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Tulsa 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

Tulsa Hard Money Loans

San Diego Hard Money Loans
Not all borrowers are either able to or have the desire to obtain a traditional mortgage. There are options for borrowers who cannot obtain a traditional loan. One of these potential avenues is called a hard money loan. In general terms, this is a loan that is backed by physical property as collateral. In some instances, these loans may be fast and convenient for borrowers who need access to capital quickly.
Traditional loans are dictated almost solely by a borrower’s credit history and their ability to repay the loan. Customers who have a checkered credit history are considered to be risky, and banks will hesitate to loan money to them. In addition, potential borrowers without a credit history are also considered to be risky by banks and will have difficulty getting loans. At the same time, banks will also look to a borrower’s income as evidence that they can meet their obligations to the bank. Assuming that a borrower can satisfy these two inquiries, they then have to wait for approval and for the loan to be executed. This can take a considerable amount of time, which can break a borrower’s ability to pursue a specific deal for which they would need credit.
Hard money loans present a way around nearly all of these challenges. The borrower will need to have a physical asset that they can use to secure the loan. The asset securing the loan is most commonly real property, but other types may be accepted. Lenders may vary on what types of property would be suitable to secure the loan. The physical asset is used as collateral, such that if the borrower defaults on the loan, title on the property will revert to the lender and the borrower will forfeit the property.
Hard money loans are suitable for certain types of borrowers. Given that their terms differ from traditional mortgages, most of these loans are for shorter durations than mortgages. The average duration of a hard money loan is from six to 24 months. Those who purchase and hold property for the short term are ideal candidates for this type of loan. Hard money loans are an alternative to other higher cost options such as a bridge loan or a short-term loan.
Borrowers can also obtain hard money loans more quickly than they could a traditional loan. In addition, since credit history is not an issue because the loan is secured, there are less paperwork requirements than a traditional loan would have. Ordinarily, paperwork requirements can slow the average loan down by weeks. However, hard money loans can be approved and executed in a matter of days with a minimum of documentation requirements. In fact, speed is one of the major selling points of hard money loans. Hard money lenders will typically give potential borrowers very quick decisions on whether they will extend credit. Most lenders will not conduct income verification since their is collateral. Borrowers can bid for a property knowing that they can have their financing lined up and ready to go with a minimum of red tape.
The fact that a hard money loan is secured also allows lenders to be creative and flexible in terms of structuring the loan. With these loans, payment schedules can be adjustable and flexible because the lender’s risk is covered by the collateral. Many lenders offer an interest-only option which can keep payments lower until the conclusion of the loan. There are hard money loan options for both residential and commercial purposes. The amount of credit that a borrower can qualify for is determined by the value of the collateral as opposed to the borrower’s credit history.

Hard Money Loans

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