We help real estate investors get hard money/private money loans for their next project. Money and finances should never be the obstacle that stops you from succeeding. We regularly help 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 – and how we can help you capitalize on it. For years, our team members have been helping people capitalize on opportunities using hard money loans, private loans, reverse mergers, other financial vehicles.
We fund loans up to 80-90% LTV. We look at the value of your property, and your overall business plan when deciding whether to fund you.
We realize deals can disappear if you don't have fast funding. We promise to treat you like a partner, and work fast to help you get funding.
We're a growth focused private money lender. That means we work fast to fund your deal, and there's no limits on what we can do for you.
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.
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.
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire.
We’ve all seen those little single family homes in the suburbs that fall into disrepair. The price lowers and lowers, but no one bothers to buy because who wants to repair something like that? Well, the answer as to who wants to repair might come in the form of a fix and flip real estate investment whereby someone buys that shabby home for the sole purpose of fixing it up and putting it back on the market, bigger and better than ever before. The fix comes in the form of repairs and additions to the house that increase its value.
Fix and flip loans are ideal real estate investments for people who have a knack for home improvement or have a handyman that’s dying to do some work for cheap. Going into it, you’ll need a solid plan to fix the home, otherwise you’re just going to invest your money and not get anything back in return. Hard money loans are the type of loan most suited for fix and flip projects like those portrayed on today’s popular home improvement shows. You’ll notice a few things that everyone in those shows have in common, too.
What’s it take to flip a house?
To successfully take a hard money loan and get a great return on your investment, you’re going to need a few things.
A solid gameplan: A gameplan for fixing the home is essential. This includes having a firm grasp of estimates. You’ll want to plan out your home fixes before you buy and then estimate how much those are going to cost you. If you find that you’re going to pay a cheap price for home repairs but then get a huge rise in value, you and your hard money lender are going to be very happy people indeed.
A penchant for home repair: Home repair is at the heart of the fix stage of house flipping. A firm grasp of one area of home repair – preferably the area that this little run down single family home will have – is going to save you thousands of dollars during the fix stage. It’s all about saving during the fix stage while still drastically increasing the value of your home.
Dedication: It goes without saying that you need to be dedicated to the process of flipping houses. It can be very frustrating in some stages, especially the beginning. Repairs might get off to a slow start and it’s at this point that some people might start to lose interest. Don’t! That’s because you’ve taken out a loan through a hard money lender, and you’re going to need to pay that back plus pay some of your profits toward the people who believes in you (the folks at Delancey Street).
Flipping houses can be a lifetime venture for some people. If you’re good at it, with a keen eye for the repair stage and a keener eye on the bigger prize at the end of the investment, then you’re going to love doing this for a living. And make no mistake, some people CAN do this for a living if they develop an expertise for home repair and renovation, plus a solid understanding of the investment stage. Taking out a loan with a hard money lender who has competitive rates will increase your big money prize when you flip the house.
Delancey Street is a hard money lender who specializes in the fix and flip loan. If you have your eye on a little single family home or a large single family home, we’re here and ready to give you the funding you need to fulfill your house flipping dream. All it takes is a little initiative and a first phone call. What we invest in is the idea that you have. What’s your vision for this house? How big is the prize going to be when you flip the house? You do the work. We fund the dream.
There’s no time like the present to get started on your fix and flip project. Delancey Street is here to give you the type of hard money loan that’s well suited to these projects. You’ll use the home you buy as collateral for your line of credit, and we’ll take some of the profits in the end. Don’t worry! We’re a competitive lender and we think you’ll find that our creative services are well worth the portion you pay to fund your dream. So what are you waiting for? If you’re ready to start flipping houses, today is always the right day to give the professionals at Delancey Street a call. We look forward to working with you.
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