Fix and Flip

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Fix and flip projects are popular real estate investments that can be very lucrative. These investments involve acquiring a property, making repairs and renovations to the property to increase value, and reselling the property for profit. Fix and flip investments often cannot be financed through conventional loan options making hard money an attractive option.

One of the most challenging aspects of fixing and flipping properties is acquiring the capital to begin a project. Many of today’s loan sources offer flexibility however there are several primary items needed from new Borrowers.

A.  Equity: IE, “Skin in the game” currently is minimum 25% or more.

B. Experience and proof of executed performance over the last 3 years. Some even seek 5 years history.

C. Liquidity/Reserves to meet project demands.

D. Clear exit and timeline of the project to pay back money borrowed.

We understand that fix and flip investors are often working on many different projects at once and therefore require continuous access to capital. By taking a partnership approach with our borrowers, we are able to close loans quickly and efficiently while providing funding for the many projects and investments in your pipeline. This allows Dan and his team to place premiere Fix-&-Flip across the western US.

With extensive knowledge and many years of experience in the fix and flip industry, we are able to provide financing solutions for even the most complex fix and flip projects. Dan Cassel - Trinity Mortgage offers fix and flip loans and lines of credit throughout the West Coast with the most competitive rates and terms available. Below is a example of one loan product we offer that comes as a line of credit! We offer many solutions and are often able to close these loans in 21 days or less once we have the loan documentation. We are here to help!

To reach a Independent Mortgage Expert directly please phone 866-310-1112.

Contact us now for more information or simply complete the form below today!

Fix & Flip Loan “”LOC” Matrix  

LOAN
PURPOSE
- To Remodel or Rehab a Investment Property with goal of exit to be a sale.
 INTEREST
RATE 
Varies with Borrower Liquidity, Net Worth, Prior Credit Limits, number of properties built, number of deals completed.
 MINIMUM
PROPERTY VALUE
- Multi-family 5-20 units: $30,000 per unit
– Other property types: $50,000 per unit
 TERM
- 5 years or 10 years with balloon due at end of term
– Option to amortize up to 30 years, with interest-only option available
 BORROWER TYPE
 LLC
 MAXIMUM
LOAN-TO-VALUE (LTV)
- 75% LTV for a fully amortized loan
 MAXIMUM LOAN-TO-COST
(LTC), COST IS PURCHASE PRICE AMOUNT
 90%
 WHEN DO WE USE LTV VS LTC?
 Generally, we use the lesser of LTV or LTC calculation
 CASH FLOW REQUIREMENT
 N/A
 REHAB & CONSTRUCTION FINANCING
 Funding up to 95% of rehab budget, max 75% ARV. We also offer products to 100% of Rehab budget!
 PROPERTY TYPE
 Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties up to 20 units