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DelREIA (Delaware Real Estate Investors Association) acts as a premier hard money lender offering asset-based loans for fix-and-flip projects in Delaware and surrounding areas to its members. Its lending program features short-term investor loans at 11.95% interest, 2.95 points origination, no fees, funding in 13 business days or less, and up to 65% loan-to-ARV (with an option to go up to 75% ARV for higher rate and points). Loans are based on deal strength rather than credit score, with financing options including bridge loans, rental property loans, and cash-out refinances through Local Pro Funding LLC.
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