New York Fix and Flip Loans

Get funding for your next project from a top hard money lending institute.

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Considering a hard money loan?

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.

  • High LTV

    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.

  • Fast

    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.

  • No $ Limit

    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.

Do you need a loan for real estate projects?

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Recently Funded Projects

Residential Refinance

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.

Raised APR ARV
$830,000 8.99% 75%

Residential Investment

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.

Raised APR ARV
$1,200,000 11% 82%

Allen Park, MI Rehab

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.

Raised APR ARV
$135,000 9.0% 63%

New York Fix and Flip Loans

Real estate investments can be some of the most risky in the business. And you need a lot of money to start out with, so they’re also some of the biggest loans in the business. The majority of people take out a real estate loan so that they can buy a business for themselves or rent a property that will allow the business to function daily. Others take out real estate home loans so that they can buy a home to live on. In recent decades, though, there’s been another type of real estate loan called a fix and flip loan that enable people to buy a home for an entirely different reason.

You may have seen shows like “Flip This House” or “Flip or Flip,” and both of those shows fall into those beloved home improvement channels people have come to know and love over the years. These shows highlight the fix and flip loan model. You buy a single family home that has fallen into disrepair, or maybe it’s just not as nice as it could be, and so it’s selling for far less than you believe the home could sell for. In the real world, you’re going to buy this home to be your dream home, fix it up, and live in it. The flip is entirely different, though. People take out a real estate loan – in slang terms called a fix and flip loan – and then they fix up the home so that they can SELL the home for a profit. This model has proven lucrative for thousands of people in recent years, and that’s why Delancey Street offers loans of this nature.

A fix and flip loan will typically be a hard money loan. That means you’re borrowing against an asset. In this case, the asset is the home that you want to flip. In order to qualify for the loan, you’re going to need something besides a great credit rating or huge income to show off to the lender. Instead, you need to show that your repair and improve plan to “flip” this house is going to succeed. That means getting the backup of experts who can attest that, yes, if you follow your plan to flip this house, you’re going to make a profit for yourself and the lender. And that’s where the magic begins.

Bad Credit is A-Okay!

You don’t need stellar credit or even a sizable income to take out a fix and flip loan. All you need is to prove that your plan to flip the house is going to work. You might have spotted a run down house in a prime location, and if you can only add a couple of rooms onto the house, you’re going to make a killing when you put it back out on the market. Your loan is going to finance the short-term mortgage you need in order to buy the home and flip it.

It takes a tremendous amount of work to flip a house, and it takes just as much work to show that your plan for flipping the house is going to succeed in today’s very fickle real estate market. Unlike in days past when bargain homes were a rarity, today there’s a deal behind every corner. And people can search through homes on the Internet, too, making it easier to relocate or simply ignore a house that doesn’t live up to their standards. Gone are the days when people are backed into a corner and need to buy buy buy quickly. There’s always another choice now.

So it’s vital that you have a solid plan going into your fix and flip loan. Your lender can examine your plan, give their own input, make terms and conditions that will suit you AND them, and then you can go into your project with all your heart, money in hand to succeed. If you’re going to flip a house, that’s the one thing you MUST have. You need the funds to do it, and you need a good lender that believes in you and will help you make your dream come true.

Call Us Today

We invite everyone who wants to fix and flip a house to give us a call and inquire about the type of financing we have available for you. As a hard money lender, we’re interested in the hard assets that you have to deal with, and that means your house and the plan you have to fix and flip it. We’ll bring all our experience in the industry, along with some good old-fashioned friendliness into the mix, to make sure that you get the kind of loan you need to make your project work.

Do you need a loan for real estate projects?

Getting Started Is Simple & Easy
  • Contact us regarding your opportunity
  • We’ll reach out to you, and discuss the specifics
  • We finalize the transaction and help you
Get pre-qualified for a potential investment
  • Get pre-qualified for your next real estate purchase
  • Risk free – with no credit check, or any commitments

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