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Oklahoma 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

~
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

Oklahoma New Construction Loans

Building a business is exciting. In order to maintain professionalism, it’s important to have the right piece of property. You may need office space, an amazing storefront, or a significant amount of warehouse space. Whether you want to stop renting or you want to build something from the ground up, it’s going to require capital.

You likely don’t have hundreds of thousands of dollars upfront for a construction project. However, there are options for you in Oklahoma. At Delancey Street, we have creative funding opportunities with a network of investors to assist you with your financial needs.

The Importance of New Construction Loans

Oklahoma new construction loans can provide you with the funding that you need. It will allow you to build the property of your dreams in order to expand your business. Rather than waiting years until you have the capital, loans can be obtained right now. Our team can help you find the loan that is right for you.

The first thing you need to do is establish a construction plan. Do you want to renovate an existing building or build from scratch? Once you know how much it’s going to cost you, you can proceed with finding the right new construction loan in Oklahoma.

Why a Construction Loan?

New construction loans are commonly provided to businesses as opposed to commercial mortgages. Commercial mortgages are provided by traditional banks that want high credit scores as well as a significant amount of financial statements from your business. Additionally, they will provide all of the money upfront, but it may only be available for new construction or a pre-established building. Renovations would not count.

With Oklahoma new construction loans, the money is provided in stages. You set up a schedule so that money is released after an inspection has taken place following each construction step. The money would be released for land development and, then, released again for the pouring of the foundation. You pay interest as money is released as opposed to paying on the full amount. Once the project is complete, you can choose to pay in full or use the property as collateral while making affordable monthly payments.

Browsing Commercial Construction Loans in Oklahoma

Obviously, you want to choose a commercial construction loan that makes sense for your business. Whether you live in Oklahoma City, Tulsa, or Edmond, there are new construction loans in Oklahoma that can assist you. At Delancey Street, we are here to help you make the best decision.

You will want to consider the cost of obtaining a loan. Most lenders will require between 10 and 30% as a down payment due to the high-risk nature of a construction loan.

Some lenders will also have various fees that need to be incurred, including guarantee fees, processing fees, project review fees, and fund control fees.

Further, you will want to look at the interest rate that you will pay on the full loan amount. This amount can vary by lender as well as your credit score. The goal is to get a lower interest rate so that you reduce the total financing charges that you’re responsible for.

When you are ready to start exploring construction projects for your business, contact us at Delancey Street. Our team of developers and lenders can work with you to establish a customized funding plan specifically for you.

Hard Money Loans

Need funding for your next project?

Complete Our Hard Money Loan Application
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