Fix n Flips
Fast funding for property renovation and resale projects with competitive rates and flexible terms.
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Overview
Fix and Flip loans are short-term financing solutions designed specifically for real estate investors who purchase properties with the intention of renovating and reselling them quickly for profit. These loans provide the capital needed to acquire distressed properties and fund renovation costs, allowing investors to maximize their return on investment.
Our Fix and Flip loans offer competitive rates, flexible terms, and quick approval processes to help you capitalize on time-sensitive opportunities in the real estate market. Whether you're a seasoned investor or new to property flipping, our experienced team will guide you through the process and structure a loan that meets your specific project needs.
Key Benefits
- Fast approval and funding - typically within 7-14 days
- Up to 90% Loan-to-Value (LTV) ratio for purchase and renovation
- Interest-only payment options during construction phase
- No prepayment penalties for early loan payoff
- Flexible loan terms from 6 to 24 months
- Experienced underwriting team familiar with renovation projects
- Competitive interest rates for qualified borrowers
- Ability to finance multiple properties simultaneously
Requirements
- Minimum credit score of 620 and no credit score required in some states
- Demonstrated real estate investment experience
- Detailed renovation budget and timeline
- Property appraisal (as-is and after-repair value)
- Proof of liquid assets for down payment and reserves
- Licensed contractor estimates for major renovations
- Exit strategy documentation (sale or refinance plan)
- Property insurance coverage throughout the loan term
Our Process
Submit loan application with property details and renovation plans
Property evaluation and appraisal (current and after-repair value)
Review of borrower qualifications and project feasibility
Loan approval and terms negotiation
Closing and initial fund disbursement
Renovation draw requests processed as work progresses
Final inspection and loan payoff upon property sale or refinance
Frequently Asked Questions
How quickly can I get approved for a Fix and Flip loan?
Our streamlined approval process typically takes 7-14 days from complete application to funding. We understand that timing is critical in real estate investments, so we prioritize quick turnaround times.
What is the maximum loan amount available?
Loan amounts vary based on the property value and scope of renovations, but we can typically finance up to 90% of the purchase price plus renovation costs, with loans ranging from $100,000 to $2 million or more for qualified borrowers.
Do I need to have construction experience?
While construction experience is helpful, it's not required. However, you must work with licensed contractors for major renovations and provide detailed project timelines and budgets.
What happens if the renovation takes longer than expected?
We offer flexible loan extensions when needed. Additional fees may apply, but we work with borrowers to accommodate reasonable delays in renovation timelines.
Can I use this loan for multiple properties?
Yes, experienced investors can qualify for multiple Fix and Flip loans simultaneously, subject to overall debt-to-income ratios and available collateral.
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