California Private Money Lenders

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 and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

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

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

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

California Private Money Lenders

What are the requirements to qualify for a California private money loan?
Unlike traditional bank loans, private money loans have very lenient requirements with flexible guidelines. For example, a traditional loan may have a very specific minimum credit score requirement for the borrower. For a multi-unit commercial property, it may have a specific debt service coverage ratio and occupancy rate that needs to be met, and historical income numbers may need to show a history of stable income and expenses. These are only some of the many requirements that traditional lenders have for residential and commercial loans, and any deviation from these requirements may result in the loan application being declined.
While privat money lenders have greater flexibility to think outside the box when reviewing your loan request, they typically still require the deal to make sense in some way. For example, they will not simply lend on any property that is underperforming or in poor condition. There needs to be a clear turnaround and exit strategy in place. Private money lenders may also have specific requirements regarding your personal financial situation, other aspects of your personal situation and the property itself.
Your Personal Finances
While a traditional residential lender may lend up to 95 percent or more of the sales price and a commercial lender may lend up to 80 percent of the sales price depending on the property type, a private money loan typically has a much lower loan-to-value. You can reasonably expect to make at least a 30 to 40 percent down payment on the project regardless of the property type, and some lenders require even more money invested by you depending on the specifics of the loan request.
With this in mind, private money lenders will analyze your financial situation to ensure that you have enough money available to make the down payment. In addition, private money lenders generally have higher fees than a traditional lender. For example, you may pay a lender fee of four to six percent of the loan amount in some cases. Therefore, you also should have enough cash available to pay for this and other related fees. As is the case with many traditional lenders, a private money lender may require you to have a specific cash reserve available after the closing as well.
Other Personal Factors
Private money lenders review the entire loan request to determine its strengths and weaknesses. There are specific requirements regarding liquid cash, but there are not necessarily minimum credit score requirements or income requirements. Furthermore, a borrower may not need previous experience with real estate investments or with renovations. While these are not specific factors that a lender would deny a loan request for automatically, remember that the loan request does need to have strong points. For example, if the applicant’s income level is very low, it may be best if he or she had a huge cash reserve in various types of bank and investment accounts. It may also help if an applicant has a proven track record of success with other similar types of real estate projects. If multiple applicants are applying, the strengths of one applicant can balance out the weaknesses of another one in some cases.
Property-Specific Requirements
As you can see, there is considerable leeway for a private money lender to examine the financial strengths and weaknesses of applicants provided they have enough cash reserves to cover the down payment and loan costs. Likewise, a private money lender can get very creative when analyzing different property scenarios. The ability of the applicant to paint a positive picture of the property’s potential is important. In addition, the applicant needs to backup that positive picture with firm research and facts. For example, do not simply state that you plan to lease office space for $2 per square foot after a renovation. Instead, back up your statement by providing research showing actual market rental rates as well as market occupancy statistics. Remember that these should be for “like” properties. You cannot use market data for a Class A office building to support your projections for a Class C office building. Likewise, do not state that you can renovate a building for a specific amount of money. Instead, get a contractor’s written estimate for all of the work that needs to be done.
There are no private and fast requirements for a private money loan other than the down payment requirement. However, each lender is unique, and some lenders may have specific factors that they look for in each loan that they approve. Generally, private money loan requests are reviewed on a case by case basis. If you can make a case that your loan request is exceptionally strong in some way with incredible upside potential, you may be able to find a private money lender who will extend a loan to you.

Hard Money Loans

Need funding for your next project?

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