Irvine 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

High LTV

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

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
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

Industries We Service

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:

Irvine Private Money Lenders

Delancey Street is a premier, and trusted, Irvine private money lender. We provide private money for real estate investments all over the USA. Many real estate investors come to us because they want to buy a property, maybe fix it and flip it – or maybe hold it long term, but don’t have the immediate cash to purchase it. If so, you can turn to Delancey Street to help. We provide fast financing. The traditional loan process can take sixty to ninety days, and by the time you wade through the paperwork and wait for your money, that investment opportunity may have slipped through your fingers. That’s one of the many reasons some people seek out private money loans.

Private money loans, also known as hard money loans, have as their funding source private individuals or a pool of private individuals. Delancey Street can supply funds for your real estate investment – whether it’s commercial or residential.

What is an Irvine private money loan, and who uses them?

When you obtain a private money loan, you’ll be borrowing from an individual investor that is not backed by a financial institution such as a bank. You’ll need to convince the investor that your idea is profitable, and you’ll need to use your property as collateral for the loan.

Private money loans are typically used by people who need to (1) finance deals that won’t qualify for a conventional loan, (2) obtain financing quickly, or (3) don’t have adequate credit to obtain a traditional loan. If you’ve experienced a short sale or a foreclosure, for instance, you might find that a private money loan is right for you. Having poor credit, or asking for a real estate investment loan – can immediately disqualify you when you ask for a traditional loan.

Advantages and Disadvantage of Irvine Private Money Loans

Because of the risk involved to the loaner, private money loans tend to come with higher interest rates and closing costs than conventional mortgages. Your interest rate, for instance, might range from 10 to 15 percent, and the points might be from 2 to 4 percent. You will also have to pay the loan back much more quickly than a conventional loan. While the terms of traditional mortgages are typically 15, 20, or 30 years, a hard money loan will generally be repaid in 1, 2, or 3 years.

Despite these higher costs, private money loans do have some significant advantages over conventional loans:

• You can obtain rehab financing for a damaged property. A conventional lender is going to want the property you are purchasing to already be in good shape, but a private money lender is willing to loan you the money you need to purchase the property and fix it up simultaneously. This allows for “fix and flip” deals.
• You can secure a loan even if you have poor credit. Because a private money loan is backed by the value of your real estate, which you are using as collateral, you don’t need to have stellar credit to obtain one. Irvine private money lenders care about the potential profitability of your real estate more than either your financial history or your credit score.
• Private money loans allow you to act on investment opportunities quickly. The entire hard money loan process, from application to funding, usually lasts less than fifteen days, instead of upwards to ninety.

How Can a Borrower Secure an Irvine Private Money Loan?

To secure an Irvine hard money loan, you’ll need a property of sufficient value. A wide range of real estate can be used to secure a hard money loan, including land, industrial property, commercial property, single family housing, and multi-family housing. Your loan amount will be calculated based on the value of the property, using a loan to value ratio. Most private money lenders will extend you credit equal to 50 to 75 percent of the property’s value. Irvine private money lenders will also want to see your investment plan. How do you expect to make money from this real estate venture? You’ll need to describe how the money will be spent and what sort of return on investment you anticipate. Finally, most Irvine private money lenders will want you to furnish a deed of trust, proof of identity, and a note.

Summary
Private Money Lenders
User Rating
5 based on 1 votes
Service Type
Private Money Lenders
Area
Irvine
Description
Delancey Street is a Irvine Private Money Lenders.

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