If you’re in the Cannabis industry, you probably already know that it’s difficult to get funding. Most traditional lenders won’t touch you – period. Delancey Street is a premier Cannbis real estate lender that offers private money to help fund your next acquisition. If you’re in need of funding for your next project, we’re here to help. As a nationwide hard money lender, we excel at offering competitive and fast funding for all Cannabis business expenses you have. Whether you need bridge funding, or long-term funding, we can help. Our biggest selling point is the fact we firmly believe in creative financing. We’re not looking at your credit score, or some other generic set of guidelines. We look at you, the business, and what you can realistically achieve.
Understanding Hard Money
A hard money lender, as the name suggests, is an individual or company that provides funding on a short-term basis to investors without the complicated and time consuming requirements.
When a real estate investor wants a loan without mounds of paperwork or hassles usually associated with getting a business or investment loan, a hard money loan is a great option. It is important to keep in mind that not all hard money lenders are created equal. The following are factors that you should keep in mind when looking for a hard money lender to fund your next project:
Credibility and Experience
When deciding on a private money lender it’s crucial to check the experience and credibility of the individual or company. You want someone who will work closely with you to ensure that your project goes as planned.
A quick background check can be helpful in helping you make an informed decision.
Loan Approval Process
Another important factor to consider approval of the loan requested. It is essential for you to know about the application process and the time limit involved. As an investor choosing a hard money loan, you likely want a lending procedure that is simple and hassle-free. You also want the process to be handled swiftly. You should, therefore, look for a hard money lender who has an established history of providing prompt and fast application approval.
Flexibility in Payments
Payment plans are a huge factor when looking for a hard money loan. You want a loan that comes with flexible payment plans, keeping in mind that this type of loan is available mostly on a short-term basis.
The above-mentioned factors are some of the things you should take into consideration when looking for a hard money lender for your investment project.
We Can Help You
Hard money loans offer many benefits to cannabis business owners who need funding to continue their business’ growth. Contact us right away to get started on your way to getting the funding you need for a successful investing venture.