Fix and Flip Loans are designed to help investors purchase, renovate, and sell properties quickly. These renovation loans can often be approved in a matter of weeks, which can help investors get into deals quickly.
- Loans Amounts from $50K to $7.5M
- Finance up to 90% of Purchase Price and up to 100% of Renovation
- 12 Month Term (extended terms available)
- “As-Is” appraised value must be great than $50K
- Minimum Credit Score 620
This program is intended for 1-4 unit, non owner-occupied properties including condos and townhouses. While prior real estate investing experience is not required, it will affect leverage and pricing.
Here are some additional benefits of fix and flip financing:
Flexible Terms: Fix and flip loans typically have more flexible terms than traditional mortgages, such as shorter repayment periods and interest-only payments.
Access to Better Properties: Fix and flip loans can give you access to properties that may not be available to other investors. This is because fix and flip lenders are often willing to work with investors who have less than perfect credit or who are new to real estate investing.
Increased Profitability: Fix and flip loans can help you increase your profitability by allowing you to borrow more money and make larger renovations. This can lead to a higher selling price for the property, which can translate into a larger profit for you.
Less Risk: Fix and flip loans can help you reduce your risk by giving you more time to complete the renovations and sell the property. This can be especially helpful if the market is slow or if there are unexpected delays in the renovation process.
If you are considering investing in real estate, fix and flip financing can be a great way to get started. Our experienced professionals can arrange financing that is tailored to your specific investment needs.