Fix and Flip Financing in Miami
Max LTV
90%
Loan Amount
$100k-$5MM
Term
12 Months
Amortization
Interest Only
Closing Time
7-15 Days
Loan Purpose
Purchase
Property Types
SFR, 2-4 Units, townhomes, condos, vacant land
Lending Areas
AZ, CA, CO, FL, GA, HI, ID, IL, IN, MA, MD, MI, MN, LA, NC, NJ, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, DC
Fix-n-Flip financing is short term financing tailored to the real estate investor specialized in acquiring, improving, and finally reselling a property in a short amount of time. This credit facility is a very powerful tool in that it allows real estate “flippers” to leverage their experience and the future sweat equity earned in the project by lending at an aggressive loan-to-value (LTV) based on the future valuation of the property once the improvements are completed.
The maximum loan amount offered is determined by calculating the LTV as a factor of the after-repaired value (ARV) of the asset and this method allows for up to 90% financing of the purchase price and 100% financing of the rehab project.
Another great aspect of this product is that it comes without a prepayment penalty so that investors can rapidly cycle through their projects without being penalized for their fast completions. Because an investor can flip a home with as little as 10% down of his own cash, the fix-n-flip loan is an invaluable tool in the arsenal of the professional real estate investor.
Residential Loan Products: