Flip It Funding knows it takes a lot of work and some hard negotiating to find great properties that can be flipped for a good profit – we don’t think you should lose the deal over financing. We know that each investor and property deal is unique and we try to be flexible in creating a loan program that fits our investor’s needs.
Here is an overview of our general Flip It Funding program:
What we offer:
- Interest Only (IO) Loans with Rates as low as 10%-12%
- Loan values from $75,000 to $200,000 (smaller/larger loans considered)
- No Prepayment Penalties
- Closings in as Fast as 5 Days
- Loan Terms up to 24 months
- Construction/Improvements Financing Available
What we require:
- 1st Position Mortgage/Lien
- Lenders Title Policy (paid by borrower)
- Hazard Insurance Policy (paid by borrower)
- Executed Purchase & Sale Agreement
- Properties must be Non Owner-Occupied
- Borrower pays Points at Closing
- Loans must close in an LLC or Corporation
We pride ourselves in helping professional investors finance their properties with short-term loans at competitive rates. We look forward to working with you and in building a long-term lending relationship.