Fix & Flip Loans

These loans are used to finance Fix-and-flip projects.

The loan covers up to 90% of the purchase and 100% of the renovations. 

Key differences from traditional mortgages:

• Speed: Fix & Flip loans are known for quick approval and funding, often within days, compared to the weeks or months for traditional mortgages.
• Approval Criteria: Lenders prioritize the property's value and potential, while traditional lenders focus more on the borrower's credit score, income, and debt-to-income ratio.
• Interest Rates: These loans generally have higher interest rates (e.g., 9.25% compared to traditional mortgages that might be at 6%).
• Repayment Terms: These loans have shorter repayment periods, usually one year, compared to 15-30 years for traditional mortgages.
• Down Payment: These loans require 10% - 20% down payments, which are similar to longer term financing.
• Regulation: Fix & Flip lenders are not subject to the same strict regulations as traditional lenders.

HIGHLIGHTS:

• Quotes Within Hours Not Days 
• Funding Within 5-7 Business Days
• Loan Amounts - $100,000 - $5,000,000
• No Application Fee
• No Interior Inspection

EASY TO QUALIFY!

• No Experience Required
• No Income Documents
• No Bank Statements
• No Tax Returns

Call me if you need this type of loan and I can take your information over the phone. I'll fill out the quick quote form for you. 

If you prefer, you can click the button below to fill out the form and submit it.

I can get you a quote usually within 2-4 hours and the loan can close within 10 business days. 

** Note that the property must be located in California.

CLICK TO VIEW THE REQUIRED DOCUMENTS

CLICK TO VIEW OUR LOAN PROCESS

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I also work with investors who buy properties for cash in the case where a loan does not work.

This is usually when there is not enough equity in the property.
Properties considered:
• Properties where homeowners need to sell quickly for various reasons
• Properties that are purchased for cash
• Properties where the investor can take over the loan to bring the loan current

Benefits for the homeowner:
• Homeowners receive cash for part of their equity
• Homeowners make no repairs (the property is purchased as is)
• Homeowner pay no sales commission or closing costs

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Call, text or email me and I will do my best to help you!

Cheryl Gollnick (951) 318-6420

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Disclosure

The information we provide on this website is for general informational purposes only and does not constitute legal or financial advice. Laws frequently change and may be subject to local variations.

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