Dalin Financial

About Dalin Financial

Headquartered in Philadelphia, PA, Dalin Financial is a private money lender offering loans in Montgomery County, Philadelphia County, and Delaware County. They provide private commercial loans, buy and hold loans, and fix and flip loans. They provide terms between 9 months and 1 year and rates ranging between 12% and 16%. They require borrowers to have a minimum credit rating of 650 to obtain a loan. They will consider varying lending scenarios but generally focus on single family homes, multi family residences, and mixed use.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Mixed Use

Areas Served: Montgomery County, Philadelphia County, Delaware County, NJ

Lending Guidelines for Dalin Financial

Below are the general loan guidelines published on the Dalin Financial website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Dalin Financial.

Loan Example 1

Dalin Financial issues a fix and flip loan to Norman for a renovation project in Philadelphia, PA, on a property that costs $200,000. The borrower will need to fund 45% of the sales price in cash to the closing based on a 55% loan to value set by the lending company. This makes the principle amount from Dalin Financial $110,000. The parameters of the deal dictate a 10% note for 12 months. They also stipulate a 2 point origination fee, that will also be paid when the property closes.

By the parameters of the loan, Norman will be required to contribute a $2,200 origination fee in addition to 45% of the sales price, or $90,000, since there is a 55% LTV. After the deal is closed and Norman takes the property, he will have to begin making payments each month of $917 to Dalin Financial ($110,000 principle x 10% / 12 months). Assuming Norman sells the rehabed house for $270,000 at the end of the 12 month term, his total profit (not accounting for rehab costs) would be $56,800. This is computed by taking the purchase price ($270,000) and subtracting the original note amount ($110,000), the origination cost ($2,200), the funds he brought to closing ($90,000), and the total interest expenses ($11,000).

Loan Example 2

Joanne takes a private money loan from Dalin Financial so she can rehab a townhome to resell in Philadelphia, PA. The deal has the following terms:

a) A $150,000 purchase price, b) a 75% loan-to-value (LTV), c) a 12 month term, d) a 8% interest rate, and e) a 5% origination fee.

Once the renovation project is completed, if Joanne sells the property for $210,000, the final numbers would be as follows:

$210,000 sales price
- $112,500 note principle (75% LTV)
- $37,500 cash paid at closing (25% on 75% LTV)
- $5,625 origination fee (5% of the $112,500 principle)
- $9,000 interest payments (12 months x 8% interest)
-----------------------
= $45,375 gross profit (does not include taxes or rehab costs)

No Reviews Yet

Dalin Financial currently has no reviews. To add a review now, click the link below:

Write a Review for Dalin Financial