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.
Over the last decade, flipping houses has become a popular pastime and terminology in American culture (among a few others). The idea of buying a house just to fix it and flip it for a profit isn’t a new one, but the real estate markets of over a decade ago made it an ideal venture. Houses weren’t frequently bargain priced, so if you found a bargain it was possible to take quick advantage of it, fix the house up for a huge profit, and then easily sell it. Times have changed since then and fix and flip strategies continue to evolve. They work for a good many people who try them as long as a few prerequisites are met.
Good experts behind you
It’s vital to have a good group of people backing you during your project. No one can flip a house all by themselves. You’ll need expert real estate agents, good lenders who are patient enough to give you the funding you need to do a great job, and contractors that offer competitive pricing so that you can save on repairs. It doesn’t hurt to be a home improvement wizard either, although it’s not necessarily a must. There are many people who are great at home repair who will offer their services at a discount if they truly believe in a project.
Planning is never the funnest part of a fix and flip venture, but it’s necessary. You need to make sure that you scouted a house in a good location. So many people make the mistake of thinking a house is bargain priced because of the house itself. Sometimes the house is in great shape with few repairs needed. It’s just in a neighborhood that people aren’t going to want to live in. Buying a house like this can sink your project from the beginning, so that takes us back to point one: Good experts! Make sure you have them, and make sure they’re not afraid to tell you, “No, this isn’t a good idea.” It can save you time and it will certainly save you lots of money.
While you don’t have to be a wizard at home improvement to flip a house, it’s going to pay to learn or to have the skills already going forward. Being able to do a job yourself saves you thousands on labor and so it’s going to add to your profit at the end of the flip. If you are going to be flipping houses, learn as much as you can about home improvement and repairs. It’ll save you lots of dollars in the end, and it’ll definitely save you time because you won’t have to be sifting through resumes of people to hire for jobs. You can do it yourself.
The lender for your project is always important. They’re likely going to be a hard money lender. This means they lend you money against the property you’re busy flipping. Since it’s your short-term mortgage you’re using to secure funding, your interest rates will be a bit higher than they would be with traditional loans, but hard money loans are easier and faster to get. Things won’t be tied up because you’ve already got the property you have your eye on. The lender can use this to get you approved, and they can even help you during the negotiating and buying process. Once again, having experts like those at Delancey Street on your side will help you throughout the process.
Once you’ve got the cash in your pocket, it’s time to flip that house! Execute your plan thoroughly and stick to your guns. The good experts by your side have let you know what’s a good idea and what isn’t. Having the money you need is going to be the only thing that helps you get your project under way and having proper funding all along will ensure that you see your project through to the end. To do that, you need a good hard money lender.
Delancey Street has experts with decades of experience in hard money loans. We know how to make these types of loans effective for your final profit. What you need is competitive interest rates, good financial knowledge, and a firm that believes in you. All three of those things are waiting for you here at Delancey Street. If you’re ready to get started, just give us a call today or start your application. We’ve love to hear your ideas. At the heart of everything will be your ideas and vision, and that’s exactly what we invest in here. Apply today or call us to set up an appointment.
If you're in the #cannabis industry and thinking of going public, read this great article on our blog! https://t.co/ptKrJ4TatM
Hi this is a test tweet!#test
Just setting up my Twitter. #myfirstTweet