Stockton 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

Stockton Private Money Lenders

You might think you need the bank to get onboard with your next real estate project, but you might find doing business with a private money lender easier. While banks offer great traditional mortgages, many private lenders offer a short-term alternative called a hard money loan. Also referred to as bridge loans, this financial product provides a useful funding mechanism for real estate projects.

Hard Money/Bridge Loans Defined

Bridge loans or hard money loans provide a one- to three-year loan to fund restoration, renovation or purchase of real estate. Commonly used for investment properties, they got the name bridge loans because they help the investor “bridge the gap” from their purchase to resale of the property.

Common Uses of Hard Money Loans

The hard money loan quickly puts cold, hard cash in the hands of real estate investors for projects including:

  • renovations to flip a house,
  • renovations to a rental property,
  • purchase and transfer/resale of real estate,
  • to bid and purchase with cash at real estate auction.

Private lenders extend bridge loans for purchase or renovation of single family or a multi-unit dwellings.
Since hard money lenders loan for both projects in good or poor condition, they use multiple valuation methods. For homes in poor condition, they use its after-rehab-value (ARV). For homes in good condition, they use its loan-to-value (LTV). The LTV is similar to the a conventional mortgage calculation.

Differences Between Traditional Mortgages

A traditional mortgage has more stringent requirements than a bridge loan. Traditional mortgages require a credit score of 650, for example. A hard money loan requires a credit score of 550.
A mortgage offers a slightly lower interest rate than a bridge loan, but requires more paperwork and a more lengthy approval time. A bridge loan offers an interest rate from seven to 12 percent. The loan disbursement fee ranges from one to 10 percent.
Many real estate investors can’t obtain another traditional mortgage. Banks limit the number of mortgages issued to a single person or entity at four to 10, depending on the financial institution. A hard money loan lets the investor fund their project so they can renovate and sell it or refinance it. The bridge loan offers interest-only payments for the life of the loan.
Bridge loans also let an investor purchase a damaged property. Banks generally want to extend mortgages only on homes in good condition. This makes the bridge loan ideal for those involved in-house flipping.

Hard Money Loans in California

In California, you can obtain a hard money loan from a private lender. Think of private lenders as venture capitalists who loan rather than invest. In CA, the loan time period usually ranges from six to 12 months, according to Delancey Street, a private lender with locations in Los Angeles and Stockton. In California, private lenders require collateral for a loan. Qualifying items vary by lender.

General Hard Money Loan Requirements

Although easier to obtain than traditional mortgages, hard money loans still have requirements. You’ll need a:

  • minimum credit score of 550,
  • two or three months of bank statements,
  • the property location,
  • the property’s purchase price,
  • resume of real estate experience,
  • purchase contract,
  • contractor bids,
  • rehab scope of work.

A bridge loan from a private lender can help a real estate investor obtain a quick loan to move on a property. It provides renovation funding for fix and flip projects. In summary, a hard money or bridge loan offers:

  • a pre-qualifying application
  • a quick lender response,
  • fast funding,
  • simpler borrower requirements,
  • interest-only payments,
  • short loan terms of six months to three years.

Hard Money Loans

Need funding for your next project?

Complete Our Application