Backflip for Delaware investors
Backflip combines hard money lending with deal-analysis tools — particularly useful for newer investors wanting integrated underwriting support.
Delaware context
Delaware low property tax. Strongest LLC formation state — many investor LLCs registered here even for properties in other states. Strong corporate-anchored DSCR.
How Backflip positions in Delaware
Within Delaware, Backflip competes alongside other DSCR lenders. Backflip strengths: tech-forward, deal analysis tools. The medium aggregate DSCR economics of Delaware create demand for Backflip programs in Wilmington and Dover particularly.
City-level coverage in Delaware
Backflip provides DSCR coverage across Delaware metros including Wilmington, Dover, and Delaware. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Backflip program terms apply uniformly across Delaware metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, bridge |
| Loan size | $50K - $2.5M |
| Rates | 9.99%-11.99% |
| Points | 1 - 3 |
| Max LTV | 85% of ARV |
| Term lengths | 12 months |
| Typical close time | 5-10 days typical |
| Delaware property tax | 0.6% |
| Delaware state income tax | 6.6% |
Backflip strengths in Delaware
- tech-forward
- deal analysis tools
- newer investor friendly
Ideal borrower: Newer investor needing deal analysis tools alongside financing
FAQ
Yes, operates nationally including Delaware. Backflip is based in Denver, CO and operates nationally.
Wilmington is the top investor market in Delaware and falls within Backflip national coverage. Wilmington property tax follows the Delaware state rate of 0.6 percent. Backflip typically underwrites Wilmington acquisitions at standard rate sheets.
Yes. Dover ranks among the larger Delaware investor metros and sees consistent DSCR loan volume from Backflip. Submarket variation within Dover matters for property selection.
Backflip applies the same rate sheet across Delaware metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Wilmington, Dover, and Delaware all qualify for the same Backflip program.
Backflip indicative DSCR rate range is 9.99 to 11.99 percent with 1 to 3 points.
Delaware low property tax. Strongest LLC formation state — many investor LLCs registered here even for properties in other states. Strong corporate-anchored DSCR. Backflip follows standard business-purpose loan structures.
Backflip funds fix-and-flip, BRRRR, bridge in Delaware.
Delaware allows standard DSCR prepay structures; Backflip typically uses 3-5 year step down.
Backflip typical close: 5-10 days typical.
Bottom line
For Delaware DSCR borrowers, Backflip is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Backflip.