FIX AND FLIP LENDING IN DELAWARE SINCE 2007
No Hassle Fix & Flip | Fix & Hold | New Construction
DELAWARE HARD MONEY LOANS
Hard Money Lenders Delaware – Delaware is the 2nd smallest state and the 6th least populous state, however it is the 6th most densely populated in the United States. The top industries in Delaware are agriculture, pharmaceuticals and banking which have helped the economy and have been a driving factor for employment. Delaware is also known for being the most tax-friendly state in the nation which is definitely a contribution to its growing population. It is known for being one of the most popular retirement locations as well.
Delaware has such a prime location, within driving distance of many larger cities including Philadelphia, New York City, Baltimore, and Washington D.C. Having these cities at such close range from all areas of the state, make it one of the greatest areas for real estate investment. For Delaware in 2017, the estimated home flipping rate (% of total sales) was 16.4%, and the estimated flipping gross profit was about $78,455 on average. The estimated gross return on investment (ROI) was about 82% on average on these transactions. Delaware has one of the highest foreclosure rates as of 2017, with about 1 in every 744 housing units which has been a major contribution towards flipping opportunities.
Alpha Funding Partners has been lending private hard money to real estate investors in all 3 counties, Kent, New Castle, and Sussex counties of Delaware. Our team is well versed and experienced in the Delaware real estate market and is ready to help put together a custom tailored lending solution for your next project.
FIX AND FLIP IN DELAWARE
Recent Case Study – Funded by Alpha Funding Partners Fix and Flip Hard Money Loans
Delaware Hard Money Lending Highlights
- Fix & Flip, New Construction, Rental & Commercial Bridge loans available.
- ≤70% Loan to Value based off of the After Repair Value
- No Limitations on Rehab Budget in Relation to Purchase
- Minimum FICO 650
- 12 Month Term
- Loan Must Close in LLC or Corporate Entity
- Quick Closings
- Rates from 8.99% to 11.99% – Interest Only
- Origination Fee 2-3 Points
- All Asset Classes Considered
- Loan Amounts Up To $100,000 – $3,000,000