Fix & Flip Loan Program
Turn your dream project into a reality with our financing support.
Fix & Flip Loan Program
A "fix and flip" loan is a financing option that provides a short-term bridge loan to purchase a property with the aim of selling it for a profit after renovation. This type of loan is well-suited for the following scenarios:
1) When time is of the essence, we can help! Our average time to close is just 7 days.
2) If the property is in need of renovations, don't worry - we've got you covered.
3) When you need high leverage financing.
4) When the property isn't generating any income.
5) When you can't provide verifiable income (no tax returns available).
6) When you want a short term loan with no prepayment penalty
Our fix and flip loans at Loan Funding Solutions close very quickly—in as little as 7 days! Our fix and flip loans call for very little paperwork and no proof of personal income! With the ability to close and flip more projects at once, our Fix and Flip loans are a great way to start leveraging your current capital and generating more income. Loan Funding Solutions covers the project's acquisition and renovation costs. Bring only your initial closing costs; Loan Funding Solutions will take care of the rest, including paying you back as the renovation is finished.
About Fix & Flip Loan:
-
High Leverage
- Fast Closing in 7 Days
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Interest-Only payment
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No Prepayment Penalty
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No Income Documentation
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No Minimun Credit Requirements
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No Experience Required (New borrowers are allowed)
Qualifications
- A Profitable Project
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LTV: Up to 85% Loan to "As Is" Value and 75% "After Repair" Value
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Origination Fee: 1.50% - 2.50% of the loan amount
Eligible Properties for Fix & Flip Loans
Single Family
Single-family houses, which include condominiums, PUDs, condos, duplexes, triplexes, and quadplexes, typically have one to four units. We offer funding to real estate owners and companies seeking to buy, refinance, repair & sell, or buy to rent starting at $75,000 at Loan Funding Solutions.
Multi-Family
When it comes to real estate, multi-family properties refer to housing complexes that contain five or more residential units within one or more buildings within a single community. At Loan Funding Solutions, we specialize in providing loans for real estate investors interested in purchasing or refinancing multi-family properties. We offer financing options starting at $250,000 to help you secure the funding you need to make your investment goals a reality.
Mixed Use
A mixed-use development combines residential and commercial functions into a single integrated complex or structure. In the following circumstances, Loan Funding Solutions will make loans to real estate investors looking to; purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from over $250,000.
Closing Documents Required
Property
- Purchase Contract
- Rent Roll & Leases (If applicable)
- Payoff Statement (If Refinancing)
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Renovation Budget
Personal
- Loan Application
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Last Month's Bank Statements
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Driver's License and/or Passport
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Track Record / Experience
Business
- Articles Of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Is a Fix & Flip Loan The Right Option For Me?
Transforming Your Properties into Profits - made easy
Pro's of Our Fix & Flip Loans
Close in 14 Days
Up to 85% LTV
Low Credit Requirement
No Income Documentation
No Experience Required
No Prepayment Penalty
What's The Process?
Complete the process in 7 Days
Stage
1
Submit Loan
Application
Stage
2
Send Documents
&
Accept LOI
Stage
3
Valuation &
Title Ordered
Stage
4
Final Legal
Review
Stage
5
Close
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We take your privacy seriously. You are providing express "written" consent to contact you on behalf of Funding Zone, Network partners, or an authorized third party on their behalf to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply) and/or email, even if your telephone number is currently listed on any internal, corporate, state, federal or national Do-Not-Call (DNC) list.