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

Long Beach Fix and Flip Loans

Long Beach Fix and Flip Loans

Delancey Street is a premier, and trusted, Long Beach fix and flip lender. If you are interested in purchasing a property to fix it, and flip it – we can help. Traditional lenders don’t lend on fix and flip investment properties – but we do. We understand the challenges and difficulties of getting competitive financing – and are here to help you. If you are looking for a reliable lender, who can fund your transactions within 24-48 hours – then keep reading. If this is your first fix and flip, that’s ok too – we can help educate you and walk you through the process.
The housing market is gradually recovering from the mortgage crisis of 2007-2010. The demand for housing is increasing every year. Investors who have learned how to exploit the opportunity are raking in huge profits. One example of such investors is fix and flip investors

What is fix and flip investing?

For those who have the necessary capital, fix and flip investing is easy. First, it involves finding old houses whose owners are ready to sell. Such homes are likely to be purchased at a throwaway price. After acquiring the damaged houses, investors “fix” them. This involves making the necessary repairs and enhancing the appearance of the building.
After fixing the property, investors “flip.” Flipping involves listing the property and finding a buyer or a tenant. The listing is done immediately so that the property can be sold before it depreciates. The quick listing also shields fix and flip investor from losses due to the fluctuation of real estate prices. The renovated home will fetch a price that is way higher than what it was bought for. That is how fix and flip investors make profit.

Long Beach fix and flip lenders provide financing

Fix and flip investing is a lucrative industry. In this business, you can make huge profits in a short time. However, you must have enough capital to survive. For example, investors need money to buy the old property and pay the contractor who refurbishes the buildings. That should not scare anyone away from the fix and flip business. Most fix and flip investors finance their business through loans.

Hard money lenders

Hard money loans are also referred to as private loans. These loans are a type of asset-based loans. This means that the borrower has to present collateral in the form of real assets such as land, vehicles, or buildings. Hard money lenders only care about the collateral rather than the borrower’s credit ratings. This is what sets apart hard money lenders from conventional lenders such as banks. Hard money loans are one of the most popular sources of financing for real estate developers including fix and flip investors.

Why do fix and flip investors prefer hard money loans?

Private loans have several benefits that make them great for real estate investing. Some of these benefits are below.
Hard money loans get approved fast. Acquiring a hard money loan typically takes less than ten days. Traditional loans, however, can take several months. Provided that you have the proper collateral, acquiring a hard money loan is easy and straightforward. In fact, it is just a matter of discussing the borrowing terms with the lender.
Fix and flip investing can only be done with instant loans. Most people selling old property are not willing to wait for a long time to get their money. Furthermore, fix and flip investing has become popular nowadays. If an investor delays in acquiring the property, another investor may pounce on the opportunity. As a result many Long beach real estate investors turn to Delancey Street to get funding for their fix and flip projects.
Private loans are flexible. Unlike conventional lenders who have fixed lending terms and conditions, most private lenders define their terms on a case by case basis. The borrowers, therefore, have a chance to negotiate terms that suit their unique needs. Furthermore, as earlier stated, most hard money lenders are not interested in the borrowers financial position or credit history. Any fix and flip investor can, therefore, get a hard money loan.
Hard money lenders primarily offer short and medium-term loans. Fix and flip investors use funds from the hard money lenders to buy and repair the damaged property. They then pay the private lenders after the selling the refurbished houses. Some hard money loans are paid in a lump sum rather than installments.

Bridge fix and flip lenders

Bridge loans are another source of instant loans that fix and flip investor can take advantage of. These are short-term loans whose repayment period can be as little as two weeks. Bridge loans are also secured against real assets. One identifying characteristic of bridge loans is that they are paid back in a lump sum. Fix and flip investors use bridge loans to cover urgent expenses while waiting for bigger loans from other sources.

Fix and flip line of credit lenders

A line of credit is a loan in which the lender allows the borrower to draw cash up to a set limit. In property lines of credit, the value of the collateral determines the drawing limit. Typically, the drawing limit does not exceed 40% of the collateral value.

What do to next

If you think a fix and flip loan is what you need – then contact us. We take a very streamlined approach to hard money, using artificial intelligence to help cut down the time it takes to fund your next project.

Delancey Street is here for you

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"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

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