What is an asset based loan? An asset-based business line…
Stockton Fix and Flip Loans
Stockton Fix and Flip Loans
Delancey Street is a premier California fix and flip lender. We fund fix and flips in Stockton, and are here to help you. Regardless of the size of the loan, or the type of property, we can help. We believe that fixing and flipping requires a fast lending partner. We’re here to fill that void and help you.
Fix and Flip loans deal with the art of flipping houses. When someone “flips” a house, they buy a piece of bargain real estate, fix it up to add value to it, and sell it back for what can amount to a big profit. That’s the way it goes in an ideal world, but there are times when flipping a house won’t go as planned. That’s why good planning and having experts on your side is so important. You’re going to need a few good people who are going to be there with you throughout the endeavor, and perhaps the most important people on your side are the hard money lenders who will fund your project. Without money, flipping a house simply isn’t possible.
How Flipping a House Works
You need to buy a house in order to flip it. That’s the obvious statement. What isn’t often explained, though, is just how difficult it can be locating a house which is a “bargain.”
Once you’ve located the prime piece of real estate that you want to flip, you’ll need to get estimates for your potential repair and improvement. How much is it going to cost to flip this house into something that’s more profitable on the market? Do you have the funding to do it? One of the most important questions before buying the house is, “Do you have enough money to flip the house and make a profit?” At Delancey Street – we can help you come up with the answer. We are a team of hard money lenders who can show you how to make the most of a hard money loan for your real estate investment.
Stockton Fix and Flip Lenders Who Work Fast
So how does all this work? When you take out a traditional loan from a bank, it’s based on your credit rating and your income. That means only people with the best credit ratings and higher income brackets will be able to take advantage of VERY large loans from banks. And that’s exactly the type of loan you need to successfully flip a house: A loan that’s big enough to get the job done from start to finish. While there will be some folks out there who qualify for this type of loan, the majority of you who want to flip houses simply won’t qualify for a traditional bank loan or other forms of lending.
That’s where Delancey Street and our hard money loans come in. With “Hard Money Loans” you’re going to qualify based on your idea, not your credit rating or your income. That’s because the line of credit your receive will be based on just how much your flipped house will be worth someday. We do require documentation, but that’s all part of good house flipping anyway. You want to know that “If I do X, then I’ll receive X amount of dollars.” If you execute your plan, you could make that statement true, and the ideas we look at that follow the road to success are loans we’re going to approve. We love creativity, and we love people who get out there and do the hard work it takes to flip houses. It’s one of the things we most admire in the investing world, and it is our great honor to have the opportunity to bring your dream of flipping a house to life through a good hard money loan. Yes, the interest rates on hard money loans are higher, but you’re approved quicker, get the cash you need, and you’re going to be able to take our loan and create a good, solid profit for yourself. That might not be something that happens without one of our loans.
Contact Delancey Street Today
We’ve helped thousands of people get the fix and flip loan they need, and we’d love for you to be our next success story. It all begins with a single phone call or email. Simply drop us a line through email or call us on the phone today to tell us what you have in mind. We’ll go through our list of loan options, answer any questions you might have, and help you begin an application that can literally change your life. Even if you have bad credit, or limited income, you can count on us to lend you money when the idea and timing is right.