Sioux Falls-South Dakota

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

Sioux Falls-South Dakota

If you’re a real estate investor in the Sioux Falls, South Dakota area, we have new financing options available for you. Hard money loans take the guesswork out of deciding which property you should work on next. With our loans, you’ll have much greater purchasing power than with traditional methods of financing. Whether you’re interested in a bridge loan to buy a property with no money down or are interested in rehabilitating a property, you’ll find the perfect loan with us.

What is a Hard Money Loan and How Do They Work?

A hard money loan is a real estate loan that’s utilized by investors to purchase and rehabilitate a property to resell at a profit. These loans are very short in length with a term that’s typically about 12 months long or less. For more complex scenarios, some loan products will allow up to five years before they fully become due. Interest or balloon payment structures are common with these loans as are higher interest rates. This is due to the non-conforming nature of the loan and the convenience it provides. With a hard money loan, it’s not uncommon for application and settlement to occur within the same week.

Most borrowers are interested in these loans to finance rehabilitation efforts and the purchase price of the property. A bridge loan provides a very fast purchase with little to no money down. These loans are typically modified later to terms that accurately reflect the scenario.

A hard money loan focuses on the resale and current value of the property. The borrower’s ability to repay the loan is taken into consideration; however, it’s given much less weight than with a traditional mortgage loan. Since many real estate investors have complex financial situations, the flexibility makes hard money loans an attractive financing option.

How Do Hard Money Loans Differ from Other Bank and Finance Company Mortgage Loans?

A traditional mortgage loan is typically backed and funded by a government entity such as Fannie Mae. For this reason, strict underwriting guidelines are in place and must be adhered to. A heavy emphasis is placed on the borrower’s finances and ability to meet the obligation. This means that employment history, assets, income, and a sizable down payment are all requirements for approval. These loans are designed for buyers who are looking to retain the property for personal use or to rent it for monthly income. Hard money loans are for investors that have no interest in retaining the property beyond its purpose of making a profit. Although the two loans fund a real estate transaction, their similarities don’t go much beyond the surface.

What’s Required for a Hard Money Loan Approval in Sioux Falls, South Dakota?

At minimum, a property that can make a profit is required. The borrower should carefully select the property and check it against any recent appraisals or other information that may be publicly available such as tax records. Our company will typically obtain an additional appraisal and possibly a home inspection report. These reports are helpful to determine the value and anticipated value of the home after the work has been completed. Personal and business financial documents may also be requested at the time of approval.

How Do I Apply for a Hard Money Loan in Sioux Falls, South Dakota?

Applying for a hard money loan only takes a few minutes. You can reach out by phone or fill out our online loan inquiry form. Our loan representatives will contact you with all the details and discuss your options. From there, you’ll be able to proceed and get the funding you need for your new property. Check us out and see why so many Sioux Falls investors trust us with their real estate financing needs. We’ll be happy to get your loan started for you, today!

Hard Money Loans

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