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Montana New Construction Loans

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.

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

Montana New Construction Loans

New construction loans for businesses in Montana are usually funded by a commercial construction loan. There are several types of commercial construction loans and different types of lenders. The construction process is lengthy and usually incorporates a commercial construction loan and a commercial mortgage to pay off the construction loan.

Commercial Construction Loan vs. Commercial Mortgage

Characteristics of a Commercial Construction Loan:

  • Short terms
  • Lengthy application process
  • Disbursed on a draw schedule
  • Draws are released after an inspection of the milestone
  • Payments tend to be on interest until last payment is disbursed

Characteristics of a Commercial Mortgage Loan:

  • long-term loan
  • bulk sum used to pay for existing property
  • low interest and monthly payments

Interest rates and fees for a commercial construction loan are determined by the lender and the type of lender or loan. Some fees for a commercial construction loan are documentation fees, guarantee fees, project review fees, fund control fees, and processing fees.

The requirements for a commercial construction loan include a down payment of 10% to 30%. Credit scores and financial documents are needed for review. Most lenders want to see the borrower have a debt to income ratio under 43%. Lenders may have stricter policies on the debt to income ratio and credit scores below 700. A lender will also review industry experience and construction plans. When the lender agrees to lend the funds, a draw schedule is made with the borrower.

Types of Commercial Loans for Your Business in Montana

The Small Business Administration offers two types of loans to businesses that want new construction to expand. The CDC/504 loan is for 10 to 20 years and has a fixed interest rate based on the US Treasury rates. Anyone that owns over 20% of the business needs to make a guarantee. The maximum amount for this loan is five million. The 7(a) Program has a term of up to 25 years. This program is used for buying an existing property or construction for a business. The most loaned to a borrower with the 7(a) Program is also five million.

A bank loan is a traditional commercial construction loan. The interest rates and fees are determined by the lender and the review of your application. A commercial mortgage is usually used to pay the construction loan at the end of the construction project. This gives the borrower the ability to have lower monthly payments over a longer period.

If a borrower needs a loan to meet the down payment requirements, a mezzanine loan has lower qualifications and helps bridge the funding gap. The interest rates higher than a traditional loan and if the borrower defaults the lender gets equity in the business.

Hard money loans are short-term loans that are easy to qualify for when one wants a short-term construction loan. These loans have a higher interest rate but usually, have a shorter application process.

Applying for a commercial construction loan is sometimes a prolonged process. Lenders will want financial information, detailed information about the construction process and other paperwork as they determine if they will fund the project. It is important to look at all areas of funding since you will have the time to look for funds while your application is under review.

Hard Money Loans

Need funding for your next project?

Complete Our Hard Money Loan Application
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