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Hard Money Loans Williamsburg

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

Hard Money Loans Williamsburg

What differentiates Williamsburg hard money lenders from regular lenders?
The biggest difference between traditional lenders and  hard money lenders is that hard money lenders are asset based lenders. They entirely revolve their decision based on on the collateral associated with the hard money loan. But, traditional lenders hone in on the borrowers credit and how much money the potential borrower has. It is critical to remember hard money loans aren’t great for the long term. The objective of a hard money loan is to be a bridge loan that gets you the real estate you’re trying to purchase. Hard money lenders focus on 6-24 month termloans that generate greater ROI than leaving the money in the bank. If you fail to pay the lender back, a hard money lender can take over your property to be able to repay his/her loan.
What are some negative of hard money
There are many reasons reasons why a hard money loan is a bad idea. For example, hard money lenders often charge higher rates of interest. This is due to the fact hard money lenders think they’re taking substantial risks by lending on an investment property – and wish to be reimbursed according to the level of risk. High interest rates make hard money loans unaffordable for some types of deals. In addition, hard money lenders have shorter terms than conventional lenders – which also makes them unattractive. Traditional lender provide 30 year terms but hard money lenders offer only 1-3 year terms.
Hard money lenders can help finance your next deal
Hard money lenders serve a very specific group of people, i.e. property investors. Hard money lending is a form of short term financing, which is secured by real estate. Specifically, the people who use hard money loans are generally real estate investors – typically, those who are being denied a traditional loan as a result of stringent guidelines.
Hard money lenders exist since they’re fast, and offer loans with little to no headaches. Hard money lenders have a smooth application system. They expect collateral and do not look at your credit rating. They concentrate on your expertise, rather than your credit worthiness. In case you have a bad financial history, it’ll be easier to obtain financing by using a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are situations where hard money lenders fill a void that traditional lenders don’t touch:
Williamsburg Hard money loans can be used for repair and flip real estate investors
Most traditional lenders will not offer you a loan to get a fix and flip project. If the home is in poor condition, or there’s some other abnormality with the home, then a traditional lender will not give you funding. Additionally, most reverse and fix potential deals”go fast.” The seller is very motivated to sell the property, and will accept the first deal. Traditional lenders take forever, so by the time the loan is approved – you’ve already lost the property since someone paid cash for it. If you have a hard money lender on your side who will close a loan in 5-10 days, you can find the fix and flip property.
Hard money loans are bridge loans
From time to time, your project goes over-budget and because of this you require additional funding. Some conventional lenders will deny, because the job isn’t completed. While this can be devastating, a hard money lender may be willing to lend you the money. Hard money lenders are happy to provide money to bridge the gap in financing, and can work with you to fill that void.
Hard Money Loans Can Be Used For Commercial Real Estate Investments
Many real estate investors who want a commercial real estate may get private money loans from a commercial hard money lender. At Delancey Street, we fund commercial properties throughout the USA, with rates as low as 7 percent, with terms ranging from 6-24 months. We offer great customer service to our clients, with no hidden charges, or bait and switch tactics. We do not charge prepayment penalties, and there are no income requirements. There are no minimum FICO scores, and we have minimal paperwork. We offer commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and more. We’ve helped a wide array of commercial property investors secure hard money for many different commercial properties. We work with real estate brokers and hard money brokers that are trying to help their clients receive a private money loan. We’ve financed millions in commercial loans and can work with all kinds of borrowers. Underwriting a commercial hard money loan requires a whole lot of effort and takes a motivated team.

Hard Money Loans

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