Riverside 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:

What makes a hard money lender different from a traditional lender

The most important difference between traditional lenders and hard money lenders is that hard money lenders are asset centric lenders. They look at on the asset associated with the hard money loan. But, traditional lenders are fixated on your credit and how much money the real estate investor has. It is very important to remember hard money loans aren’t great for the long run. The objective of a hard money loan is to be a bridge loan that which helps you get the commercial property you are attempting to buy. Hard money lenders focus on 6-24 month termloans that get them greater ROI than leaving the money in the bank. If you are unable to repay the loan you took, then the hard money lender can take over your property to be able to settle his/her loan.

When should you get a hard money loan

Private money loans serve as funding tools by investors. Here are some examples where they are helpful, such as:

Not able to find financing elsewhere. Funding real estate investments is complex. Traditional mortgages are tough to acquire under normal situations. Banks are extremely careful of extending a loan for purposes of real estate investments, instead of loans for primary residences. Because of this, if you’re looking for investment capital – then you’ll probably have to get a hard money loan.

You’ve got a bad credit score. Hard money loans are based off the collateral of their investment, not your ability to repay. Loans made to customers – as opposed to private money lenders – revolve around how likely it is you will repay the loan. This means in case you’ve got a bad credit history or no steady income – then you may not get approved for financing. You need funding. Private money loans are great so you can get money ASAP. Conventional loans take time. Hard money is extremely fast. If you will need to capitalize on a chance immediately, then it is possible to find a hard money loan. If you can wait a few weeks, then it is far better to find a hard money loan.

Hard money lenders can finance your deals fast

Hard money lenders assist a very specific group of individuals, i.e. property investors. Hard money lending is a type of bridge term financing, which is secured by property. Specifically, the men and women who use hard money loans are generally property investors – typically, people who are being denied a conventional loan as a result of stringent guidelines.

Hard money lenders exist since they’re fast, and provide loans with little to no headaches. Hard money lenders have a fast application system. They anticipate collateral and do not look at your credit rating. They concentrate on your expertise, as opposed to your credit score. In case you’ve got a bad financial history, it will be much easier to obtain financing with a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are scenarios where hard money lenders fill a void that conventional lenders do not touch:

Hard money loans can be used for repair and flip property investors

Most traditional lenders won’t offer you a loan to get a fix and flip job. If the home is in bad condition, or there is some other abnormality with the home, then a conventional lender won’t give you funding. Additionally, most reverse and fix prospective deals”go quickly.” The seller is extremely motivated to sell the property, and will accept the first deal. Conventional lenders take forever, so by the time the loan is approved – you have already lost the property because someone paid money for it. For those who have a hard money lender on your side who will close a loan in 5-10 days, you can find the fix and flip property.

Hard money can be a form of bridge funding

From time to time, your job goes over-budget and because of this you require additional capital. Some conventional lenders will deny, because the job isn’t finished. Though this can be catastrophic, a hard money lender may be willing to lend you the money. Hard money lenders are delighted to provide money to bridge the gap in financing, and can work with you to fill this void.

Hard Money Loans Can Be Used For Commercial Real Estate Investments

Many real estate investors who need a commercial real estate may get private loans from a commercial hard money lender. At Delancey Street, we finance commercial properties throughout the USA, with rates as low as 7 percent, with terms ranging from 6-24 months. We provide great client service to our clients, with no hidden charges, or bait and switch tactics. We do not charge early payment penalties, and there are no income requirements. There are no credit score requirements, and we have minimum paperwork. We provide commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and much more. We have assisted with a wide spectrum of commercial property investors secure hard money for many different commercial properties. We work with real estate brokers and hard money brokers that are trying to help their clients receive a personal money loan. We have financed countless commercial loans and will work with all kinds of borrowers. Underwriting a business hard money loan requires a whole lot of effort and takes a diverse team.

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  • 2 We'll evaluate it
  • 3 We'll offer our terms

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