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Secaucus Hard Money Lenders

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

Secaucus Hard Money Lenders

What distinguishes Secaucus hard money lenders from normal lenders?
The critical difference between traditional lenders and  hard money lenders is the fact hard money lenders are asset based lenders. They entirely revolve their decision based on on the collateral associated with the funding request. In contrast, traditional banks are fixated on the borrowers credit and liquidity. It is very important to remember hard money loans aren’t great for the long run. The purpose of a hard money loan is to be a short term loan that gets you the investment property you’re trying to purchase. Hard money lenders focus on short term loans that reap greater ROI than leaving the money in the bank. If you fail to repay the loan you took, then the company you borrowed from can take over your property to be able to settle his/her loan.
When’s a good time to consider getting a hard money loan
Hard money loans serve as investment tools by investors. Here are some examples where hard money is good, such as:
Not able to find financing elsewhere. Funding real estate investments is complicated. Traditional mortgages are tough to acquire under normal situations. Banks are very careful of extending a loan for real estate investments, instead of loans for primary residences. Because of this, if you’re looking for investment capital – then get a hard money loan.
You’ve got a poor credit. Hard money loans are based off the collateral of their investment, not your ability to repay. Loans made to consumers – as opposed to hard money lenders – revolve around how likely it is you will repay the loan. This means in case you’ve got a poor credit history or no steady income – then you might not get approved for a loan. You need funding. Private money loans are great so you can get money ASAP. Conventional loans take time. Hard money is extremely fast. If you will need to capitalize on an opportunity immediately, then you can get a hard money loan. If you can wait a few weeks, then it’s better to find a hard money loan.
Hard money lenders can help finance your next loan
Hard money lenders serve a very specific group of people, i.e. property investors. Hard money lending is a type of short term lending, which is secured by real estate. Specifically, the people who use hard money loans are typically real estate investors – typically, people who are being denied a traditional loan due to stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a fast application system. They expect collateral and do not look at your credit score. They focus on your expertise, as opposed to your credit worthiness. In case you have a bad financial past, it will be easier to obtain financing with a hard money loan rather than a conventional loan that’s granted based on your credit report. Below are scenarios where hard money lenders fill a void that conventional lenders don’t touch:
Secaucus Hard money loans can be used for fix and flip real estate investors
Most traditional lenders will not offer you a loan to get a fix and flip project. If the home is in poor condition, or there is some other abnormality with the home, then a traditional lender will not give you funding. In addition, most reverse and fix prospective deals”go quickly.” The seller is very motivated to sell the property, and will accept the first offer. Conventional lenders take forever, so by the time the loan is approved – you have already lost the property because 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 find the fix and flip property.
Hard money loans are good for people who don’t have great credit
Most run of the mill lenders look at a borrower’s credit report. They verify your income and explore past activities. This implies that someone with a credit score will have a challenging time, and in some cases never get approved. If this occurs, your only option is to work with a private lender. While the rates of interest for a private loan are higher than traditional loans – if the deal is still profitable, it may make sense to take the money.
Hard money gives you leverage
If you are a real estate agent, more funds means more deals. By using outside hard money, you can get involved in more simultaneous deals that would otherwise be impossible. Traditional lenders look at your overall debt to income ratio, and won’t give you a loan if they believe you owe too much money. In contrast, a hard money lender doesn’t care about your income, nor do they care about your existing debt. The one thing a hard money lender will care about is the value of your property. Hard money loans are great for developers who need funds to get their project started but aren’t a fantastic fit for conventional lenders. Remember, traditional lenders aren’t interested in taking on extra risks – they legally aren’t allowed to after the 2008 crash. Hard money loans can close faster than conventional loans from a bank, which allows you to move faster. Many sellers will be flexible on their cost and ready to cut you some slack – if you can show you have funding approved. Many real estate investors that rely on traditional lenders cannot move fast due to delays because of the cumbersome guidelines traditional lenders have. Speed and unlimited money, is why hard money is great.

Hard Money Loans

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