Delancey Street, An A.I. Driven Hard Money Lender, Announces Expansion Into NYC Commercial Bridge Loans
Delancey Street, a hard money lender that uses artificial intelligence in its decision making process, is pleased to announce its expansion into commercial bridge loans in NYC. This new move represents an additional opportunity for growth from its existing strategy of residential hard money loans.
NEW YORK, Sept. 6, 2018 /PRNewswire-PRWeb/ -- Delancey Street, an NYC based hard money lender, is pleased to announce its expansion into NYC commercial bridge loans. With a presence in NYC and LA, Delancey Street eventually hopes to expand its offering of commercial bridge loans into LA as well in the near future. Delancey Street is one of the few lenders in the industry that use artificial intelligence in it's decision making process; thereby improving the speed and accuracy of its loans.
Delancey Street has one simple philosophy: helping entrepreneurs unlock opportunities. Everything we do - focuses on accomplishing this one important goal. Because of this, we touch deals that others turn down. We are creative - when others are stringent. When it comes to providing hard money loans, Delancey Street helps entrepreneurs achieve their desires. Thanks to artificial intelligence technology, we're able to integrate more data points into our decision making process and achieve quicker turnaround in giving decisions to real estate investors.
As a direct NYC hard money lender, Delancey Street can not only provide funding - but also provide strategic guidance and insights to help residential and commercial developers. In some instances Delancey Street partners up with other lenders in order to JV opportunities presented to us. Borrowers can use the funds for a variety of potential projects, such as vacant/partially leased buildings, re-financing, construction costs, and more. Loans can range from $1M to $10M, with typical financing up to 70% of acquisition costs. In addition, using artificial intelligence - Delancey Street is able to accept cross-collateralization in order to provide more competitive loan to value ratios. Terms and interest rates are flexible based on the project.
In the next few weeks Delancey Street will be launching a new information portal with a wealth of resources about commercial real estate development. Thought leaders in the industry will be invited to share their valuable experiences so that they can help educate fellow members of their industry.
About Delancey Street
Delancey Street is a nationwide hard money lender that specializes in hard money transactions. We work with brokers, investors, and developers throughout the country. Our current focus is on deals in California and New York.
SOURCE Delancey Street
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