Fix and Flip Loans

What Is A Fix and Flip Loan?

As a loan type, fix and flip is used exclusively for residential real estate opportunities that you are looking to rehab and sell within a short period of time, typically 6 to 9 months from the date of purchase.  Investors will purchase a distressed property or fixer-upper with the intention of 'fixing' the damage and improving its look. The ultimate goal is for the investor to sell or rent the property under the following three conditions:

  1. Minimize the renovation expense as much as possible

  2. Maximize the market value of the property

  3. Retain the property for the shortest possible time

Good deals on single-family homes come up quickly and usually when you least expect it, and investors in the local real estate market are quick to respond. Cash and speed are crucial when it comes to fixing and flipping. Real estate investors need the resources to execute their plan and make attractive offers that promise quick closes. For all but the most cash-rich investors, one of the few means of competing in the hard money fix and flip loan.

Why choose a fix and flip hard money loan?

If you're an investor or flipper interested in buying properties that require all-cash or hard money to fix and flip, consider our fix and flip hard money program. Fix and flip private money loans provide up to 85% of the total project cost, which is the purchase price plus the cost of the rehab. These loans have no prepayment, allowing you to sell the property as quickly as possible.

A fix and flip hard money loan allow borrowers to come in with minimal skin in the game.

We realized that our clients who purchase investment properties perform some level of rehab on the property to get it ready for sale or rental. Occasionally, the rehab can cost more than the actual price of the purchase. 

In order to serve our clients better, we decided to make our fix and flip loans based on the total project cost. We can lend up to 85% of the total project cost in our fix and flip loan program – the rehab money is held back and released as the project is completed.

Coldesina Capital’s fix and flip loans provide flexible terms for funding of up to 85 percent of the purchase and rehab costs of the project. We offer hard money loans for fix and flip properties from $100,000 and up, with no prepay penalty and no limit on the number of properties.

 

Use our fix and flip loans when traditional lending solutions are not available.

Often, these undesirable properties do not meet FHA guidelines. This means federal agencies like Freddie Mac and Fannie Mae will not back these loans. These agencies provide money to traditional lending agencies that typically provide cash to homebuyers. Because federal agencies are not backing the loan, options for borrowers looking to purchase foreclosed properties are limited.

We can provide you with same-day prequalification on our fix and flip loan. This gives you access to the cash fast to take advantage of opportunities when they arise. Please complete our Fix and Flip Loan Interest Short Form to get started.

Please review a sampling of fix and flip deals funded to see our past performance.

Fix and flip loan scenarios we commonly assist with include but are not limited to:

  • Short Sale Purchase and Rehab

  • REO or Bank Owned Purchase and Rehab

  • Refinancing a short term loan intended as a Flip

  • Unable to qualify for Conventional Financing

  • Fully Amortized Loans

  • Portfolio Loans and Multi-Property Loans

There is no limit on the number of properties.

We offer both interest-only and term fix and flip loans up to 7 years, allowing you to choose a payment schedule that best fits your needs! If you’re looking to take advantage of the great rental market throughout the country, we can help!

With no limits on the number of properties or fix and flip loans, you can leverage one building or your entire commercial portfolio. Our customized fix and flip loan programs allow you to get a loan that best suits your business needs.