We help real estate investors get hard money/private money loans for their next project. Money and finances should never be the obstacle that stops you from succeeding. We regularly help 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 – and how we can help you capitalize on it. For years, our team members have been helping people capitalize on opportunities using hard money loans, private loans, reverse mergers, other financial vehicles.
We fund loans up to 80-90% LTV. We look at the value of your property, and your overall business plan when deciding whether to fund you.
We realize deals can disappear if you don't have fast funding. We promise to treat you like a partner, and work fast to help you get funding.
We're a growth focused private money lender. That means we work fast to fund your deal, and there's no limits on what we can do for you.
Residential refinance in Los Angeles, with a loan amount of $830k, at 75% LTV. We were able to help the investor get a loan at 8.99% with a balloon payment after 18 months.
Delancey Street funded a new residential purchase in California, for $1.2 million with 82% LTV. We helped the developer with a loan at 11% with a balloon payment in 9 months.
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire.
When we think of real estate, we usually think of people who buy a house for the sole purpose of living in it. It’s the well-known “dream house” model that most folks adopt at an early age in life. There’s a house out there, and it’s yours and yours alone to turn into your perfect abode of peace and prosperity. Buying a dream home isn’t the only reason that people look at real estate, though. There are also people out there who buy houses for the sole purpose of fixing them and selling them off for a profit. This is called “Fix and Flip” and it’s the passion of everyone here at Delaney Street.
The concept of buying a cheap house and then fixing it isn’t a new one. It has been popularized on television for many years now with hits that home lovers simply love to watch. You get to see the process of selecting a house to flip and then watch as the people earn their keep by finding ways to cheaply repair the house and increase its value. Those shows make it look easy, though. The reality is that you’re going to need the solid backing of a good hard money lender and plenty of cash flow to make sure that the house is successfully flipped. This means that there is a real estate investor behind you that is backing you all the way to your destination.
Here at Delancey Street, we firmly believe that flipping houses is a worthwhile venture and that it can be profitable to our clients and to us. That’s why we’re a full on partner in these ventures. When you’re fixing a house, you need to have a lending agency that truly believes in your enterprise and that’s going to give you all the funding you need to execute your plan. We accomplish this through “hard money” loans that are based on collateral/property. In this case, it’s the house you’re flipping.
During the approval stages, we’re going to look at the plan you have to flip a specific house or houses. The more detailed your vision is, the better able we’re able to see if you’re a good fit for our lending model. We’ve helped thousands of people achieve their dreams in life. Always remember that what we’re buying is your dream. That means you don’t have to have stellar credit or a high income for us to hand over the money to flip your house. All you need to do is construct a solid plan that will let us know you’re capable of accomplishing your dream. A big part of this is the way that you plan to repair the house. The “fix” is what must take place in order for you to successfully flip a house and sell it for substantially more than you bought it for.
If you’ve got some background in home repairs, it’s easy to see how you might be able to cheaply accomplish the work you’ll need to do in order to flip a house. For example, if you’re a plumber, you’re going to save tens of thousands of dollars in labor IF the house you’re going to buy has a plumbing issue that requires a lot of work. If you have a lot of design experience, you might convince a good lender that you’re going to be able to affordably design and add on new rooms to a house and substantially increase its value. It’s all about the obstacles you face and your plan to overcome them. If you’ve got a good plan, we’re likely going to get behind you and push you to succeed.
We love working with people who get things done. That’s one of our frequent mission statements. We love the do-ers, the people who are out here doing and not just talking. To get things started, though, we’re going to need to talk and see what you have in mind for your real estate investment venture. Our team will take their time and let you know about our application process, how we do things around here, and when you can expect your loan to go through. Naturally, your loan is going to be devoted to your house flipping enterprise. We’ll oversee things and make sure that everything goes off according to plan.
Here at Delancey Street, we make investments in ideas, not in credit ratings or incomes. If you’re a person with a bold idea in the world of real estate, we’d love to sit down with you and discuss your plan to get things done. Just write to us today, give us a call, or stop by and see us when it’s convenient for you.
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