Virginia Beach 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

Virginia Beach Fix and Flip Lenders

What differentiates Trenton hard money lenders from normal lenders?
The most important difference between banks and  hard money lenders is the fact hard money lenders are asset based lenders. They entirely revolve their decision based on on the collateral associated with the funding request. But, traditional banks focus on the borrowers credit and how much money the real estate investor has. It is super important to remember hard money loans are not good for the long term. The purpose of a hard money loan is to be a short term loan that gets you the commercial property you’re attempting to acquisition. Hard money lenders focus on 6-24 month termloans that reap high profits. If you are unable to repay the hard money loan, then the hard money lender can foreclose on your property in order to repay his/her loan.
why is a hard money loan a bad idea?
There’s plenty of reasons reasons why a hard money loan is a terrible idea. For instance, hard money lenders ask for higher rates of interest. This is due to the fact hard money companies think they are taking substantial risks by lending on an investment property – and wish to be reimbursed accordingly. High interest rates make hard money loans economically toxic for some types of deals. In addition, hard money lenders have shorter terms than traditional lenders – that also makes them unattractive. Institutional lender provide 30 year terms but private money lenders offer only 1-3 year terms.
Hard money lenders can help fund your next loan
Hard money lenders serve a very specific group of individuals, i.e. property investors. Hard money lending is a type of bridge term lending, which is secured by property. Specifically, the people who use hard money loans are generally real estate investors – typically, those who are being denied a traditional loan as a result of stringent guidelines.
Hard money lenders exist because they are fast, and offer loans with little to no headaches. Hard money lenders have a fast application system. They expect collateral and do not look at your credit rating. They concentrate on your experience, rather than your credit score. If you have a checkered financial history, it will be easier to obtain financing with a hard money loan as opposed to a conventional loan that’s granted based on your credit report. Below are scenarios where hard money lenders fill a void that traditional lenders don’t touch:
Trenton Hard money loans can be used for fix and flip property investors
Most traditional lenders won’t give you a loan for a fix and flip project. If the home is in poor condition, or there’s some other abnormality with the house, then a conventional lender won’t give you funding. Additionally, most fix and flip potential deals”go fast.” The seller is very motivated to sell the property, and will accept the first deal. Traditional lenders take forever, so by the time the loan is approved – you have already lost the property because someone paid cash for it. For those who have a hard money lender on your side who can close a loan in 5-10 days, you can find the fix and flip property.
Hard money loans are bridge loans
Sometimes, your project goes over-budget and because of this you require additional funds. Some conventional lenders will refuse, because the job isn’t completed. While this can be catastrophic, a hard money lender may be willing to lend you the money. Hard money lenders are delighted to provide money to bridge the gap in funding, and can work with you to fill that void.
Hard Money Loans Can Be Used For Commercial Real Estate Investments
Many real estate investors who need a commercial property can get hard money loans from a commercial hard money lender. At Delancey Street, we fund commercial properties all over the USA, with rates as low as 7%, with terms ranging from 6-24 months. We offer great customer service, with no hidden charges, or bait and switch tactics. We don’t charge prepayment penalties, and there are no income requirements. There are no minimum credit score requirement, and we have minimal paperwork. We offer commercial, hard money loans for multifamily properties, office buildings, retail locations, industrial buildings, and much more. We’ve assisted with a wide array of commercial real estate investors secure hard money for a variety of commercial properties. We work with real estate agents and hard money brokers that are looking to help their clients receive a personal money loan. We have financed countless commercial loans and will work with all kinds of borrowers. Underwriting a commercial hard money loan requires a whole lot of effort and takes an expert team.

Hard Money Loans

Need funding for your next project?

Complete Our Application