Philadelphia Fix and Flip Lenders

We empower 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

1

High LTV

We fund hard money loans up to 80-90% LTV with no issues.

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

Raised
APR
ARV
1,200,000
11%
82%
100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of builders, developers, hard money lenders, and entrepreneurs. We understand your project has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Hard Money Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification Project and LTV matter. We don’t care about your credit.
Maximum LTV 80-90%
Loan Terms 12-48 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get pre-qualified

  • Looking to purchase a property
  • No obligation and no effect on y
Get pre-qualified today

Philadelphia Fix and Flip Lenders

Philadelphia Fix and Flip Lenders

Delancey Street is a premier Philadelphia fix and flip lender. If you are a fix and flip real estate investor, we can help you get the funding you need. Fix and flip describes an investment transaction, in which a party invests in a property needing repairs for the purpose of rehabbing it for sale at a later time. The fix stage consists of a series of repairs and remodeling efforts. The flip stage consists of selling the rehabbed property to another party. The primary goal is to increase the market value of the property and to later sell for an amount much higher than the original purchasing price.
Common repairs to a newly acquired property include room additions like finishing a basement or adding a bedroom. The roofing may be upgraded and the kitchen remodeled as a part of the process. Steps are taken to boost the property’s curb appeal to woo in prospective buyers. Knowing which repairs will generate the greatest return in terms of enhancing the value of the property is the biggest challenge. Understanding how much to invest in those repairs is another critical factor in increasing return.
The moment the property is finished, it is listed for sale. The process of finding a new buyer or renter to live in that property constitutes the flip portion of the deal. The new buyer will take out financing to purchase the property. The closing occurs when the buyer completes the transaction. The investor should exit the deal with a considerable return on their investment.
Fix and flip investing is nothing new, but it has become popular due to cable television shows.
There is plenty of opportunity for newbie investors to get involved in fix and flip projects. Delancey Street helps new and seasoned fix and flip investors alike get the funding they need. We provide Philadelphia Fix and Flippers with the rehab loans they need to purchase properties. We provide fix and flip loans for people with no credit, or poor credit.

Philadelphia Fix and Flippers can’t turn to traditional lenders

In order to qualify for traditional lending used to purchase a property, certain guidelines must be followed. This means that a lender providing loans through Fannie Mae or Freddie Mac wouldn’t approve a loan for this type of property.
The majority of the fix and flip loans are funded by private or hard money lenders. Fix and flip lenders issue loans based on the value of the asset. The asset is the property.  Private and hard money lenders will examine the property under consideration. They will discuss what repairs need to be made and inquire about the purchase price. The decision to lend is based on the property, not the borrower. This means you can secure financing with any type of credit. You don’t need income, assets or job history to qualify.
How can private and hard money lenders do this?
Capital from private investors used to fund the project aren’t regulated in the same manner as traditional mortgages.
The average fix and flip loan is short-term with a repayment period of five to twelve months. Since the loan is short term, you will not have to make payments during the term of the loan. You are supposed to sell off the property and pay off the loan. If you don’t do this, you run the risk of foreclosure.
What’s next
Delancey Street is a premier Philadelphia fix and flip lender. We provide rehab loans / fix and flip loans, for virtually any type of property in the city of Philadelphia.. If you find a property you love, and one that you can “turn around,” we encourage you to contact us. We have funded properties all over the USA, and can help you get funding for your next fix and flip venture. We understand the difficulties you face when getting funding for a fix and flip.
What we look for in a fix and flip property
Most fix and flips are simple on paper. You tell us how much $ you need to buy the property, how much money you will invest fixing it up, and how much you can sell it for. Give us a business plan, showing an estimate of construction costs, how long it’ll take to do the construction, and when you will repay loan.
All of this information will help us give you an offer on how much money we can lend you, and at what rate.

Hard Money Loans

Need funding for your next project?

Complete Our Application