hard money loans.

Pros of Getting Hard Money Loans

They allow you to get your money quickly
Most traditional loans take anywhere from 30 to 45 days before you get your money. With a hard money loan, you get your money in as little as a week, often less. This makes them a great option for people who need to move quickly on fast-moving real estate deals.

They’re easy to get than other types of loans.
When a traditional bank is considering loaning you money, it looks at everything in your credit history. It will be on the lookout for things like bankruptcies and foreclosures, and it will take a hard look at your credit rating and your credit score. Hard money lenders will take a look at your credit, but that’s not what they’ll their decision on. They will lend you money based on the collateral you bring to the table, which in this case will either be the property that you’re intending on purchasing or property that you already own. These lenient terms make hard money loans an ideal option for people who have less than stellar credit ratings.

You can get more flexible terms with hard money loans.
Hard money loans are loaned by individuals or investor groups instead of traditional banks. This means that you can work directly with the lender to come up with more favorable terms for your loan. This sort of flexibility makes them a good choice for investors who might have unique buying situations.

Cons of Getting Hard Money Loans

They have high interest rates
Hard money loans have higher interest rates than other types of real estate loans, frequently going as high as 15 percent or higher. The reason that hard money lenders charge high interest rates is because there funding risky real estate loans that other lenders tend not to touch. Because they’re taking on this risk, they charge higher interest rates in order to cover their bases.

The industry doesn’t have federal oversight
The hard money loan industry does not have federal oversight. In the past, this meant that the industry was flooded with unscrupulous lenders who put borrowers in financial peril. The industry is a lot safer today, but you still need to do your homework to make sure that you don’t fall victim to predatory lending companies. Get recommendations from local real estate investment groups to see who other investors have gone to for loans. Do a simple Google search to check out the background of hard money lenders that you’re interested in working with. Do your due diligence to make sure that you’re not being taken advantage of.

There’s a large balloon payment due at the end of the loan period.
This is not necessarily a negative. A balloon payment is due at the end of the loan period because no payments are usually made during the month-to-month life of the loan. Many hard money lenders don’t require borrowers to make payments on the principal during the course of the loan. They may ask them to make interest-only payments or else no payments at all, instead opting for a single balloon payment at the end of the loan period,

The assumption is that the sale of the property will cover the amount that’s due. If the property sells, everyone is happy. If the property has not sold, this could spell trouble for the borrower if they don’t have a contingency plan in place. Contingency plans should include refinancing the loan if the property hasn’t sold.

Hard Money Loans

Need funding for your next project?

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