West Covina-California

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

West Covina-California

If you invest in real estate in West Covina, you’re in luck. Our company is now providing hard money loans to complete more projects, faster. Hard money loans are a great solution for those who “fix and flip” properties or buy and resell them for a profit. Our company provides temporary financing at an affordable price to make this possible. Even if you’ve been turned down by traditional lenders such as banks and finance companies, we’ll most likely have a perfect match for you.

How do Hard Money Loans in West Covina, California Work?

Hard money loans provide temporary financing for investors seeking to buy, rehabilitate, and sell properties. A bridge loan is designed for those who need money fast but don’t have the money for a down payment. A rehabilitation loan provides investors with the money they need to purchase and make the necessary improvements to the home. Since these loans are collateral based, the borrower receives far less scrutiny when going through the approval process. Since many real estate investors get into complex transactions, this is a huge advantage for many. With our loans, you’ll never have to pass up a great opportunity again.

The mechanics of a hard money loan are much different than traditional mortgage financing. These loans are typically government backed, require insurance, a sizable down payment, and a thorough review of the borrower’s finances. For many real estate investors, time is of the essence and this is simply not a practical means of financing.

Hard money loans typically have higher interest rates than traditional mortgage loans and much shorter terms. Since the length of the loan is typically one to five years, a solid plan should be in place to rehabilitate the property and sell it quickly. Interest only, balloon payment, and other unconventional loan types are often utilized with this type of financing. For these reasons alone, hard money loans are unsuitable for an owner-occupied residence. While the cost of a hard money loan may be higher, the necessity of convenience far outweighs the small price that’s charged for many investors.

What Documentation is Required for a Hard Money Loan?

Since hard money loans are based on the home’s value before and after the improvements are made, the appraisal is the key document in this transaction. The appraisal must be recent and provide comparable homes that have recently sold in the area. A home inspection helps both the borrower and lender understand the extent of rehabilitation that the home will need. This is also important for avoiding costly repairs that may not be evident at first glance.

Credit, income, assets, and collateral play a part in any loan decision. While these items are considered, they’re given far less weight than they would be given with a traditional mortgage loan. Business financial and legal documents should be available for review, as well as, reasonable explanations for any questionable items that might surface. After the documentation is submitted, the loan is approved and scheduled for funding.

How Do I Apply for a Hard Money Loan in West Covina, California?

Applying for a hard money loan in West Covina is easy. Our company provides you with a fast application that can be completed in a few minutes. If you prefer, you can also apply over the phone with one of our loan representatives. After the information is reviewed, we’ll contact you with a pre-approval. Simply submit the documentation that’s requested in a timely manner and your loan will be funded as quickly as possible. At settlement, you’ll be able to ask any final questions and you’ll receive the funds to get your project started. Give us a call to see how we can help you with your real estate investments, today!

Hard Money Loans

Need funding for your next project?

Complete Our Application