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

San Antonio Fix and Flip Lenders

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Delancey Street is a premier, and trusted, fix and flip lender. We provide competitive rates on fix and flip loans all over the USA. Fix and flip is a real estate deal where investors purchase a property to sell for a higher purchasing price. The home acquired is usually below market value and may require some minor repairs to make it attractive for those in the market to buy a home. The goal is to increase the market value of the property by making a series of repairs to the home, which will be later resold.

The repairs performed on the home can range from adding new bedroom or a kitchen. The basement or attic could be refinished as a part of the project. Knowing whether or not to replace the roof or redo the landscaping are decisions that are made with the resale value in mind.

The flip refers to the act of selling the property once repairs are made. It can also mean finding a renter for that property. The point of the flip is to generate profit immediately after repairs were made to the property. At the time of closing, the buyer acquires the property, and the investor makes a property.

Fix and flip investing has been around for a whole, but it has become popular through television shows like Flip This House and Flip That House.

If you want to be an investor of fix and flip homes, you need access to access. You don’t have to look further. When working with Delancey Street, your credit, income and job history play no role in determining your eligibility for fix and flip loans.

Why does this matter?
In order to qualify for a traditional financing option, the home needs to meet certain guidelines. If the property does not meet the guidelines, then a loan can’t be issued through Fannie Mae or Freddy Mac. The majority of fix and flip loans are provided by private lenders who specialize in hard money. What exactly are hard money loans? Fix and flip lenders provide loans based on the value of the collateral. The asset is the property. Real estate investors usually understand what it takes to make a property profitable.

Private and hard money lenders start by viewing the property you are interested in acquiring. They will request information on the purchase price. They want to know what repairs you are planning to make to increase the property’s value. If they can see the value and have confidence in you, they will fund the project.

The lending decision is based off the property’s value. The borrower’s credit has not thing to do with the approval process, so you can have bad or no credit and still qualify. You don’t need a job history or proof of income or assets to be considered.

How can they lend to people without credit?
It’s simple. Delancey Street offers private capital, not institutional capital. We don’t conform to traditional guidelines, nor are we affiliated with major banks. As a result we can get creative when it comes to providing funding and financing.

A fix and flip loan is usually for a short amount of time. Most terms are between five and twelve months for fix and flip loans. During the process, fix and flip lenders do not require payments until the term is up. The loan has to be paid off at the end of the term, so you must be sure that the property can be quickly sold off once the mortgage is paid off. Failing to do so will lead to foreclosure and loss of any investment made to the property.

Finding Lenders for Fix and Flip Projects
Delanceystreet.com is a top rated fix and flip lender. Our company has been providing real estate investment loans for many years. As a result of years of experience, we have become one of the top fix and flip lenders in the country. Our goal is to offer fast, accessible hard money loans.

We do everything in our power to help you succeed. When you contact us, we’ll evaluate your project and help you understand what potential pitfalls we see. We work with you at every step. Doing a successful fix and flip requires a lot of efforts, and a lot of different team members working together. We have experts in every major city, ranging from general contractors, to accountants, lawyers, and more. Once you start working with us – you get access to our entire network of experts.

“Fix and Flip” loans are a broad terminology used to describe any one of a number of financing options that are available to those who purchase properties to renovate and sell them. In reality, there are many different types of loans that can fall under the rubric of a fix and flip loan.

There are several different costs that are associated with house flipping. The first, and most obvious cost, is the purchase price of the property. However, there are also other costs that include renovation of the home, holding costs and transactions cost for purchasing and selling the property. Flippers will need to have financing lined up to cover all of these since an unrenovated home will not fetch a profit.

House flippers have a great deal of options in deciding how to finance their activities. The first type of loan that is popular among house flippers is a hard money loan. This financing arrangement is popular due to the speed in which it can be obtained. House flippers can have their money if they take out a hard money loan in a week or two. Hard money loans are not designed to be long-term options. Instead, they are designed to be a shorter-term arrangement for flippers to get money for long enough until they can renovate and sell a property. These loans are secured by real property. In other words, if the borrower defaults, then the lender will take possession of the property. Because these loans are secured, borrowers need not present the same amount of documentation as they would with a more traditional loan.

Hard money loans are great to get a house flipper started and it gives them a ready source of financing. Once a house flipper has an established business, there are other financing options that become available. One of these options is a business line of credit. This gives a borrower a specific amount of money that they have available to them should they need it. The borrower does not have to take the entire amount of credit, but instead can borrow only what they need for their purpose. The borrower will apply for the line of credit and then can draw on it as necessary. The work is in getting the initial approval. Not every house flipper will be able to receive approval for a business line of credit. Flippers will need to have a track record of dealing with banks and a strong credit history.

House flippers who have equity in their home and do not necessarily need a large amount of money can use a home equity loan as a fix and flip loan. However, you can only borrow a percentage of the equity that you have in your home. This may not be enough on its own to finance an investment property for flipping. Home equity loans are helpful because they can provide financing at an attractive rate. This can be combined with other types of financing to give house flippers the money that they need to purchase a property.

When considering the right type of fix and flip loan, borrowers should weigh the speed at which they can receive the money versus the financing costs for the loan. Financing costs consist of both interest rates as well as closing costs for the loan. Ideally, the best type of financing is one that can be obtained quickly and with a minimum of costs. That financing does not always exist so a borrower will have to decide what is most important to them when they are seeking financing. In addition, borrowers should consider multiple types of financing for one specific project. In other words, house flippers can finance any project using a number of different financing methods all at once. As a house flipper gets a number of successful flips under their belt, financing will become progressively easier. Before that, they will likely have to be creative in lining up the money to successfully flip properties.

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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"
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$125,000 Small Business Loan
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"Great choice for first time fix and flippers"
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$250,000 Hard money Loan

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