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 loans deal with the art of flipping houses. When someone “flips” a house, they buy a piece of bargain real estate, fix it up to add value to it, and sell it back for what can amount to a big profit. That’s the way it goes in an ideal world, but there are times when flipping a house won’t go as planned. That’s why good planning and having experts on your side is so important. You’re going to need a few good people who are going to be there with you throughout the endeavor, and perhaps the most important people on your side are the hard money lenders who will fund your project. Without money, flipping a house simply isn’t possible.
How Flipping a House Works
You need to buy a house in order to flip it. That’s the obvious statement. What isn’t often explained, though, is just how difficult it can be locating a house in a modern market that caters to bargains anyway. You don’t just need “a bargain.” You need the bargain of all bargains, and only a good real estate agent can help you locate it. Talking to real estate investors before you invest will give you an idea of whether or not you have any hope of flipping a house at all.
Once you’ve located the prime piece of real estate that you want to flip, you’ll need to get estimates for your potential repair and improvement projects. How much is it going to cost to flip this house into something that’s more profitable on the market? Do you have the funding to do it? One of the most important questions before buying the house is, “Do you have enough money to flip the house and make a profit?” The people at Delancey Street can help you come up with the answer. We are a team of hard money lenders who can show you how to make the most of a hard money loan for your real estate investment.
So how does all this work? When you take out a traditional loan from a bank, it’s based on your credit rating and your income. That means only people with the best credit ratings and higher income brackets will be able to take advantage of VERY large loans from banks. And that’s exactly the type of loan you need to successfully flip a house: A loan that’s big enough to get the job done from start to finish. While there will be some folks out there who qualify for this type of loan, the majority of you who want to flip houses simply won’t qualify for a traditional bank loan or other forms of lending.
That’s where Delancey Street and our hard money loans come in. With “Hard Money Loans” you’re going to qualify based on your idea, not your credit rating or your income. That’s because the line of credit your receive will be based on just how much your flipped house will be worth someday. We do require a lot of documentation, but that’s all part of good house flipping anyway. You want to know that “If I do X, then I’ll receive X amount of dollars.” If you execute your plan, you could make that statement true, and the ideas we look at that follow the road to success are loans we’re going to approve. We love creativity, and we love people who get out there and do the hard work it takes to flip houses. It’s one of the things we most admire in the investing world, and it is our great honor to have the opportunity to bring your dream of flipping a house to life through a good hard money loan. Yes, the interest rates on hard money loans are higher, but you’re approved quicker, get the cash you need, and you’re going to be able to take our loan and create a good, solid profit for yourself. That might not be something that happens without one of our loans.
We’ve helped thousands of people get the fix and flip loan they need, and we’d love for you to be our next success story. It all begins with a single phone call or email. Simply drop us a line through email or call us on the phone today to tell us what you have in mind. We’ll go through our list of loan options, answer any questions you might have, and help you begin an application that can literally change your life. Even if you have bad credit, or limited income, you can count on us to lend you money when the idea and timing is right.
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