Real Estate Fix And Flip Loans

 
Real Estate Fix And Flip Loans

Real Estate Fix And Flip Loans

House Flipping Loans - Fix & Flip Financing

The most popular type of Private Hard Money Loans are definitely Real Estate Fix And Flip LoansThese short-term real estate investment financing tools are the perfect addition to your house flipping toolbox.

With certain House Flipping Loans that can cover up to 90% of the Purchase Price and 100% of renovation cost, and others with interest rates as low as 7.89%, our Fix & Flip Loan programs can help fulfill a variety of your real estate investment goals.

Glassridge Real Estate Fix And Flip Loans

The Real Estate Fix and Flip Loan rates & terms listed below are subject to change, and will not apply universally. These are just rough ballpark rates & an outline of the typical terms.

Eligible Property Types:Single Family, 2 - 4 Unit, and 5+ Unit Apartment Buildings
Eligible Uses:Acquisition, Refinance, and/or Renovations.
Loan Term:12 - 18 Months.
Min. Loan Balance:$70k - $100k for Single Family, $250k for Apartment Buildings
Max LTV (Purchase Price):65% - 80%, with up to 90%+ for highly qualified repeat Borrowers.
Max LTV (Rehab Costs):90% - 100%
Interest Rate:7% - 12.99%
Rate Type:Fixed
Origination Fee:2% - 4%
Processing Costs:$395 - $695

About Our Real Estate Fix And Flip Loans

Real Estate Fix & Flip Hard Money Loans are for short-term investors whose goal is to buy, add value to, then sell the property or refinance into a longer-term loan.

This is such a popular type of real estate investment financing that we can offer it to a wide variety of Borrowers for a wide variety of deal scenarios. From Single Family Fix & Flip House Flipping Loans, to Apartment Building Fix & Flip Loans, to various types of other short-term Residential Bridge Loans, and Investment Property Renovation Loans, we can help get your Real Estate Fix & Flip financed.

We even offer Fix & Flip Financing for a variety of Special Criteria Loan scenarios, like:

  • Low Balance Hard Money Loans (<$70k)
  • High Balance Hard Money Loans (>$1m)
  • ARV (After Repair Value) Loans
  • Foreign National Hard Money Loans
  • Low Credit Score Hard Money Loans

Our goal is to make it as easy to finance your Real Estate Fix and Flip deals as possible, regardless of your specific scenario.

Real Estate Fix And Flip Hard Money Overview

While we evaluate every potential transaction on a case by case basis, there are some factors all our Fix & Flip Loans have in common.

  1. First of all, obviously they are for short-term investors whose goal is to buy, add value to, then sell or refinance.
  2. To qualify as a true Fix & Flip loan, we're looking at a 1 year loan term, possibly up to 18 months max.
  3. Finally, Fix & Flip loans all will have at least some of the "Fix" component: a renovation / rehab / repair budget.

Note: For a short-term residential loan that doesn't require the "Fix" component, you might also check out our Residential Bridge Loan options.

Three Main Property Types for Fix and Flip Financing

At Glassridge, we organize our Real Estate Fix & Flip Loans by the 3 main types of properties for which we can finance a short-term flip:

We also offer short-term financing options if you're planning to Fix & Flip a Commercial Property, which, while a very specialized niche strategy, can also be highly profitable. We'd categorize this as a Commercial Mortgage Bridge Loan.

Ultimately, if you have a plan to Fix & Flip any real estate, we can probably provide you the financing you need to get the deal done.

Exit Strategy: A Key Component to Real Estate Fix & Flip Loan Approval

A key component of qualifying for any of our Real Estate F&F Hard Money options will be having a well conceived, viable Exit Strategy.

Other than The Deal Itself and your qualifications as a Borrower, your Exit Strategy will be the main factor we consider when assessing your eligibility for Fix and Flip Financing.

Almost everyone naturally thinks of the Exit Strategy to repair, renovate, then SELL the property, but did you know one of the most common & successful exit strategies we see with Fix & Flip Loans is to repair, renovate, rent out, then REFINANCE the property?

Going from a short-term Fix & Flip Loan, then adding value so the property will qualify for long-term conventional or private financing is one of the best possible Exit Strategies for real estate investors building a portfolio of high-equity rental properties! We are always happy to help get you funded for your short-term Real Estate Fix & Flip Loan whether you're planning to sell OR refinance at the end of the 12 - 18 month loan term.

Getting Started With Your Fix & Flip Hard Money Loan

The most important factor in your real estate fix and flip hard money loan will be The Deal Itself.

That means when applying for Real Estate Fix and Flip Hard Money Financing, it will be important to have the specific property in mind, including pertinent details like:

  • purchase price,
  • current value,
  • estimated repair costs, and
  • After Repair Value (ARV)....

... ideally with the property already under contract when you're applying.

If you'd like to get a clearer picture of particular your funding options, before actually putting in an offer & getting a property under contract, please feel free to fill out our quick, online 2 Minute Pre-Qual™ for a Personalized Rate Quote.