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New Jersey 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


High LTV

We fund hard money loans up to 80-90% LTV with no issues.



We promise to treat you like a partner


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.

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.

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.

100% Funded!


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

Residential Real Estate
Commercial Real Estate

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

New Jersey New Construction Loans

New Jersey New Construction Loans
There are various reasons that business owners may want to expand. For instance, there are some business owners who no longer want to pay rent, so they want to construct a new building of their own. There are also business owners who need to expand but want to do so in the form of renovations.

Regardless of why business owners want to expand, commercial construction projects can be extremely costly. It may take thousands to millions of dollars to renovate or construct a building, and many growing businesses do not have the funds to cover renovation and construction projects out of pocket. This is where a commercial construction loan in New Jersey can be useful.

What is a New Jersey Construction Loan?
A commercial construction loan lets business owners use funds to complete construction or renovation projects. Business owners can use these funds to pay for materials, labor, and other expenses.

A commercial mortgage is made for business owners who want to buy existing commercial property, but a commercial construction loan is for business owners who want to renovate existing office buildings or construct a new building.

They are not like other loans. For instance, most traditional loans will issue the full loan amount to the borrower in one sum. When the borrower has been issued the loan, he or she is then responsible for paying the loan amount back to the lender. Most traditional loans require that borrowers make monthly payments over a fixed period of time.

Business owners who get commercial construction loans will not be issued the full payment at once. Commercial construction loans are made to disburse the funds over the course of the construction or renovation project. Borrowers will meet with their lender to agree upon a draw schedule. A draw schedule releases the funds after certain project milestones are completed. Many lenders will send an inspector to the site to ensure that the work was completed before the funds are released. The first draw may be when the land was cleared, and the second draw may be when the foundation of the building was poured.

With a commercial construction loan, the borrower is only responsible for paying interest of the amount that has been disbursed. For example, if a business owner takes out a construction loan for $250,000, but only $100,000 of the loan has been issued to the borrower, then he or she will only have to pay interest for $100,000. When the project has been completed, the borrower can pay the remaining principle with one payment. However, business owners can also take out a commercial mortgage if he or she doesn’t want to pay the entire principle at once.

What About Interest Rates?
With most construction loans for commercial properties, business owners should expect to have an interest rate that is between 4% to 12%. If borrowers have high credit scores, they will have lower interest rates.

Typical Eligibility Requirements for a New Jersey Commercial Construction Loan
There are many factors that can determine eligibility for a New Jersey commercial construction loan. While credit requirements will vary based on the lender, it is ideal to have a credit score in the high 600s if you are applying for a commercial construction loan. Another factor that will determine eligibility is your debt-to-income ratio.

When you are applying for a commercial construction loan, most lenders will want to see a plan that outlines each step of the construction or renovation project. Lenders will also want to see cost estimates for materials, labor, and other expenses.

Hard Money Loans

Need funding for your next project?

Complete Our Hard Money Loan Application
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