Fast Hard Money Loans For Experienced Investors

Delancey Street provides hard money loans nationwide to investors who have a verifiable track record. We fund up to 70-80% LTV, and focus on residential projects such as: buy and hold, fix and flips, and commercial real estate acquisitions. The biggest factor we look at is the experience of the investor and the LTV of the project they're requesting assistance with.

80% LTV

We fund loans up to 80%
LTV with no issues.
We DO NOT do 100% financing.

Fast

We promise to treat you
like a partner.
We don't like wasting time

No $ Limit

No limits on what we can
do for you.
We max out at 80% ARV.

70-80% LTV For Seasoned Developers Nationwide

Fix and Flip, Cash-out Refinance, and Acquisition Loans
For Experienced Real Estate Developers.

We Fund Real Estate Projects Nationwide

We fund projects nationwide, ranging from fix and flips, to commercial acquisitions. Bottom line, we can help - regardless of the size, or difficulty of the project. We do not do 100% financing - and prefer working with experienced real estate investors.

Recently Funded Projects

Hard Money

Financing for fix and flips, commercial estate, and acquisitions / refinancing
Financing up to 70% of the After Repair Value
We charge 9-10% on average, with no junk fees

Oklahoma Fix and Flip Loans

“Fix and Flip” loans are a broad terminology used to describe any one of a number of financing options that are available to those who purchase properties to renovate and sell them. In reality, there are many different types of loans that can fall under the rubric of a fix and flip loan.

There are several different costs that are associated with house flipping. The first, and most obvious cost, is the purchase price of the property. However, there are also other costs that include renovation of the home, holding costs and transactions cost for purchasing and selling the property. Flippers will need to have financing lined up to cover all of these since an unrenovated home will not fetch a profit.

House flippers have a great deal of options in deciding how to finance their activities. The first type of loan that is popular among house flippers is a hard money loan. This financing arrangement is popular due to the speed in which it can be obtained. House flippers can have their money if they take out a hard money loan in a week or two. Hard money loans are not designed to be long-term options. Instead, they are designed to be a shorter-term arrangement for flippers to get money for long enough until they can renovate and sell a property. These loans are secured by real property. In other words, if the borrower defaults, then the lender will take possession of the property. Because these loans are secured, borrowers need not present the same amount of documentation as they would with a more traditional loan.

Hard money loans are great to get a house flipper started and it gives them a ready source of financing. Once a house flipper has an established business, there are other financing options that become available. One of these options is a business line of credit. This gives a borrower a specific amount of money that they have available to them should they need it. The borrower does not have to take the entire amount of credit, but instead can borrow only what they need for their purpose. The borrower will apply for the line of credit and then can draw on it as necessary. The work is in getting the initial approval. Not every house flipper will be able to receive approval for a business line of credit. Flippers will need to have a track record of dealing with banks and a strong credit history.

House flippers who have equity in their home and do not necessarily need a large amount of money can use a home equity loan as a fix and flip loan. However, you can only borrow a percentage of the equity that you have in your home. This may not be enough on its own to finance an investment property for flipping. Home equity loans are helpful because they can provide financing at an attractive rate. This can be combined with other types of financing to give house flippers the money that they need to purchase a property.

When considering the right type of fix and flip loan, borrowers should weigh the speed at which they can receive the money versus the financing costs for the loan. Financing costs consist of both interest rates as well as closing costs for the loan. Ideally, the best type of financing is one that can be obtained quickly and with a minimum of costs. That financing does not always exist so a borrower will have to decide what is most important to them when they are seeking financing. In addition, borrowers should consider multiple types of financing for one specific project. In other words, house flippers can finance any project using a number of different financing methods all at once. As a house flipper gets a number of successful flips under their belt, financing will become progressively easier. Before that, they will likely have to be creative in lining up the money to successfully flip properties.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

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Delancey Street understands funding like no one else!
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