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.
Fix and Flip loans have become a popular form of real estate arrangement for the fix and flip artists that appeared in the real estate market over the last decade. These folks spot a run down single family home, fancy fixing it up just to sell it, and then sell it off for a big profit (that’s the flip). And how do you make all of this magic happen? You get a fix and flip loan from a reputable lender like Delancey Street. We fund the dreams of people who long to do this for a living, or who simply wish to try their hand at it once. Be warned though: Fixing and flipping houses isn’t nearly as easy as it looks like on television. It takes tremendous vision and planning in order to pull off a good fix and flip loan and arrangement.
Investors like Delancey Street don’t lend money based on credit or income. They lend based on the property you’re going to buy. The process is to sit down with you, get all your documentation in, and see what your property might be worth at a projected end date. If the amount is enough, you’re going to use your short-term mortgage as your collateral, and the lender that hands over the money is going to hope you succeed every step of the way.
Hard money loans differ from traditional bank loans and things like payday loans. You’re using a hard asset as your collateral. In this case it’s the home you plan to flip, and we’re with you every step of the way as you go about your flipping endeavors. Most people who flip houses take a tremendous amount of time in the planning stages. Bad planning can spell disaster. Not only will you not make a tidy profit, but you could take a serious loss when you sell back the house on the market. It all depends on what you have planned for the “fix” process. You’re going to need good contractors, competitive rates on everything, and whenever possible you should be able to do some jobs yourself because that’s going to save you in the end on the labor of flipping the house.
When you take out the hard money loan, you’ll have all the cash you need to move forward with your project. That’s a dream for many people who have been turned away by every lender in sight. If your credit is bad and you don’t have a lot of net worth or you don’t have tons of income, you might be turned away by traditional lenders. And that can leave you feeling like there’s no way to get your project done. Enter the hard money loan. Our loans are able to give you the funds you need to complete all of your home repair and improvement projects so that you can flip your house for a big profit at the end. It might be a lot more hard work than you see on TV, with tons of planning with contractors, repairmen, real estate agents, and lenders, but you can bet that the heart of your project is always the vision you have for that house you’re about to sell to a couple or person that truly wants to live in it for the rest of their lives. You have a true human impact on the world when you flip a house. You get all the profit. And they get all the tender loving care that you put into the house over the course of your project. It all starts with hard money funding from Delancey Street.
If you want to buy a house to flip, Delancey Street will be there with you during the entire project, giving you the funds you need to do the job you need to do. Without a great job and a lot of solid planning, you stand to lose money. We’re the pros here, and we’re not going to let that happen. When you partner with us to receive your funds for repair and improve projects, you can know you’re working with a lender who has helped thousands of people achieve their dreams. All of it begins with a simple application and phone call to our office. Let us know what your vision for the home is. Let us know the specifics and the abstract meaning of this project to you and your life. Why is it going to succeed? What can you bring to the table to make it succeed? Answer all of these questions and more and you could have money in your pocket tomorrow to start flipping that house of yours.
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