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.
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.
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.
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.
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