Renovation Loans

The term “fix and flip loans” or “fix n flip loans” refers to financing given to a buyer renovating a distressed residence with the purpose of selling it. These tend to be private lenders that have hard money fix and flip loans with short repayment periods, which perfectly fit most flippers’ project timeframes. Hard money lenders are also more likely to offer fix and flip loans with no money down, no credit check, or to borrowers with bad credit. Some of these lenders also offer fix and flip loans that cover up to 100% of the rehab costs. Rehab typically needs to start right after closing. Loan terms up to 24 months to give you enough time to Fix & Flip your investment or convert to a 30 yr fixed rate if you choose to rent it out.

  • Loans available on single family, 2-4 units, 5+ unit and mixed use properties (50% residential)
  • Only pay interest on the funds disbursed
  • Competitive Rates
  • Up to 100% rehab budget
  • Loans from $150,000 to $3,000,000
  • 90% LTV, 100% rehab funds, maximum ARV 75%
  • No FICO, no financials, no prepayment penalty and interest-only payments
  • No credit, bad credit OK, 400+ FICO and bankruptcy allowed

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