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

High LTV

We fund loans up to 80-90% LTV with no issues.


We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

8.99 %
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

11 %
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

9.0 %
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

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:

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.

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