Fix and Flips Loans Done Right!
Flipping Homes has become very popular and has had record years with returns on your investment. With the housing inventory tight and inventory low you need a funder that can provide fast funding and a streamlined process. Banks and mortgage companies are typically not funding any fix and flip due to them being short term – bank like to package their loans and sell off for a profit.
Our fix and flip loans give investors money they need for everything from acquisitions, to renovating single and multifamily rental properties. Lender partners with Select Capital will keep these loans on their balance sheet which allows them to do these types of loans.
Our terms, rates, and fast closing offer a beneficial alternative to traditional lending channels. We provide great loan packages for flippers that comes with the speed necessary to be competitive in this market to succeed. Our high leverage fix and flip loans provide you the opportunity to purchase multiple properties instead of just that one.
For a quote, please provide : Address, Price, rehab dollars and ARV, credit score and experience( how many flips in last 36 months or current rentals owned).
Program Highlights:
$200,000 Minimum
Rates from 9%-12%
Points from 1.75-4.0
Terms: 12, 18, 24 months
600 FICO Minimum
Finance up to 90% of the Purchase Price (requires and combination of 3+ flips over past 36 months or rental properties currently owned)
Rehab Budgets funded at 100%/ No interest until drawn!
Interest-Only Payments/ No Prepayment Penalties
Rates/fees subject to change with proven flip experience)
1-4 Family Properties / Condos
30/Yr rental loans available