West Valley City-Utah

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 Valley City-Utah

Most investors and individuals that are new to hard money loans find it difficult to believe that they can easily qualify for cash with a hard money loan. Though the benefits may seem too good to be true, hard money loans are often the best way to finance real estate investments and property purchases.

Hard Money Loan FAQ’s

Need to learn more about the inner workings of hard money loans? With the pros and cons of hard money loans and other financing options, you need to make sure that your financing choices will help you in the long run. The following questions and answers will help you better understand how hard loans can help you:

Do hard money lenders need to see my repayment plan?

While hard money lenders in West Valley City, Utah won’t necessarily consider the state of your finances or credit when approving you for a loan, they will want to make sure you have been planing out how you will pay them back. Due to the fact that hard money loans are given to investors based on their collateral rather than any ability to repay, giving someone with no repayment plan a loan is quite a big risk.

Whether or not the lender asks about your plan to repay them, you should already have some idea of how you will handle the final payment. Most people that haven’t used hard money loans before don’t realize that they are expected to pay the loan back in one balloon payment. If you don’t want to be caught off guard by such expenses, you should research your options for repaying loans as well.

What is required to make the final balloon payment?

For other financing options, investors may use their steady stream of income or rental fees to pay back the loan. This sort of plan won’t be feasible in paying off the balloon payment for a hard money loan. Even if you tap into this to accumulate cash to repay the lender, you will need a solid plan for repaying the loan, fees, and interest all at once.

Most investors pay off their balloon payment by selling their property. If you aren’t able to find a buyer by the time the loan is due, you will need to ask the lender to extend the loan or you’ll need to refinance it through other means. If you fail to do any of the above, you will likely find that the lender will foreclose on your property.

Be sure to speak with your lender about the repayment process before you accept the loan. They can likely advise you on what you should prepare for. If the loan is due and you find that you can’t pay it back, you should speak to the lender immediately to see if there is some other solution.

Can the hard money loan be used to fund the remodeling costs for the property?

If you intend to fix-and-flip or completely overhaul the property for any other reason, you can certainly use the loan to do so.

Lenders will ask you to provide them with the ARV (after-repair value) so that they can give you an adequate loan that will cover the cost of the repairs. Some other lenders may separate the costs of the repair and the property. The latter lenders will allow you to withdraw the repair money after submitting paperwork detailing the estimates. You’ll be able to access this money through a construction draw.

If hard money loans are the difference between you making your next property purchase, the answer seems obvious. Speak to a lender today if you think that a hard money loan is the right option for your next investments.

Hard Money Loans

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