Fix and Flip Loans

This is a great program for investors that buy, fix up and then sell properties within a short period of time.

Fix and flip loans are a type of short-term loan that is specifically designed for real estate investors who are looking to purchase and renovate a property with the intention of selling it quickly for a profit. We understand that fix and flip projects can be a lucrative investment opportunity, but they require specialized financing. That’s why we offer fix and flip loans to help investors finance their projects and maximize their profits.

Here are some key features of fix and flip loans:

  1. Short-term loan – Fix and flip loans are typically short-term loans, with terms ranging from 3 to 18 months. This is because the goal of the loan is to finance the purchase and renovation of the property and then sell it quickly for a profit.
  2. Quick approval process – Fix and flip loans typically have a faster approval process than traditional mortgage loans, which means that investors can quickly secure the financing they need to purchase the property.
  3. Based on the after-repair value (ARV) of the property – Fix and flip loans are based on the ARV of the property, which is the estimated value of the property after it has been renovated. This means that investors can borrow more money than they would with a traditional mortgage loan.
  4. Higher interest rates – Because fix and flip loans are considered higher risk, they may come with higher interest rates than traditional mortgage loans.
  5. Requires a down payment – Like traditional mortgage loans, fix and flip loans typically require a down payment from the borrower. However, the down payment may be higher than what is required for a traditional mortgage loan.

At Intercontinental Ultimate Solutions, we understand the unique challenges that real estate investors face when financing a fix and flip project. Our team of experts can help you understand the requirements for fix and flip loans and guide you through the application process from start to finish. We work with a variety of lenders who offer fix and flip loans, and we can help you find the loan that best fits your needs and investment strategy.

If you are a real estate investor looking to finance a fix and flip project, contact us today to learn more about fix and flip loans. We are here to help you maximize your profits and achieve your investment goals.

This type of mortgage is exempt from any provisions of the Real Estate Settlement Procedures Act of 1974, as amended and Regulation “X” of the Secretary of Housing and Urban Development because the loan proceeds are used for an extension of credit primarily for business, commercial, or agricultural purpose, as defined by 12 CFR 1026.3(a) (1) of Regulation Z. Click here to contact us or call (561) 717-6826 for a quote.

Additional restrictions may apply. Please inquire. All loans are subject to credit approval.