What is a Fix & Flip Loan?
A fix & flip loan is a type of short-term loan that is specifically designed to finance the purchase and renovation of a property for the purpose of flipping it for a profit. This type of loan is often used by real estate investors who want to buy, renovate, and sell a property in a short period of time.
How Does a Fix & Flip Loan Work?
To qualify for a fix & flip loan, borrowers must have a strong credit history and sufficient income to make the loan payments. The lender will review the borrower's financial plan and the details of the property to determine the loan amount and terms.
Benefits of a Fix & Flip Loan
One of the benefits of a fix & flip loan is that it allows investors to access the funds they need to purchase and renovate a property quickly. This can be particularly useful for investors who want to take advantage of a good opportunity to flip a property for a profit.
Get the Financing You Need for Your Real Estate Investment
At Commercial Mortgage Help, we have a team of experienced loan officers who are dedicated to helping real estate investors find the right financing solution for their needs. If you are considering a fix & flip project and need financing, we encourage you to contact us to learn more about our fix & flip loan options.
