Fix and Flip Loans with ARC CapitalLoans, Mortgages, Loan Officers & Mortgage BrokersUpdated on Oct 12, 2016 View more like this | Visit SACRAMENTO, CA | Contact ARC Capital |
We can get you financed for your Fix and Flip project. A Fix and Flip Loan is also know as a rehab loan. It is becoming a more and more common form of real estate investing. Fix and Flip involves purchasing properties, making repairs and upgrades to make them more appealing to potential buyers, and then selling them for a profit.
This is usually done in a short period of time and therefore the financing is also short term. The goal is to increase the market value of the property with the minimal expense possible so that the home can be resold for profit.
Rehab loans are short term. They are usually as short as 9 months and as long as 12 months. Usually there is no prepayment penalty associated with these types of loans. Interest rates for these loans can be anywhere from 9% to 13% based on your, the investor, experience with fixing and flipping properties. With these loans you have to have fair credit but income documentation is not a requirement.
This is usually done in a short period of time and therefore the financing is also short term. The goal is to increase the market value of the property with the minimal expense possible so that the home can be resold for profit.
Rehab loans are short term. They are usually as short as 9 months and as long as 12 months. Usually there is no prepayment penalty associated with these types of loans. Interest rates for these loans can be anywhere from 9% to 13% based on your, the investor, experience with fixing and flipping properties. With these loans you have to have fair credit but income documentation is not a requirement.
