SHORT TERM
BRIDGE LENDING
DELANO FINANCE is a direct private lender that provides short-term bridge loans In the New York metropolitan market (Brooklyn, Queens, Manhattan and Bronx and Long Island). Borrowers can look to us when traditional sources of capital are unavailable or when a transaction requires a “time of the essence” approach.
We provide loans from as low as $100,000 to as high as $5,000,000. We offer low fees, which typically consist of at most a few points and no hidden fees or costs.
We can react to a request to fund quickly; we typically close within 3-5 business days of receipt of a title report and do not require lengthy applications or appraisals.
Unlike other short-term and conventional lenders we understand the value of your property and do not need to rely on lengthy and time consuming third-party reports.
Our terms are flexible and vary from a minimum of twelve months to two years, with renewal options available. We loan on all property types (except owner-occupied 1-4 families), with an emphasis on mixed-use, retail and multifamily properties. We provide short-term funding where others don’t; bankruptcy workouts, complex foreclosure workouts and discounted repurchases of debt from banks. We are also comfortable with providing financing for purchases of non-performing debt.
Brokers are welcomed and encouraged to bring us new opportunities.