Fix and Flip Loans
If you’re a real estate investor looking to purchase and renovate a property, our Fix and Flip/ Bridge loans could be a great option. These loans provide short-term funding to help you complete your project and can be converted into a conventional loan once the property is ready for long-term financing.
- Up to 90% LTC
- Up to 75% ARV
- Options for new and experienced investors.
Appointment
Unlocking Your Financial Potential Starts with a Conversation
Navigating the world of real estate financing can be complex. A personalized consultation with one of our specialists is the key to ensuring you’re fully aware of your financing options and making informed decisions to reach your goals.
- Personalized Assessment:
Our financing specialists begin by understanding your unique financial situation and real estate goals. This tailored approach ensures that the financing solution recommended aligns perfectly with your needs.
- Transparent Guidance:
No confusing industry jargon here. During the consultation, we break down complex concepts into clear, understandable terms. You’ll have a complete understanding of the mortgage process, rates, and terms.
- Customized Solutions:
Every borrower is different. Our specialists work to find the best possible mortgage solution for you, taking into account your financial goals, credit history, and current market conditions. We aim to make your homeownership journey as smooth and affordable as possible.
F. A. Q's
Frequently Asked Questions
Fix and Flip loans are a financing option for real estate investors who buy properties, renovate them, and resell them for a profit. This FAQ section answers some common questions about Fix and Flip loans to help you decide if they’re right for you.
Fix and Flip loans are short-term bridge loans designed to cover the purchase and renovation costs of an investment property. The goal is to resell the property within a short timeframe, typically 12-18 months, to repay the loan and generate a profit. These loans are often issued by hard money lenders and come with higher interest rates than traditional mortgages.
Access to capital: Fix and Flip loans allow you to finance the entire project, including purchase and renovation costs, without tying up your own cash.
Speed: Hard money lenders typically offer a faster closing process compared to traditional banks.
Flexibility: Some Fix and Flip loans offer features like a draw schedule, which allows you to access funds as needed throughout the renovation project.
Lenders typically offer Fix and Flip loans for a percentage of the property's after-repair value (ARV), which is the estimated value of the property after renovation. Loan-to-value (LTV) ratios can vary, but commonly range from 70% to 90% of the purchase price and up to 100% of the renovation costs.
Fix and Flip loans are best suited for experienced real estate investors who have a strong understanding of the local market, renovation costs, and timelines. They're also a good option for investors who need to move quickly to secure a deal.
Fix and Flip loans are not offered by traditional mortgage lenders. Instead, you'll need to look for hard money lenders or private investors who specialize in short-term real estate financing. These lenders typically focus on the property value and the experience of the borrower.