Vancouver-Washington

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

Vancouver-Washington

It would be nice if everyone could qualify for an excellent mortgage rate, but unfortunately, that is not the world we live in. There are a lot of reasons why people are denied getting a mortgage. However, hard money loans are an alternative that some people have taken advantage of to get the money they need for their mortgage.

What is a Hard Money Loan?

Just like everything else, you need to understand what a hard money loan actually is before making an informed decision on applying for one. There are a few different kinds of hard money loans that are available, but hard money loans are loans that are lent based on the collateral you have to put down for it. Usually, the collateral that is put down for the hard money loan is the property itself.

Lenders might still look at your credit before approving a hard money loan, but repayment is not their main concern. Some of the different kinds of hard money loans include:

  • Owner-occupied Loan – This type of hard money loan is designed for individuals that wish to purchase a property for themselves but have run into roadblocks with other types of financing.
  • Bridge Loan – This type of hard money loan is generally extended to people are planning on purchasing a property and reselling or refinancing it quickly. This is often used by people are waiting for payment from a sale on their current property.
  • Construction Loan – These are generally hard money loans that are extended to real estate developers who are preparing a new construction project.
  • Fix-and-flip Loan – This type of hard money loan is used when the individual plans to purchase a rehab property, which means a property they need to fix quickly before reselling it for a profit.

Benefits and Pitfalls of Hard Money Loans

Just like everything in life, hard money loans can be a good thing or a bad thing, depending on individual situations. A few of the benefits of getting a hard money loan include:

  • Lenient requirements – Unlike regular mortgages, hard money loans have fewer requirements for people to meet before being approved.
  • Flexible terms – Those that provide hard money loans are usually individual firms or private individuals, which means they are can easily create custom loans and terms for your individual situation.
  • Quick money – Most loans can take weeks or even months to be approved, but most hard money loans can be approved in a week or less, especially for real estate investors.

With benefits, there are always pitfalls that can counter them. It is what makes the difference between what type of loan you should apply for. A few of the pitfalls that you could encounter with hard money loans are:

  • Short terms – Unlike a regular mortgage loan that might extend to 30 years, a hard money loan has a shorter payback period, typically one to two years.
  • High-interest rates – Hard money loans come with a higher interest rate, because they considered more of a risk for the lender, due to the time restraints of the loan.
  • Higher Fees – Most lenders that provide hard money loans also have an array of extra fees that they charge for approving a hard money loan, like early-payment penalties, origination fees, or underwriting fees.

When to Consider Hard Money Loans and When Not To

Hard money loans are designed for individuals or businesses that deal with real estate as an investment. If you need money fast or have a poor credit score, a hard money loan might be the best option for you. However, if you are in a buyer’s market, hard money loans could cause more issues than necessary. Due to their high interest rates and high fees, generally speaking, it is best to go with another financing option if it is available.

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Hard Money Loans

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