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Fix and Flip Financing

Access capital and move quickly on acquisition and redevelopment of residential and commercial properties for resale. Isn’t it time to accelerate your Fix and Flip real estate business?

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Lending Overview

Fix and Flip Financing

Fix and flip financing is a specialized form of funding aimed at real estate investors who purchase properties with the intent to renovate and sell them for a profit. This type of financing covers not only the acquisition cost but also the renovation expenses, allowing investors to mobilize resources quickly and efficiently. Unlike traditional mortgages, which are based on the purchaser’s credit and the property’s current value, fix and flip loans are typically asset-based, focusing on the potential value of the property post-renovation. This allows investors with less-than-perfect credit to still access funding for their real estate ventures.
Smart Strategies

How to Effectively Apply Funds

Fix and flip financing can be a great option for experienced real estate investors and contractors looking to maximize their returns. By borrowing funds based on the repaired value of property, investors can quickly acquire distressed properties at discounted prices and turn them into desirable assets in a short period of time. This not only generates profit but also increases the value of surrounding properties, benefiting the community as a whole.

A benefit of fix and flip financing is its speed. Traditional mortgages can take weeks to process, while fix and flip loans can often be approved and funded within days. This allows investors to move quickly on potential deals and beat out competitors who may not have access to such fast funding.

Advantages of

Commercial Real Estate Loans

Access capital fast to make cash property purchases
Structure terms based on retrofit-to-sale cycles
Source funds for materials and labor
Sell, or refinance and hold properties based on your business strategy

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Tailored Lending Solutions

Fix and Flip a variety of real estate types

Single Family

Single-family properties are the bread and butter of many fix-and-flip businesses. Styling and amenities matter in addition to systems upgrades to electric, plumbing, heating, and air.

Multifamily

Subdivide homes or revitalize apartment buildings and complexes. Repositioning properties so they shift to a higher class can substantially improve valuations and rents.

Commercial

Retail and office spaces represent an opportunity. Often overlooked, repurposing commercial properties to include co-working and alternate retail spaces represents an innovative opportunity.
FAQ

Frequently
asked questions

Q: How quickly can I get a fix and flip loan?
Depending on the lender, fix and flip loans can be approved and funded within a matter of days to a few weeks. This allows for a swift acquisition of the property and the commencement of renovation work.
Q: What kind of interest rates can I expect?
Interest rates for fix and flip loans are generally higher than traditional mortgage loans due to the short-term nature and higher risk involved. Rates can vary widely based on credit history, experience, and the specifics of the project.
Q: Are there any restrictions on the type of property I can finance?
Some lenders may have restrictions on property types that qualify for financing, such as preferring residential over commercial properties, or declining properties in severe disrepair. It’s essential to check with your specific lender for their criteria.
Q: What happens if the property doesn't sell right away?
If the property doesn’t sell immediately, you’ll have to continue paying the loan per the agreed terms. In such cases, some investors may choose to rent out the property to cover costs while it’s on the market.
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