Hard Money Loans Scranton

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

Hard Money Loans Scranton

What makes a hard money lender different from a conventional lender
The biggest difference between banks and  hard money lenders is that hard money lenders are asset centric lenders. They look at on the asset associated with the by the person asking for the loan. But, traditional banks are fixated on the borrowers credit and how much cash the borrower has. It’s super important to remember hard money loans aren’t great for the long term. The objective of a hard money loan is to be a bridge loan that gets you the asset you are attempting to buy. Hard money lenders focus on 6-24 month termloans that reap greater ROI than leaving the money in the bank. If you are unable to repay the hard money loan, then the company you borrowed from can foreclose on your property in order to settle his/her loan.
Why shouldn’t you get a hard money loan?
There are many reasons reasons why a hard money loan is a bad idea. For instance, hard money lenders often charge higher interest rates. This is because of the fact lenders think they are taking substantial risks by lending on an investment property – and wish to be compensated accordingly. High interest rates make hard money loans unaffordable for some kinds of deals. Moreover, hard money lenders have shorter loan terms than conventional lenders – that also makes them unattractive. Traditional lender offer 30 year terms but private money lenders offer only 1-3 year terms.
Hard money lenders can help fund your next loan
Hard money lenders work a very specific group of people, i.e. real estate investors. Hard money lending is a form of bridge term lending, which is secured by property. Specifically, the people who use hard money loans are generally property investors – typically, people who are being denied a conventional loan as a result of stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a streamlined application system. They anticipate collateral and do not look at your credit score. They concentrate on your expertise, as opposed to your credit score. In case you have a checkered financial history, it’ll be easier to obtain financing by using a hard money loan rather than a conventional loan that’s granted based on your credit report. Below are situations where hard money lenders fill a void that conventional lenders do not touch:
Scranton Hard money loans can be used for fix and flip real estate investors
Most traditional lenders will not give you a loan to get a fix and flip job. If the house is in bad condition, or there’s some other abnormality with the house, then a traditional lender won’t give you funding. Additionally, most fix and flip prospective deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first offer. Conventional lenders take forever, so by the time the loan is approved – you’ve already lost the property since someone paid cash for it. If you have a hard money lender on your side who will close a loan in 5-10 days, you can get the fix and flip property.
Loans from private money lenders are great for consumers with poor credit
Most conventional lenders look at a borrower’s credit report. They look at your income and explore past delinquencies. It means that someone with a credit history will have a difficult time, and in some instances never get approved. When this happens to you, your only option is to work with a private money lender. While the interest rates for a hard money loan are higher than conventional loans – if the deal is still profitable, it might make sense to take the money.
Hard money can be used for Commercial properties
Many real estate investors who need a commercial real estate can get private loans from a commercial hard money lender. At Delancey Street, we fund commercial properties throughout the USA, with rates as low as 7 percent, with terms ranging from 6-24 months. We provide amazing client service, with no hidden charges, or bait and switch tactics. We don’t charge prepayment penalties, and there are no income requirements. There are no credit score requirements, and we have minimal paperwork. We offer commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and more. We’ve assisted with a wide spectrum of commercial real estate investors secure hard money for many different commercial properties. We work with real estate agents and hard money brokers that are trying to help their clients get a personal money loan. We’ve financed millions in commercial loans and can work with all kinds of borrowers. Underwriting a business hard money loan takes a whole lot of effort and takes a motivated team.

Hard Money Loans

Need funding for your next project?

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