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Rhode Island Fix and Flip Loans

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 hard money loans up to 80-90% LTV with no issues.



We promise to treat you like a partner


No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

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

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...



Industries We Service

Residential Real Estate
Commercial Real Estate

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

Rhode Island Fix and Flip Loans

House flipping has become one of the most popular forms of investing in the past several years. Due to highly watched reality shows and explosion of real estate guru’s advocating and promoting this type of business, many more investors have come into the fray.

The latest data shows that you can make an average of $68,000 on a flip. That’s really good money! If you do 2-3 a year on a side, you’re making a really decent living.

Rhode Island is getting involved in the action as well. This state has a plethora of older homes and areas being gentrified that is ripe for an investor to come in, buy, fix and flip for a huge return.

One of the barriers to flipping, however, is getting that initial round of cash to put down on a mortgage and to renovate the home. Here are just a few ways you can find funding in Rhode Island to get fix and flip loans.

By the way, before you go after these funding sources, make sure you have a deal in hand. Do the research and planning beforehand so you have a specific project you can pitch to the potential lender.

The plan should include address of the property, information about the neighborhood, sales price, timeline for renovation, expected sales price and a backup plan in case the renovations go sideways for some reason.

Get detailed on the renovation plan. Everyone who has ever done a project like this knows that it can easily go out of control. Show your investors and lenders you’re seriously by being realistic about your renovation plans.

Home Equity Line of Credit
The home equity line of credit, also called a HELOC, can be a great first source of funding. This is where you take the equity in your current home and use it as collateral for a line of credit.

Essentially, you’re taking a personal loan out using your current equity in your primary residence.

One of the great advantages to this type of loan is that the bank doesn’t really care how you spend the cash. It’s a simple and straightforward loan.

You can spend whatever portion of that line of credit for a down payment on a mortgage for the home you are flipping. By the way, most lenders require a 20-45% down payment for investment properties.

You can also use your own discretion on how much of it you use for renovating your home. There are no restrictions for using your HELOC.

You don’t even have to spend all of it if you don’t want. You don’t have to borrow up to the limit. You spend as you go like a credit card.

Financing Partner
If you don’t have enough equity in your home to get a HELOC and the bank won’t lend you money for real estate investments, you can find alternative financing solutions.

There are companies out there like Delancey Street that will loan you money for projects like fix and flips.

They don’t just do loans for real estate, but a big chunk of their business comes from flippers.

Business Loan from Investors
You can also find independently wealthy individuals to invest in your fixer uppers too. There are qualified investors out there with a high net worth looking for investment opportunities.

They have risk capital to put toward projects like fix and flips, but they don’t want to do the actual work of finding deals, evaluating it, fixing it up and selling the property.

As you can imagine, flipping houses is a lot of work, and there are very wealthy people out there with the cash, but no desire for the work.

You can either get a simple straightforward loan from them with a static interest rate and pay back date. You can also get them to share the risk with you by taking a percentage of your profits.

Finding capital is not hard for flipping projects. Flipping houses is one of the more simple investment businesses out there. And once you have flipped a few houses for profit, not only will you have proceeds from those sales to put toward your next project, but capital will be attracted to you since you’ve proven yourself in the market.

Hard Money Loans

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