chicago Fix and Flip Lenders

We empower 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

High LTV

We fund loans up to 80-90% LTV with no issues.

Fast

We promise to treat you like a partner.

No $ Limit

No limits on what we can do for you.

Recently Funded Projects

Residential Refinance
Residential Refinance

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.

Raised
$830,000
APR
8.99 %
ARV
75%
100% Funded!
Residential Investment
Residential Investment

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.

Raised
$1,200,000
APR
11 %
ARV
82%
100% Funded!
Residential Investment
Residential Investment

Property in New York was torn down, and redeveloped. We provided a 60% LTV loan for $700k. We charged no upfront fees, and had a balloon payment after 10 months.

Raised
700,000
APR
9.0 %
ARV
60%
100% Funded!

Hear from people we’ve helped

“Delancey Street makes lending easy. They took a chance on me when no one else would.”

- Leo kovacz

Industries We Service

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Delancey Street is a premier, and top rated – fix and flip lender. We fund fix and flip loans all over the USA. We understand how important it is that you have a fix and flip lender on your side – who believes in your project, understands its potential, and is willing to fund you ASAP. Many of our team members do fix and flips themselves, and thus – needless to say, we can help you with yours.

Fix and flip refers to a real estate investment deal. An investor acquires a property and rehabilitates it to make it desirable. The single-family home is then sold for market value at a much higher rate than it was initially bought at. The repairs made on the property make it a desirable home for prospective buyers, and once sold, the investor stands to make a hefty profit.

Repairs are done throughout the home. A bedroom may be updated, a new kitchen added, the basement finished, and the landscaping improved. The transformation improves curb appeal to prospective buyers, and each repair adds value to the property.

The flip portion of the real estate transaction refers to the act of selling the property in a short amount of time. Locating the buyer or prospective renter must be done quickly, so as to help repay the loan. The goal is to get a good profit on the property once sold.

What are hard money lenders?

These lenders offer loans that are secured by the asset itself, which is the home. The most promising projects are those that are led by experienced real estate investors. These lenders understand the complexities of these transaction, and many have once been real estate investors themselves. These lenders know what it takes to rehab a property and sell it for profit.

Private and hard money lenders look at the investment property. They want to know the purchase price of the property and the plans you have to fully restore the property. If they can see that the investor has the ability to purchase the home, perform the repair work efficiently, and sell the home quickly, you will get funding for the property.

The lending decision is based off of the potential of the property. This means the person can have poor credit or no credit, no job history, and not have any documented income or assets but still qualify for a loan.

How are lenders able to provide private loans and hard money loans like this?

Whenever capital is used from private investors, the traditional lending rules no longer apply. The person doesn’t have to qualify according to the FHA guidelines or meet the requirements of traditional banking institutions.

The terms of a fix and flip loan are very short, averaging anywhere from five to twelve months. During this period, no payments are required of the borrower. This gives you very little room for error, so you should know what needs to be done to quickly rehab and sell the property to pay the debt off. In failing to do so, you run the risk of foreclosure and could lose your hard-earned dollars invested in the project.

Summary
User Rating
5 based on 1 votes
Service Type
Fix and Flip Lenders
Area
Chula Vista
Description
Delancey Street is a Chula Vista Fix and Flip Lender.

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