Preferred Line of Credit
Rates as low as 8.5%
The Preferred Line of Credit from DLP Direct Lending Partners provides real estate investors pre-approved financing, customized to their business scaling needs. Whether you are focused on flipping, building, multifamily, or any combination of those, this product allows investors the flexibility needed for a dynamic portfolio. DLP is a balance sheet lender controlling 100% of their financial decisioning, which streamlines the financing process for individual investments.
- Fund up to 100% of your acquisitions.
- Proof of funds for all offers.
- Line of credit from $1 million to $20 million.
- Interest rates from just 8.5%.
- Reduced due diligence fees.
- Reduced origination points paid per closing. On average, 50% reduction in points.
- Ability to cross-collateralize.
- FAST underwriting.
|Line of Credit Facility Terms|
|Line of Credit Facility Size||$1,000,000 – $20,000,000+|
|Length||12 – 24 Months|
|Line of Credit Origination Fee||as low as $2,500|
|Legal Fee||$2,500 (one time fee)|
|Line of Credit Loan Draw Terms|
|Property Type||Single Family and Multi-Family; Commercial is considered on a case-by-case basis|
|Purpose||New Construction | Fix/Flip and Fix/Rent | Refinance|
|Location||AL, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MD, NC, NJ, OH, OK, PA, SC, TN, TX, UT, VA, WI, WV; Other states are case-by-case and subject to adjusted pricing and guidelines|
|Exit||Sale or Refinance|
|Loan Term||6 – 12 Months|
|Loan Extensions||Up to 6 Months|
|Interest Rate||as low as 8.5%|
|Upfront Appraisal & Inspection Fee||From $595 (pass-through cost)|
|Loan Origination Points||as low as 1%|
|Processing & Underwriting Fee||$895 (paid at settlement)|
|Draw Inspection Fees||$295 per draw|
*Subject to change based on actual loan terms, asset, and borrower qualification