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.

Benefits

  • 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.

Overview

Line of Credit Facility Terms
Line of Credit Facility Size$1,000,000 – $20,000,000+
Length12 – 24 Months
Line of Credit Origination Feeas low as $2,500
Legal Fee$2,500 (one time fee)
Line of Credit Loan Draw Terms
Property TypeSingle Family and Multi-Family; Commercial is considered on a case-by-case basis
PurposeNew Construction | Fix/Flip and Fix/Rent | Refinance
LocationAL, 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
ExitSale or Refinance
Loan Term6 – 12 Months
Loan ExtensionsUp to 6 Months
Interest Rateas low as 8.5%
Upfront Appraisal & Inspection FeeFrom $595 (pass-through cost)
Loan Origination Pointsas 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

Rehab Line of Credit