FIX & FLIP LOANS

FIX AND FLIP LOANS

If you are a real estate investor looking to invest in a distressed fixer-upper. The top two routes to find real estate financing for your project is the conventional route (traditional bank) or through a private money lender “aka” hard money lender. As an investor, especially in this competitive real estate market, not only do you need to find good deals, but having funding to close on those deals quickly is just as important. Private money lenders are able to do just that.

A Fix & Flip hard money loan is a form of short-term lending that is backed by the property itself – the asset, instead of your personal finances. A hard money loan doesn’t focus on your credit score; instead, it focuses on the property’s after repair value. This value is used to estimate what the property is worth. The term “hard” money means your lender is underwriting the loan on this hard asset – your property. Most likely that distressed property will be in need of some repairs to restore it to its originally glory, that’s where our investor rehab loans come into play. That’s the advantage most private money lenders have over conventional banks.

TERMS

  • Loan Amounts: $250,000 - $5,000,000

  • Rates: 9% - 15%

  • Payment: Interest Only

  • LTV: Up to 80%

  • Rehab Funds: Up to 100%

  • Term: 12 - 24 months (w/ extension options)

  • Financing for purchase and renovation costs

  • Quickest draw process in the industry

  • Credit Score: 580 Minimum

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