Waterbury-Connecticut

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

Waterbury-Connecticut

Understanding Hard Money Loans
If you’re a real estate investor, you understand the difficulties sometimes associated with mortgage lending. It’s not always possible to get approved, even when you think your credit and income is up to par. Hard money loans are often the solution to this problem because they are an asset-based loan. In fact, some real estate investors have come to appreciate the ease and speed of hard money loans. Let’s take a closer look.

About Hard Money Loans

Whether you need a bridge loan, a fix-and-flip loan or a construction loan, there’s probably a hard money lender that can accommodate your needs. Hard money lenders are private companies and individuals who approve loans on an individual basis using criteria that’s less rigid. While traditional mortgage lenders look at credit and income as they determine your ability to repay the loan, hard money lenders are mainly focused on the value of your collateral.

If you want to buy a property now and either resell or refinance it, you can get a bridge loan. You can also use a bridge loan if you want to buy a property and get the cash down payment by selling a property that you already own. Fix-and-flip loans are for buying, fixing and reselling a property, then paying off the loan. A construction loan is for real estate developers to start a new construction project, then refinance or sell it quickly.

There is another loan option that’s far less common; the owner-occupied loan. This loan is for individuals who are unable to secure a traditional mortgage for a property where they intend to live. While there are some hard money lenders who provide loans for owner-occupied consumer loans, many do not because they can be a regulatory nightmare.

How Hard Money Loans Work

A benefit of hard money loans is that the application process is fast and loans can often be funded in less than a week. Borrowers will typically need to provide a cash down payment that’s based on the property’s Loan-To-Value (LTV) ratio or the After-Repair-Value (ARV) ratio. The term for hard money loans is 12 months to several years. You don’t want a lengthy term because of the high interest rates.

Depending on the loan type, you may only need to make monthly interest payments instead of monthly principal and interest payments. Every lender has different criteria. There are some loans that don’t require any payments until the maturity date, at which point you will make a balloon payment. This includes paying the principal, all of the remaining interest and any fees.

Is a Hard Money Loan Right for You?

Hard money loans have a short term, high interest rates and a lot of fees. Additionally, there is little government oversight, so you have to be careful about the lender that you select. When the loan matures, there could be a problem with refinancing because of the “seasoning” period of traditional mortgage lenders.

There are a few questions that you should ask yourself when considering a hard money loan. For starters, is there a less expensive loan option? If so, then your problem is solved. You also want to know if you are in a buyer’s market because this can make selling your property difficult.

Many real estate investors decide that the quick money, relaxed requirements and flexible terms are advantageous enough to move forward with a hard money loan. Sometimes it’s just a matter of using a hard money loan as a tool when an investment opportunity arises. Every situation is different, and by weighing the pros and cons, you can decide what’s best for you from a strategic standpoint.

Hard Money Loans

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