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Pennsylvania 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

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

Pennsylvania New Construction Loans

Companies can Benefit from Getting a New Construction Loan
It usually happens when a company realizes it must make plans to accommodate expansion. Instead of renting, it’s time for the company to build its own building. It is also possible a company’s needs can be met by adding to an existing building. Doing any of this will cost money and usually more than a company has to pay up front. This is when a commercial construction loan could be the answer. This loan is designed to finance the costs of renovating or constructing a commercial building.

Draw Schedule
When a borrower is approved for one of these loans, the entire amount of the loan is not given to them up front. The lender and the borrower work together to devise a draw schedule. This determines what amount of the loan will be provided as the construction project reaches new milestones. One draw could be given when land is cleared, the next draw is provided when a building’s foundation is poured, the next draw is provided when the building’s frame is completed. Each milestone will qualify for the release of a new draw.

Once each construction milestone is completed, a lender usually wants an inspector to confirm the completion of the work prior to releasing the next draw amount. This is the process until each necessary construction milestone is completed and the entire amount of the loan has been paid. With a commercial construction loan, the borrower only pays interest on the amount of the loan they have been given.

Commercial Mortgage
Once the construction project is complete, the entire loan amount is due. Most companies are not able to pay one large payment to satisfy such a large debt. This is the time when the borrower can take out a commercial mortgage to pay off the commercial construction loan. In this situation, the property will be the collateral. A commercial mortgage will provide a borrower with a reasonable monthly payment they can afford pay over a specified period of time.

SBA CDC/504 Loan Program
This is a popular type of commercial construction loan. It requires a low down payment and provides competitive interest rates and has reasonable credit score requirements. This loan works with an SBA-approved Certified Development Company to fund as much as 40 percent of the costs to renovate a current facility, purchase as well as improve land or build a new facility. Borrowers can receive up to $5 million.

Bank Loans
Depending on a company’s situation, a traditional commercial construction loan obtained from a bank could be a good option. The repayment terms, as well as down payment requirements, and rates will vary. It is common for a 10 percent down payment to be required with a 25-year repayment term. There are variable loan rates and fixed loan rates available.

Mezzanine Loans
This type of loan may be a good option with a loan-to-cost ratio that is low and a borrower may need to provide some additional money. This loan is secured with stock. If a company defaults on this type of loan, the lender can turn it into an equity stake. A mezzanine loan enables the borrower to have more leverage and can obtain a loan-to-cost ratio as high as 95 percent.

Application Process
Once a company has determined a lender for its commercial construction loan, the application process must be carefully completed. A lender will evaluate the financials of the company owner as well as the company. Credit scores and other factors are used to determine loan approval as well as the loan’s terms, interest rates and more.

It is always exciting for a company when it reaches a point where it needs to expand. Getting financing can be a challenge, but it is always worth the effort. When a company understands the purpose for their loan, it will help guide them. Learning about the type of loans and requirements can make the loan process an easy experience.

Hard Money Loans

Need funding for your next project?

Complete Our Hard Money Loan Application
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