Low Rate Fix & Flip Loans
Lowest Rates In The Industry
3 Weeks To Close
Fix & Flip Explained
- Loans based on the expected value of the property after renovations take place
- This makes it a lot easier to cover the renovation costs
- Short term loan – usually 12-24 months
- Higher interest rate than conventional mortgage but much faster funding and more flexible terms
Benefits Of These Loans
- They cover 80% of the purchase price and 100% of the rehab budget
- Close in just 3 weeks
- All residential investment property types
- Available to all types of companies
- No prepayment penalty
- No maximum number of properties
More Info
A fix and flip loan is short-term financing that real estate investors use to buy and renovate a property in order to resell it for a profit, a process known as house flipping.
These small-business loans are typically used to purchase residential real estate, finance renovations and improvements, as well as cover additional expenses associated with listing and selling the property.
Loan Ratios
To determine the amount of funding you’re eligible to receive for your loan, fix and flip lenders use the after-repair value or ARV.
ARV is an appraiser’s estimate of the property’s value after renovations are finished. For example, if a lender offers 90% ARV, it will lend a maximum of $180,000 on a home that will be worth $200,000 after repairs. You can usually borrow more money from a lender that bases its loan sizes on ARV.
Example Properties
This is the end result of a 7 month renovation and while the outside does not look much different the inside has had major improvements
$390,000 LoanMinneapolis, MN 
This is what the inside looks like after the house was totally gutted and all the floors and appliances were replaced.
$525,000 LoanAurora, CO 
This home actually had a nice interior, but the roof had to be redone and the new owners replaced siding with stone on the exterior walls.
$350,000 LoanArlington, TX 
This house was basically torn down to the studs and had almost everything replaced. It is in LA so permits took a long time.
$1,750,000 LoanLos Angeles, CA 
The exterior and the interior were redone in a mediterranean style.
$1,325,000 LoanSt Petersberg, FL 
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