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Appraisals are required for all loans. Although it’s an expense for the borrower, it protects everyone in the transaction. These are the last steps in the application and underwriting process. In some cases, we may not ask for them if we are comfortable with the specs of the loan. Typically we only ask for an appraisal after the borrower is approved and the deal terms are acceptable. We make no money from the appraisal.
No. Not really. We really don’t look at your credit score. Our main focus is the investment property. We look at the specs of your deal.
Delancey Street only provides financing for investment properties. It means the borrower cannot live on the property at any time during the loan. This is due to complications arising from the Dodd-Frank laws.
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.
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