Sunnyvale-California 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

Sunnyvale-California Hard Money Loans

While you may have been under the impression that the “hard” in hard money loans referred to the application process, you would be wrong. Hard money loans are easy to qualify for and lenders approve the funds faster than you might think.

Getting a Hard Money Loan

Hard money loans are likely the most flexible financing option when it comes to real estate investment. As most of the lenders of hard money loans are private individuals, investors will find that there is a distinct variability in the type of borrower a lender is looking for.

As long as you have some sort of property for collateral, most lenders will be happy to do business with you. While they may review your financial situation, it is likely that this won’t affect their decision regarding lending you a loan. Another important detail to note is that while lenders may or ask about your credit score, some require that a down payment be made upfront.

Interest, Additional Fees, and the Final Payment

With the ease of the hard money process, investors should still exercise caution. Borrowers must always keep the repayment process of the loan in mind when applying for a hard money loan. Most investors that have had poor experiences with hard money loans did so because they failed to fully understand all the details of repaying the loan.

With regards to paying a hard money loan back, investors should expect to pay three things: the interest, additional fees, and a balloon payment. While every lender won’t have the same pricing structure, the following are the basic expenses investors should keep in mind:

  • Interest rates

    Looking into a hard money loan but afraid of the interest rates? You’re not alone. Most investors that are weary of hard loans don’t understand how the interest rates affect the costs of the loan.

    Though many hard loans have credit card-esque interest rates, investors must take into account the other details. Hard money loans are mostly short-term, so the interest rates are only charged during that specific period of time. In contrast with other interest rates, hard money loans aren’t that much more expensive than other financing options.

  • Additional fees

    Fees for hard money loans will vary from lender to lender, but many investors should expect to pay one or all of the following early-payment penalties, construction draw fees, origination fees, or underwriting fees. As many of these fees are meant to catch you by surprise, you need to ask your lender upfront whether or not they will charge other fees in addition to the interest and the final payment.

  • Balloon payment

    If you’ve used other methods of financing before, it’s likely that you expect to pay off the loan with individual payments throughout the term of the loan. However, this isn’t typically the case with many hard money loans. Instead of making interest-only payments as an individual might with a standard 30-year mortgage, hard money loan lenders in Sunnyvale, California often require a balloon payment once the loan is due.

Investors that aren’t prepared for this process will likely be caught off guard by the triple whammy of the balloon payment, interest, and additional fees. To better prepare for the repayment of the loan, investors should make plans to either refinance their loan with a traditional mortgage or other refinancing program, extend the life of their loan (at an additional expense), or sell their property.

If all else fails and an investor is unable to pay the loan back, they should speak with their lender. Under certain circumstances, a lender may be willing to work out a solution for that individual. However, if no resolution is reached, the lender will likely foreclose upon the property.

Hard money loans are an invaluable resource to many investors. Ready to see how hard money loans can benefit your business? Make the decision to speak with a lender today.

Hard Money Loans

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