Fix and Flip Loan
We'll provide you the financing to turn your next fix and flip project into a reality!
Fix and Flip Loan Program
Fix and flip loans are short-term financing options designed specifically for real estate investors looking to purchase, renovate, and quickly resell properties for profit. These loans are secured by the property’s value rather than the borrower’s creditworthiness, making them accessible to those who may not qualify for traditional financing. We offer fix and flip loans to provide investors with the capital needed to cover acquisition costs and renovations, enabling them to seize investment opportunities swiftly and efficiently.
Benefits of our Fix & Flip Loans:
- Close in 7 Days
- Up to 90% LTV
- No Income Documentation
- Low Credit Requirement
- No Experience Required
- No Prepayment Penalty
Program Summary
| Loan Amount: | $75,000 – $250 Million |
| Term Length: | 12 – 24 Months |
| Max LTV: | 90% |
| Max LTC: | 90% (exception based to 100%) |
| Amortization: | Interest only |
| Interest Rate: | Starting at 7.49% |
| Closing Time: | As fast as 5 Days! |
| Loan Use: | Purchase, refinance, Cash-out, Construction, Renovation |
Pro's Of Fix & Flip Loans:
- High Leverage (up to 85% LTC)
- Quick closing in 7 Days
- Interest-only payments
- No Prepayment Penalty
- No Income Documentation
- No Minimum Credit Requirement
- No Experience Required (Yes, we lend to new borrowers)
What Do I Need To Qualify?
- Simple... A profitable project
- LTV: Up to 90% Loan to "As Is" Value and 75% "After Repair" Value
- Origination Fee: 1.50% - 2.50% of the loan amount
- Prepayment Penalty: None
- Interest Only</
- Fast Close!
Eligible Properties for Fix & Flip Loan
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., town homes, duplex’s, triplex’s, and quadplex’s. At HardMoneyLoanLender.com, we lend to real estate investors looking to purchase, refinance, fix & flip, or buy in order to fix it then rent it out.
Retail
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At HardMoneyLoanLender.com, we will lend to real estate investors for: purchase, refinance, bridge to stabilization, DSCR Cash Out, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Multi Family Loan
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. AtHardMoneyLoan Lender.com, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $100,000 to $200 million.
Ground Up Construction Loan
Ground up construction loan. Up to 85% of the land and 100% of construction. Commercial, Investment and Owner Occupied ground up construction loans.
Required Documents for Closing
-
Property
Documents
- Purchase Contract
- Payoff Statement (if Refinance)
- Rent Roll & Leases
- Renovation Budget
-
Personal
Documents
- Submit Loan Application
- Submit Track Reorder
- Last Month's Bank Statement
- Drivers License and/or Passport
-
Business
Documents
- Articles of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Close in as little as 3-7 Days with 5 easy steps!
Step
1
Submit Loan Request
Step
2
Upload Documents & Accept LOI
Step
3
Valuation & Title Ordered
Step
4
Final Legal Review
Step
5
Closing
Fix To Rent Loan, DSCR Loans, Multifamily Loans, Ground Up Construction Loans.