Iowa Fix and Flip Loans

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

1

High LTV

We fund hard money loans up to 80-90% LTV with no issues.

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

Raised
APR
ARV
1,200,000
11%
82%
100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

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

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:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

Iowa Fix and Flip Loans

Finding the property is the first step to flipping a house. After you find your home, the next step is finding the finance you need for your flip. If you are not wealthy, you will need a loan to finance the four parts of your house flip. These parts include the house purchase, the holding cost, labor and material cost, and the realtor and closing cost. Your house flipping income is seasonal. Hence, finding a loan in a bank is not the best route for you. Therefore, here is a list of other loan alternatives for your flipping needs.

1. Friends and Family
This is the best loan option for you is you are a first-time flipper with family, friends, and acquaintances that are willing to invest in you. Your network and connections can be the right place for you to start to fix and flip loans. Also, the connection that you have with these people might give you the lowest interest rates. However, get the terms of the loan in writing and specify the interest rate and the return period. Also, follow all security laws and IRS laws that correlate with family investments.

2. Partner
Finding a financing partner will work best for you if you have exceptional market knowledge and if you have experience with flipping renovated houses. This will also be beneficial if you have a decent connected personal network. A partner will help you to find the flipping property, to plan and manage the renovation, and to supply the financing. You can even use one partner for all your projects or a different partner for each project.

3. Home equity Loan
This type of loan is best for those flippers that own homes with at least a twenty percent equity in their primary residence. A home equity loan will give you funding that you can draw as needed. All you have to do is pay the interest on the money that you use. However, if you want to borrow a significant amount of money, you might be required to have equity of more than twenty percent. This loan will also need you to have a good monthly income and a good credit to pay off your mortgage and HEL. You can get up to eighty-five percent of the value of your primary residence from most banks.

4. Personal Loan
A personal loan will work best for you if you are a house flipper who needs a small amount of money but has good credit. Also, this loan is flexible, and the rates are as low as five percent. All you have to do is pay the loan back in installments within a period of between five and seven months.

5. 401 (k) Financing
This is a loan for people that have significant retirement savings. However, it is not recommended for people that are close to retiring. All you have to do is to take a loan from your 401 (k) and pay the interest on the loan. Most 401 (k) accounts will let you borrow up to fifty percent of the balance.

6. Seller Financing
Seller financing is perfect if the seller is supporting of structuring the sale in an unconventional manner. This means that the homeowner will act as the lender where he finances the fix and flip deal. This loan benefits the seller and the flipper because they both make profits from the sale. However, ensure that the financing deal is in writing to protect both you and the seller.

7. Hard Money Loan
If you have struggling credit and cannot arrange your alternative financing methods, this is the loan for you. Hard money loans are the loans you get from individuals and private investors. You can get this loan in two weeks without high qualifications. However, the interest rate for this loan is higher with an added track on fees. Therefore, consider other options before applying for a hard money loan.

8. Business Line of Credit
This loan is best for an experienced flipper who has a history of making regular income and successful deals. A business line of credit will offer you a specific amount of money, but you will only pay for the amount that you use. Hence, this loan is perfect if you are unsure about your financial needs. Apply for this loan at your local or smaller community bank since the interest rates are also low. However, you need an excellent credit score.

Conclusion
Many flippers implement a combination of these methods to finance their projects. Therefore, flip more houses to become more eligible for loans among lenders and investors.

Hard Money Loans

Need funding for your next project?

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