Fast Hard Money Loans For Experienced Investors

Delancey Street provides hard money loans nationwide to investors who have a verifiable track record. We fund up to 70-80% LTV, and focus on residential projects such as: buy and hold, fix and flips, and commercial real estate acquisitions. The biggest factor we look at is the experience of the investor and the LTV of the project they're requesting assistance with.

80% LTV

We fund loans up to 80%
LTV with no issues.
We DO NOT do 100% financing.

Fast

We promise to treat you
like a partner.
We don't like wasting time

No $ Limit

No limits on what we can
do for you.
We max out at 80% ARV.

70-80% LTV For Seasoned Developers Nationwide

Fix and Flip, Cash-out Refinance, and Acquisition Loans
For Experienced Real Estate Developers.

We Fund Real Estate Projects Nationwide

We fund projects nationwide, ranging from fix and flips, to commercial acquisitions. Bottom line, we can help - regardless of the size, or difficulty of the project. We do not do 100% financing - and prefer working with experienced real estate investors.

Recently Funded Projects

Hard Money

Financing for fix and flips, commercial estate, and acquisitions / refinancing
Financing up to 70% of the After Repair Value
We charge 9-10% on average, with no junk fees

Delaware Fix and Flip Loans

If you want to fix and flip a home in Delaware, there are several ways to find funding for your project. Prior to trying to fund your project, there are a few things you will need to convince your lenders to fund your home. You will need to know the costs and timeline of your project and have a business plan to present to potential lenders.

Expect These Costs When Flipping a House:

  • Buying the house you want to flip.
  • Your renovation expenses.
  • Expenses while you are the owner of the house.
  • Closing costs.
  • Fees for a real estate agent.

Each time you flip a house, you should have a business plan. Include correct estimates and appraisals in your business plan so lenders can review your project and run the numbers and time you predict strategically. The more information you have about the project you present to a lender, the easier it is to convince a lender that your project is worth the risk.

Information to include in your business plan:

  • Property information
  • Information on the people working for you or with you on the project
  • Neighborhood information and statistics
  • Comps
  • The appraiser’s valuations (before and after the renovations)
  • An alternate plan
  • Financial projections
  • Timeline

The scope of work is your timeline, costs, and strategy. Potential lenders want to see a detailed scope of work, so you are correct throughout the process with funding needs. An appraiser and contractor need to help produce the numbers for the repairs and valuations. Once this is done and your business plan is ready, it is time to find funding for your project.

Potential Lenders for Your Fix and Flip House

  1. Acquaintances

    Get your family and friends involved in your project. Gather funding from a group of people you know or even crowdfund for your first project. Sometimes social media and networking can get you the funding you need easily. Everything should always be in writing, even if it is with friends or family.

  2. Find a Partner

    A partner can be anyone who you want to bring in to help or has funding and/or ideas for your project. Many times, a partner may supply the funding while you do the fix and flip of the house. Once you sell, you and your partner both make a profit. A partner can also do the whole project with you depending on the amount of support you want.

  3. Use Your Equity

    If you have at least 20% equity in your home, you could get a home equity loan or line of credit. A loan can give you a lump sum for your project, while you can borrow on a line of credit as you need it.

  4. Get a Loan on Your 401k

    A 401k might be the answer to funding your fix and flip project. Many 401k plans allow a loan of up to 50% or $50,000 maximum. The loan does gain interest.

  5. Apply for a Personal Loan

    A personal loan is a possibility if you have good credit and want to pay the loan back slower. The interest rates are usually about 5%. With a personal loan, you may not get enough to fund your whole project, which is why many real estate investors used multiple funding sources.

  6. Seller Financing Options

    A beginner may want to look at financing through the seller of the home. An owner financing deal with a balloon payment is attractive to some owners looking to profit more in the short term. Consider showing the seller your business plan.

  7. Hard Money Loans

    A hard money loan is a loan funded through private lenders. They work well with people who fix and flip homes because they are usually offered for one year and have lower qualifications than a traditional bank loan. The lenders that offer hard money loans are interested in the potential of the property.

  8. Business Line of Credit

    Once you are in business for a while, a business line of credit might be great for funding your projects. You access what you need when you need it. This is like a home equity line of credit, but a business line of credit usually offers more money for your fix and flips. A portfolio of completed projects is usually used to apply for a business line of credit.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

ESOP

ESOP – employee stock ownership plan, is a qualified employee…

Financing Small Businesses: How It Helps The Entire Community

Small business financing is a great thing, but many people…

Here’s Every Document You’ll Need to take a Small Business Loan

Documentation and paperwork is the single largest obstacle to most…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now