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

Los Angeles Hard Money Loans

Best Los Angeles Hard Money Loans

Delancey Street is a trusted, and well known, Los Angeles residential hard money lender. We provide hard money loans to entrepreneurs looking to buy a residential home, and then make improvements to eventually flip it. We understand doing fix and flip requires money. As a premier fix and flip lender in Los Angeles, we are specialists in providing asset based residential fix and flip hard money loans. We offer loans to borrowers in Southern California, and also for a variety of ventures, ranging from rehabbing, to remodeling, including condo purchases. We can help you get the financing you need for your next Los Angeles fix and flip job.

We have provided over $50 million in both commercial and residential loans. We help entrepreneurs with poor credit, no credit, bankruptcy, or foreclosure, get funding for their next fix and flip loan. If you are in Los Angeles and need money immediately, we can provide you with the financing you need to make your goal a reality. We provide Los Angeles fix and flip hard money loans with super easy terms, and low interest rates starting at 8%
Real estate investments can be some of the most lucrative of all investments. If you invest in the right property, and have a good lender behind you, you can truly get things done in this industry. Fix and flip loans make it possible for anyone, even those with bad credit, to benefit from real estate investments. A traditional fix and flip loan is a hard money loan that helps someone, regardless of credit history or income, buy a bargain house, fix it up, and sell it back for a profit. Unlike traditional real estate purchases where someone buys a house so that they can live in it, a fix and flip buy is done solely for the purpose of making a profit when you put the house back out on the market.
Short-term mortgages cost money, as does the repair and home improvement projects of a fix and flip venture. These two things are what a hard money lender like Delancey Street will help you with. The application process is incredibly simple and introduces us to the basics of your project and your personal or business information. No matter what your plan is, there’s a great chance that we can help you get a fix and flip loan that will feature competitive interest rates and great customer service/guidance along the way. That’s because we know a LOT about these loans.

No Credit Check Fix and Flip Loans

There aren’t many loans in the world that you can get even if you have bad credit and limited income. Most lenders want to know that you already have the money to repay them, regardless of how your enterprise goes along the way. With hard money loans, things are different. You’re not going to be approved because your credit rating is great or because you have a huge income. In fact, you may have very little income but still need a large sum of money to purchase the house you have your eye on for a fix and flip. With hard money lenders, we use your property – in this case your house – to approve you for the loan. That makes us a part of the venture and it means that we will be able to add in our guidance to you along the way. And that’s not a burden to you. We love partnering with people who have great fix and flip ideas and who trust us to be with them every step of the way. It’s why we’ve been successful in our own business. Our keen eye for winning ideas is what keeps us enthusiastic about all of our business ventures, and while things can always get muddled along the way, a fix and flip can be done the RIGHT way, and it will rarely fail if the proper planning has been done. We truly believe in this model of real estate investment.
Since you don’t have to have a great credit rating or minimum income, it’s easy to get you set up and approved for this loan IF you have the initial business plan and planning for your fix and flip venture. It’s our job to ensure that your plan is solid, and we will certainly talk with you at length about just why your fix and flip is going to work. We strongly believe in the power of people to achieve their dreams, and we’d love to help you achieve yours.

Why You Should Call Today

As we always mention, Delancey Street is a firm that believes in the go-getters. We love people who love to “do” in the world, and anyone who is thinking of fixing and flipping a house certainly has a full agenda ahead of them. This can be an extremely hard venture to research, as houses on the market today tend to be value priced quite often. This is the opposite of the old days when many houses were priced at higher values. Now you can get a bargain every other day. That doesn’t mean that some bargains aren’t still well-suited to the fix and flip model of investing, and we’re here to make sure that YOUR specific fix and flip enterprise is going to land you a tidy profit.
Call on the folks at Delancey Street today to get started on your fix and flip loan application. We’ll take the time to answer all of your questions, listen to your concerns and comments, and let you know just why we’re the right lending agency for your specific fix and flip job. If you like what you hear, and everything is all set in the application, we’ll start a long and fruitful partnership that will work out well for both lender and borrower.

What Factors Go Into Determining a Home’s After Repair Value?

When an individual buys a home with the intent to flip it, it is important to know how much it will be worth after repairs are made. This is known as the after repair value (ARV), and it can determine how profitable a project may be. It may also determine how much a hard money lender may be willing to give someone attempting to flip a property.
Location Is the Most Important Factor
Much of a home’s value is based on where it is located. Homes that are located in trendy neighborhoods, in affluent suburbs or by schools are generally worth more than those outside of these areas. If a property is located close to an entertainment spot or relatively close to a major highway, it may also be worth more on the open market. However, it is important to note that a property may be worth less if it is located too close to the highway as there may be a constant noise.
The Size of the Home May Influence Its ARV
In many cases, homes are priced per square foot. Therefore, a house that is 3,000 square feet is generally worth more than 2,000 square feet. Assuming a property will be appraised at $100 a square foot, a 3,000 square foot house would be worth $300,000 while the 2,000 square foot house would be worth $200,000. Before deciding to build the larger home, make sure that there is demand for that extra space as well as demand for homes at the resulting price point.
What Types of Features Will the Home Have?
The value of a home after it has been repaired depends on the types of features it will have. Properties that have decks, pools and hot tubs may be worth more than homes that don’t have such amenities. Finishing a basement or adding central air may also increase the value of a house assuming that surrounding properties don’t have these features.
However, it is important to note that those who live in colder climates may not necessarily care if they have central air or a pool. Those looking to rehab a home should research the potential return on investment of these features before adding them. This may be done through an online search or by talking to a local real estate agent.
How Strong Is the Housing Market?
When there is a strong demand for housing, the potential value of a given home may be higher. This is partially because there may be fewer available homes on the market. It may also be because investors may be willing to pay more for the opportunity to rent that property at a premium rate.
It should also be noted that houses that are repaired during times of strong demand generally don’t stay on the market long. If a property is not sold within 30 days, potential buyers may start to wonder if there is something wrong with it. This may result in the need to reduce the price or make other concessions to sell it.
Look at Recent Home Sales
In any housing transaction, sales from the previous six to 12 months can be a barometer for how much your home will be worth. Therefore, you may want to look at recent home sales involving properties that are roughly the same size as your home and will have similar features. It is also important to only compare sales of homes in either the same neighborhood or the same area of town where your property is located.
Use Your Best Judgment
In some cases, determining an ARV takes some subjective reasoning. For instance, you may think that a neighborhood is about to become the next trendy place for young people to live. However, a hard money lender may not agree with your assessment. In such a scenario, it may be a good idea to get an appraiser who does agree with your assessment to write a report solidifying your position.
It can be challenging to project the value of a home after repairs before any work has been done on the property. However, taking factors such as location, features and square footage into account can give you a good idea of what the property will eventually be worth.

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
10 Essential Mobile Apps for Small Businesses on the Go

Today, businesses do not require a brick and mortar location…

10 Indicators Time to Expand Your Business

As an entrepreneur, you are always looking for the next…

21 Overlooked Small Business Tax Deductions You Need To Know

Small businesses owners are often oblivious on how much money…

WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now