Fix & Flip Loans
MAKE A PROFIT FLIPPING PROPERTY WITH REHABLEND’S FIX AND FLIP LOANS
If you’re thinking of fixing and flipping a property that’s seen better days and is now in need of some TLC, a rehab investment loan is the place to start. Also known as fix and flip loans, flip loans or fixer upper loans, these loans are short-term investment loans ideal for purchasing, renovating and then selling a distressed property for profit in a short timeframe.
At RehabLend, we offer fix and flip loans with competitive rates and terms to help you maximize the return on your rehab investment. Available in multiple states, our loans are designed with the borrower in mind, ensuring you can get the most out of your property flipping endeavors.
Here’s what you need to know about our fix and flip loans.
RehabLend’s Renovation Loans Are Available for a Range of Property Types
One of the benefits of fix and flip loans is that they aren’t dependent on specific property types. This means you can take a rehab investment loan with us for a range of projects. For instance, you can use a RehabLend fix and flip loan to buy, renovate and sell:
• Single family homes
• Multi-family homes
• Townhouses
• Apartment blocks with five or more units
• Condos
• Mixed-use properties, such as condos with commercial premises
Additionally, the value of the house isn’t generally a concern since it’s accepted that the property you’re aiming to purchase will be in a bad condition. As far as we’re concerned, it’s more important that there is potential for making a profit. If you see potential in a distressed residential property, chances are we’ll see it too.
Designed for Short-term Projects
While banks tend to prefer lending for long-term mortgages and see flipping property as a risky exercise, we see flipping property as a potentially lucrative business endeavor and aim to help you do it as successfully as possible. Accordingly, we offer short-term repayment periods of twelve months to suit your project timeline and maximize your profit.
We Offer Competitive Finance for Both the Purchase Price and the Rehab Costs
Unlike other lenders, we can lend you money for both the cost of the property and the renovation. We offer up to 85% of the purchase price of the property and 100% of the rehab costs. This ensures that you won’t be out of pocket more than you need to be in between buying and selling your investment property.
We Also Offer Borrower-Friendly Terms
We keep our interest rates as low as possible, with a starting rate of 7.99%. Additionally, we have both refinancing and cash-out options available, giving you the flexibility to complete your project on your own terms. Click here to read more about our terms.
Our Approvals Process Is Quick and Easy
Once you’ve found the perfect fixer upper, don’t waste a single penny or second getting your renovation underway. We’ve ensured that our approvals process is as straightforward as possible, so that you don’t need to get weighed down by complicated application forms and criteria. You’ll be able to complete your application form in minutes and if you get stuck, one of our helpful team members is more than happy to answer any questions.
The RehabLend hard money rehab loan approvals process also takes place as quickly as possible so that you’re ready to jump in and purchase your ideal property before someone else gets in first. Then, from the moment you’ve closed on the property, your money will be available straightaway. This means you can get started with your renovation immediately and start making your way towards your milestones exactly as planned.
You Don’t Need a Flawless Credit Score to Be Approved by RehabLend
If you have a less-than-average credit score, don’t be disheartened or rule out flipping property for profit as an option for you. Assuming you are otherwise eligible, our fix and flip loans are available to anyone with a minimum FICO score of 600. 600 is a below average score, classified as “fair”. If you’re not sure what your FICO score is or whether or not you’d be eligible for a RehabLend fix and flip loan, feel free to get in touch to find out more.
We Offer Hard Money Rehab Financing Nationwide
Our loans are accessible in a huge number of US states making profitable flipping possible wherever you are. For a full list of the states our finance is available, click here.
Sound Like What You’re Looking For?
If you’d like to find out more about our fix and flip loans or speak to us about your options, click here to read more or get in touch today. A representative will get back to you as quickly as possible.
Or, if you’re ready to get the ball rolling with the RehabLend fix and flip loan process, click here to get started now.