Stamford-Connecticut Hard Money Loans

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

Stamford-Connecticut Hard Money Loans

The Basics of Hard Money Loans
Hard money loans are nothing new to experienced real estate investors. However, investors just starting out may not have an understanding of how they work. Some new real estate entrepreneurs often think hard money financing is borrowing money from shady companies who charge excessive fees and interest rates.

There was a time when unethical companies would intentionally charge outrageous fees and interest so they could foreclose on a real estate investment. Today, hard money lenders enjoy a better reputation since many new investors now recognize the role these loans play in the housing industry. To help new investors better understand how hard money loans work, this guide will cover the basics behind these loans and where to find this type of financing.

Explaining Hard Money Loans

Hard money loans are short-term financing with terms that are typically three years or less. The average term on these loans is 12 months. Instead of receiving funds directly from traditional banks, the funds come from private investors or companies that specialize in hard money financing. The real estate behind the investment is what lenders use as collateral for the loan.

Most banks lend borrowers money based on their ability to repay a mortgage. Hard money lenders offer loan amounts based on the value of the investment. In many cases, hard money loans are determined by the after-repair value of a home.

Borrowers must make monthly payments while there is an outstanding loan balance. However, most lenders only require borrowers to make monthly interest payments until the property is ready to sell. Once the borrower lists the property, hard money lenders require a balloon payment to pay off the principal balance of the loan.

Best Properties for Hard Money Loans

These loans are not for borrowers trying to buy a primary residence. Traditionally, hard money loans are for real estate investors who want to fix a property and sell it fast. The loans are popular among investors since banks typically do not lend money for investment purposes. If they do, it can take weeks or months for investors to receive the funds from the loan.

Investors use hard money financing to buy single-family homes, condos, multi-unit properties and townhomes. Sometimes people use these loans for land transactions such as buying a mobile home park in need of renovations. Investors also buy commercial and retail properties using these loans. A hard money lender will fund any real estate transaction as long as the deal makes sense, so there is no limit to what type of investment property someone can buy.

When to Use Hard Money Loans

When investors want to act fast on a real estate deal quickly, they often turn to hard money financing. Many times these loans fund within in a week or less, which gives an investor a chance to act quickly on a deal with several competing offers. When an investor receives an approval, they can present an all-cash offer that may stand out among sellers. If an investor relies on bank financing to act on a deal, they may have to wait 30-45 days before they receive the funds. By the time the funds arrive, a good deal with multiple offers is probably long gone.

When Not to Use a Hard Money Loan

A potential homebuyer with good credit, a big down payment and a solid income history should stick with a traditional mortgage. Hard money financing is not an ideal loan option for someone who wants to buy a primary residence. When compared to hard money loans, traditional mortgages offer far lower interest rates, fees and much longer loan terms.

Hard Money Loans

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