Springfield-Massachusetts

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

Springfield-Massachusetts

Understanding Hard Money Loans – Springfield-Massachusetts

When a traditional mortgage loan is not an option, real estate investors and developers often depend on hard money loans to fund their projects. It’s simply a fact of life that traditional mortgage loans don’t always work out during a real estate purchase. There are even instances when a high credit score and plenty of income will not meet the requirements of a traditional mortgage lender. If you have considered whether a hard money loan can work for you, keep reading to gain insights into this mortgage loan product.

About Hard Money Loans

As an asset-based loan, hard money loans are made based on your property as collateral and hard money lenders are less concerned with your ability to repay the loan. Hard money lenders are individual investors and investment firms who assess each loan to make a lending decision. The criteria is much different than that of traditional mortgage lenders who are often required to follow standard and more rigid requirements.

Hard money lenders typically make concessions for issues like poor credit, bankruptcies or foreclosures. They are able to do this because there is collateral involved. There are different types of hard money loans, such as the fix-and-flip loan, bridge loan, owner-occupied loan and construction loan. Owner-occupied loans are less common because they require adherence to far more regulations, which can become a regulatory nightmare for hard money lenders as they end up having to comply with Dodd-Frank and require certain licensing when providing consumer loans.

If you want to buy a property fast and then resell or refinance it, a bridge loan might be the right solution. You can also use a bridge loan if you want to buy a new investment property now before you get the cash down payment by selling a property that you already own. Fix-and-flip loans let you buy a fixer-upper to resell, then you can pay off the loan. Real estate developers are able to use construction loans to start a new construction project, then sell it or refinance it.

How Hard Money Loans Work

The reason why hard money loans often appeal to real estate investors is because the application process is both fast and easy, which is something that just isn’t the case with traditional mortgage lending. There’s a chance that it could take less than a week to get financing through a hard money lender. Borrowers will usually have to bring cash for a down payment that is a function of the Loan-To-Value (LTV) or After-Repair-Value (ARV) ratio.

One of the biggest differences between a traditional mortgage and a hard money loan is that they are for a short period of time, which can be from 12 months to several years. As opposed to making regular principal and interest payments each month, borrowers will often make interest only payments. There’s even a possibility that you won’t make any payments at all. Just keep in mind that every hard money lender is different and their requirements vary to a large degree. When the loan matures, you will bring it to a zero balance by making a balloon payment. This final payment will include the principal, any remaining interest and all fees.

Is a Hard Money Loan Right for You?

If you’re considering a hard money loan, you should know that they have high interest rates, extremely short terms and often a lot of fees. There’s also very little government oversight for these types of loans. Additionally, you could have problems refinancing the loan since traditional mortgage lenders require what’s called a “seasoning” period. This means you’ll need to have the loan for a certain period of time before it can be refinanced. Despite the nature of hard money loans, many real estate investors and developers use them effectively as a tool for funding their projects.

Hard Money Loans

Need funding for your next project?

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