What Are Fix & Flip Loans?
Fix & Flip Loans are specifically designed for real estate investors looking to purchase undervalued properties, renovate them, and sell them at a profit. These short-term loans provide the necessary capital to acquire and rehab properties quickly, ensuring investors can capitalize on market opportunities without delay. Whether you’re flipping single-family homes or multi-unit properties, our Fix & Flip Loans offer the financial flexibility you need.
Key Features:
- Loan Amount: $100,000 – $1,000,000
- Loan-to-Value (LTV): Up to 80% of purchase price
- Interest Rates: 9% – 14%
- Loan Term: 6 to 24 months
- Fast Approval: Funding in as little as 10 days
- After-Repair Value (ARV): Up to 80%
Benefits:
- Quick financing to seize opportunities
- Covers both purchase and rehab costs
- No prepayment penalties
Eligibility Requirements:
- Experienced or first-time flippers welcome
- Minimum credit score of 660
- Detailed renovation plan required