Fix & Flips

4000+ Loans Completed

Fix and flip loans are a common tool used by real estate investors to buy and renovate a property to resell it for a profit, a process known as house flipping. These loans are short-term financing, often around 9 to 15 months, and they are designed to cover both the purchase price of the property and the renovation costs. The goal is to improve the property quickly and then sell it at a higher price, ideally making a profit in the process. It’s a strategy that requires careful planning, market knowledge, and often some renovation skills or access to reliable contractors.

Guidelines

• LTC: 80-90%
• ARV: 60-70%
• Interest Rate: Call for details
• Origination: 2-4%
• Loan Term: 9-15 months

New Construction

A “hard money” new construction loan is a type of financing specifically designed to fund the construction of a new property. These loans are tailored for Business Purpose Loans. Hard money loans are called such because they are secured by the value of the property being financed, rather than the borrower’s creditworthiness or financial history. The term “hard money” refers to the fact that the loan is backed by a tangible asset. New construction loans cover the costs associated with building a new property, including materials, labor, permits, and other expenses. Overall, hard money new construction loans can provide a flexible financing option for clients looking to fund their construction projects quickly.

Hard Money loans are different than conventional loans for several reasons. Conventional loans often involve a rigorous approval process, including detailed documentation of income, credit history, assets, and liabilities. Since Hard money loans are typically based more on the value of the property being used as collateral, the approval process is often faster and more flexible.

Guidelines

• LTC: 80-90%
• ARV: 60-70%
• Interest Rate: Call for details
• Origination: 2-4%
• Loan Term: 9-15 months