Fix and Flip Financing
Start Your Next Project on Time With Fix and Flip Financing
When you find just the right house in an ideal neighborhood, every fix and flip investor knows you must secure financing and close the deal as soon as possible. This is why Skyline Commercial Capital offers two types of highly efficient fix and flip financing solutions: loans and lines of credit.
Fix and flip loans work well for investors who plan to complete a single project. These loans have a number of beneficial features:
- Low interest rates
- Closings in under 18 days
- Terms as long as 24 months
- Receive $60,000 to $10 million
- Loan-to-value of as much as 100% of renovation expenses and 85% of the initial purchase
- No fees for prepaying
Lines of Credit
When tackling multiple projects, a fix and flip line of credit may be preferable. This financing solution approves you for a loan and allows you to borrow amounts under this limit as expenses arise. This eliminates the need to apply for a new loan each time you need additional funds. Lines of credit include many of the same features as loans, but with a few alterations:
- Applicable to as many as 500 properties
- Loan-to-value of 95% of renovation expenses and 90% of the initial purchase
- Receive $100,000 to $5 million
Are you ready to secure the financing you need for your next fix and flip project? Give Skyline Commercial Capital a call today to get started.