DELANCEY STREET

Here's Who We Are

We're a Direct Lender

We’re a direct lender who funds small business owners nationwide, regardless of industry, credit, or time in business. We fund it all. GUARANTEED.

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We Provide Multiple Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

Fast Approval

Our application process is completely online. You can get funds in your bank account in literally 24 hours.

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.

Apply

Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.

Approval

Receive application approval in as little as 24 hours. There is no credit check required.

Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Recent Funded Business

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

Truck Funded

Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

Get a Decision in as Little As 30 Seconds

We’re Fast. We Help Regardless of Credit. WE HAVE A SOLUTION FOR YOU.

Apply Online

We have a completely online application process, which is simple and easy.

Get Offers

We'll match you with the best loan offers we have that are financially responsible.

Get Funded Quickly

We'll fund you the same day you accept our offer.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

Compare Our Loan Offers

We give you a few different loan offers based on your scenario and what options you qualify for.

Choose Your Loan

Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

Get Funded

Once we get all of the documents back, we'll get you funded ASAP.

We Help You Grow

After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Business Loans

Get business loans ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

Seattle Fix and Flip Loans

Savvy real-estate investors know that a fix-and-flip loan is one of the best investments in the Santa Clarita real estate market. Southern California’s real estate boom shows no sign of stopping. As homebuyers look to get further away from L.A.’s smog and congestion, beautiful, clean cities like Santa Clarita go at a premium. Everyone wants natural beauty, convenience, and style, and Santa Clarita offers all three.
Many homebuyers also want a home that’s move-in ready. Millennials show an increasing preference for homes that need no work. With their busy lifestyles of juggling careers, kids, side hustles, and night school, they have no time for weekend projects. They barely have enough time to move in.
As new families pour into Santa Clarita, the demand for renovated, move-in ready homes has never been stronger. Though Californians know Santa Clarita as a high-priced, in-demand city with high real estate values, many below-market properties remain available. These properties need a little—or a lot—of TLC. In a hot market like Santa Clarita, that means fix-and-flip investors profit big time.
How a fix-and-flip loan helps you profit
Fix-and-flip loans help investors make big profits because they are structured as business loans rather than consumer mortgages. As business loans, their criteria for approval is much different. Fix-and-flip loan lenders look for investors with great deals, as opposed to investors with great credit.
The keys to a fix-and-flip loan are speed and short terms. Investors do not take fix-and-flip loans with the intention of carrying them for 30 years. They take fix-and-flip loans in order to secure the property, fix it, and sell it. By offering short-term loans that serve this need, lenders provide the investors with the cash they need to turn their profit with a minimum of interest and fees.
Even more important, fix-and-flip loans provide the investors with fast approvals. Fix-and-flip lenders design their loans with streamlined approval processes because investment property purchases are highly competitive. When a home with huge investment potential hits the market, many investors vie for the opportunity. In hot markets like Santa Clarita, making money on a fix-and-flip property requires finding a below-market property.
When you find that perfect gem with huge profit potential, chances are many other investors will want it as well. If your lender takes weeks or months to grant approval, as happens with traditional lenders, the property will be long gone before you have a chance to make an offer. With a fix-and-flip lender like Delancey Street, you get your approval in days, allowing you to close that deal before the competition.
How fix-and-flip loans differ from traditional mortgages
A traditional mortgage lender focuses on the borrower’s credit history and income. They use FICO scores to predict the likelihood that the borrower will pay his or her mortgage on time. They analyze the borrower’s debt-to-income ratio to see if the borrower is likely to run into debt trouble. They even penalize borrowers for having unused credit lines, simply because the borrower could use them to get into too much debt.
Underwriters at traditional mortgage companies also look closely at income. They need to see not only that it is sufficient, but that it is long lasting. After all, they plan to give the borrower a 30-year mortgage. Traditional mortgage lenders also require a down payment, usually of 20 percent, in order to ensure that the borrower remains committed to maintaining the property.
With a fix-and-flip lender, FICO scores, income histories, and down payments are not required. Approvals are based on the profitability of the deal, not on the likelihood that a borrower will continue making payments for decades into the future. This distinction is one of the reasons that fix-and-flip loans are approved quickly.
Profit means everything
When you apply for a fix-and-flip loan, the profit seals the deal. A fix-and-flip lender analyzes the purchase price, the cost of the renovations, and the price at which the property can be flipped. When these numbers demonstrate big profit making potential, the fix-and-flip loan gains approval. The lender knows that the investor is able to make payment on the loan because the deal provides sufficient profit.
Succeeding in the fix-and-flip business takes effort, patience, and the ability to size up profit making opportunities. For those willing to hunt for the best fix-and-flip opportunities and put in the effort of fixing and flipping them quick, the profits can be astounding. Besides the entrepreneurial spirit and some hard work, success in the fix-and-flip business takes a lender that understands the Santa Clarita real estate market and closes on strong opportunities without hesitation. When you team with an aggressive, experienced fix-and-flip lender like Delancey Street, you win.

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
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Delancey Street understands funding like no one else!
Steven Norris
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If you have questions, feel free to shoot us an email, or fill out our live chat.

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