What are Fix and Flip Loans?
Fix and Flip Loans are loans made to real estate investors that are in the business of buying, rehabbing and then reselling properties at a profit. Many times, these loans are made on properties that have fallen into disrepair from the previous homeowner, or that have had fire or flood damage, or are just in desperate need of updating. Typically, these are short term (12 month) loans for investors that fund not only a percentage of the purchase price, but also up to 100% of the funds needed to rehab the property and bring it to market. The purchase price plus the rehab cost should not exceed 70% of the completed value to ensure there is enough room in the deal for you to make a profit.
Why Choose A Hard Money Loan For Your Project?
Plain and simple, a hard money fix and flip loan is a loan made by a hard money lender for the investor to buy, fix and sell a house. Banks just do not understand that you can buy a property, put some money into it, and it could be worth a considerable amount more once you do this. Yes, I know banks have their 203k program, but closings on those are mostly limited to homeowners (this is not an investor product) and typically these are not quick easy closings like hard money loans are.
Why choose Ariso Business Capital?
We offer a variety of Real Estate financing products available in most states. Terms from 6-24 months. No "JUNK FEES"! Application to Funding within 10 days. No DTI restrictions, no income verification, no experience required in real estate investing. We lend on single-multi family unit residential properties, condominiums, townhouses, We DO NOT lend on rural investment properties, primary residences, or owner-occupied residential properties.