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 Lending involves real estate investing. Investors purchase properties that need fixing, fix up the properties and flip them by selling for a profit. The goal is for investors to fix the property with as less a cost as possible and sell it at a higher cost than the property was originally worth. Real estate investors seek to make profits. This is where fix and flip lenders come handy. Fix and flip lenders help investors find ways to flip real estate properties no matter the credit standing, income or time on the job.
Fix and flip loans assist investors in renovations and property purchases. The main goal is to flip for a profit. Most properties are already in distressed conditions, and the investors job is to fix them up to get the properties ready to sell as quickly as possible. House flipping, when done successfully, can bring in a nice profit and higher annual returns for real estate investors and enable them to be able to repay their loans. There are several types of fix and flip lending options, including:
Are there guidelines for Fix and Flip Properties?
Many distressed properties that investors are interested in, who have an intention of flipping for a profit, do not meet general guidelines to be financed by the FHA. This is why fix and flip loans are important to investors who could not otherwise gain traditional financing. This type of lending is mainly gained through financing from hard money lenders, and is good for investors with questionable credit histories, or little to no credit. The reason you are able to be financed without as much credit is because the lender makes their decisions based off of the property itself, and not necessarily the borrower. The lenders use capital or collateral from investors to fund the fix and flip loans for real estate projects. This is different from traditional mortgages, where a credit score is generally required, along with job history.
The main thing to understand about fix and flip lenders is that the loans generally include short terms. The most common term is one year. Payments will be based on the lenders providing the real estate financing. It is important to be sure that the real estate property will be able to be flipped once it is fixed up. This will ensure that you will be able to repay the lender for providing the note to you. The worst case scenario is that the hard money lender can foreclose on and take over the property.
The lending process is based on your ability to provide collateral to prove to the lender your dream is worth investing in. The process can be arduous. Work on forming relationships to show that your real estate investment is worth it. Paying the loan based on the lender’s terms will be beneficial in building your history with the lender in the event you will want to borrow funds again for another fix or flip real estate investment.
If you are in the real estate investing business and wish to get pre-approved or finance a specific property, one of Oakland’s most reputable lenders, Delancey Street works with people by making investments a top priority. Delancey Street focuses on providing access to flexible fix and flip lending options for various types of real estate investors.
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