We finance Fix & Flip Investments
What is Fix & Flip?
One of the more gratifying commercial real estate investment opportunities is fix & flip. It involves identifying single and multi-family residences that are badly in need of rehabilitation, acquiring them at their current value, reconstructing, renovating and transforming them into desirable high-value residences and selling them for a profit.
Not only is Fix & Flip a booming business, but also it is one mechanism by which the private sector is lifting up the aesthetics, pride, and value of neighborhoods of all types nationwide. This includes revitalizing neighborhoods that are otherwise becoming more and more challenged.
What properties qualify for Fix & Flip?
Single-family homes and multi-family properties of all types can qualify for financing. Depending on the property value at acquisition, the value after rehabilitation and your past experience in the business, you can obtain financing for up to 85% of the purchase price and 100% of the renovation costs at low-interest rates for 12 to 13 months.
How much financing can I get for a Fix & Flip project?
We are positioned to finance single-family and multi-family residential projects from $50,000 to $5,000,000 and ready to give you a turnaround response to your application within 72 hours.
First, check and ensure that you have a FICO score of 650 or above, which prequalifies you for a stress-free approval. Then refer to the table below for an idea of what you may qualify for.
|NEW INVESTOR||EXPERIENCED INVESTOR|
|Experience||Completed 0-2 flips in the last 3 years||Completed 3 or more flips in the last 3 years|
|Loan to value ratio (LTV)||Purchase price: Up to 80%|
Renovation: Up to100%
LTV: As high as 70%
|Purchase price: Up to 85%
Renovation: Up to 100%
LTV: As high as 75%
Call or contact us with the following basic information for a fast response:
1) The value of the home as is,
2) The cost of fixing,
3) The value after fixing and
4) Your FICO score.
Contact us today to get started. Call us TOLL FREE: (888) 577-7439 of fill out our contact form.