The Key to Property Investors’ Success Is Fix-and-Flip Loans
It’s common knowledge that house flipping can be a lucrative enterprise if done properly. Identifying which upgrades would provide the greatest return on investment and picking a credit plan that fits your needs are crucial. We at SteveKnowsLoans are aware of the importance of striking this balance. For this reason, we provide fix-and-flip loans to our most trusted investors at competitive rates.
A fix-and-flip loan is used to do what?
Financing the initial investment in a home improvement project is what fix-and-flip loans are for. These loans are aimed at real estate investors who intend to make a profit from the renovation and subsequent sale of a property. These contracts are typically for a period of no more than two years.
Profits from “fix and flip” financing
We thought about everything when designing our Fix and Flip loans. The advantages of working with us on a Fix and Flip Loan include:
- Condominium, multi-family, mixed-use, and other property rehabilitation funding
- The financial wherewithal to improve properties in need of repair
- Easy and quick closings, so you may start spending your newfound wealth right away.
- The potential to get better loan conditions from us in the future.
SteveKnowsLoans Offers Fix-and-Flip Financing
Our knowledgeable staff is committed to assisting investors in real estate in achieving their financial objectives. We have lending options to help you finance a single project or a number of them, whether you’re an individual or part of a larger organization. Among the many features that set our Fix and Flip Loans apart are the following:
- Borrow between $500,000 and $3,000,000.
- We provide loan terms of 12 or 18 months, allowing you more time to complete the project.
- Borrowers can choose between an interest-only payment and interest-only payments during the course of the loan’s 18-month duration at no extra cost.
- The minimum credit score to qualify for a loan is 620.
- There are adequate funds to cover the full cost of rehabilitation. Both the LTC and ARV LTV caps are set at 95% and 75%, respectively.
- There is no requirement for borrowers to have any kind of background in real estate investing.
- Financing can cover intangible expenses like contractor fees, contingency fees, and building permits.
- Borrowers who meet the requirements can access substantial funding for property rehabilitation.
- Interest reserves are an option for borrowers.
- For savvy buyers, we provide an optional interior DVI. At least three completed flips, builds, or rental properties over the preceding three years qualify a person as an experienced investor.
Get in touch with SteveKnowsLoans today!
Do you need to oversee several construction or renovation jobs at once? Do you require immediate funds in order to transform your rough diamonds into the desirable properties on the market today? Talk to SteveKnowsLoans right now! Get the money you need to make your real estate dreams a reality with our assistance.
To discuss your options with one of our loan specialists, please contact us.
Call Steven Jackson at 813-616-9411 now!
