Delancey Street Reviews

Learn more about Delancey Street, which is a hard money lender. Includes information on their loan types, pricing, features, and frequently asked questions.

Updated on November 18th, 2019

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Delancey Street is an alternative lender that handles a variety of lending scenarios, including hard money loans, merchant cash advances, and litigation financing. Delancey Street's hard money loans are offered to investors who possess verifiable track records with a focus on residential projects such as buy and hold, fix and flip, and commercial real estate acquisitions.

Loan Amounts, Rates, and Terms:

Type of loan

Max amount available

Rate

Term

Fix & Flip

$3,000,000

8 - 12%

3 - 24 months

Construction

$8,000,000

8 - 12%

12 - 24 months

Bridge

$5,000,000

8 - 12%

12 - 24 months

Commercial

$5,000,000

8 - 12%

12 - 24 months

Delancey Street
Review:

Pros: Offers cross-collateralization, customized products, and 24-hour funding.

Cons: Does not offer loans for owner-occupied properties.

Bottomline: Delancey offers a quick and simple application process and promises a quick approval process if all your documentation is in order.

Key information:

Founder

Maxinder Soni

Headquarters

Los Angeles, CA

Website

www.delanceystreet.com

FAQs:

Does Delancey Street have an application fee?

No. Delancey Street only charges a closing fee, not an application fee. If they are unable to fund you, there are no fees or strings attached.

How quickly will Delancey Street approve my financing?

Delancey Street states that if all your documents and information are in order, and you work with your loan concierge, you could receive your financing within 24 hours.

What is Delancey Street's interest rate?

Delancey calculates your interest rate based on your credit history, amount of funding, and debt to income ratio.

What kind of hard money loans does Delancey Street offer?