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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

~
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.

Kevin Johns

~

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

California

Are you a business owner who wants to expand in California? Maybe you would like to move from a rental office space to owning your own building, or are you interested in making renovations to your current office building? If you are planning your next steps toward expansion, you may want to consider a commercial business loan.

Many growing businesses need to make renovations and expansions to be successful, but new construction projects can cost thousands to millions of dollars to complete. Many businesses don’t have the cash to cover the cost of new renovations and construction projects. In these circumstances, a commercial construction loan can be helpful.

What is a Commercial Construction Loan?
A commercial construction loan is used to help California business owners cover the costs of constructing or renovating a building. The funds from a commercial construction loan can be used to pay for materials, labor, and even purchasing the land for a new building.

A commercial loan isn’t a commercial mortgage. A commercial mortgage is made for business owners who want to purchase existing office properties. A commercial construction loan is for business owners who want to construct a new building or make renovations to an existing building.

Commercial construction loans are different than traditional loans. With traditional loans, the borrower will be issued one lump sum. After the funds have been disbursed, the borrower is responsible for paying back the loan, which is usually under monthly payments. Traditional loans have a payment period of at least 10 years.

With a commercial construction loan, the funds will be disbursed throughout the construction project. When you are taking out a commercial construction loan, you will meet with the lender to establish a draw schedule. A draw schedule will allow funds to be disbursed at the end of each project milestone. For instance, the first draw may be after the contract has been signed to purchase the land, and the second draw may be after the foundation has been poured. In most circumstances, the lender will send an inspector to the project site to confirm that the milestone has been completed. This process will be continue until the project is completed.

Another difference between a commercial construction loan and a traditional loan is how they are repaid. A commercial construction loan only requires that the borrower pay on the interest of the money that has been disbursed. For instance, if a business owner took out a commercial construction loan for $550,000, but he or she has only been paid $200,000 of the total loan amount, then the borrower will only have to pay for the interest on $200,000. Business owners with good credit will have lower interest rates when it comes to commercial construction loans.

Once the project has been completed, the borrower can pay the remaining principle in one sum, but there are other options for borrowers of a commercial construction loan. If a business owner doesn’t want to pay the full amount, then he or she can opt to take out a commercial mortgage. A commercial mortgage uses the property as collateral and enables the borrower to pay the commercial construction loan with the funds from the commercial mortgage. This allows borrowers to make fixed monthly payments that are more affordable than paying the principle balance at once.

Be Prepared When You Apply!
If you are applying for a commercial construction loan, you should have a business plan prepared to let the lender see each step in the construction project. In addition, lenders typically ask for cost estimates of labor, materials, and other materials.

Hard Money Loans

Need funding for your next project?

Complete Our Hard Money Loan Application
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