Fix and Flip Financing
Finance Your Next Fix and Flip Venture
Flipping a house can get complex, especially when you run into unexpected repairs. The good news is that you can keep your investment on track with flexible funding.
Funding for Every Step
Fix and flip financing takes every step of property investment into account:
- Purchasing a house
- Buying materials
- Paying contractors
- Covering permits and other fees
Fix and Flip Loans for Flexibility
Excellent for house flippers, as they allow flexibility in funds disbursement. Our flip and fix loans offer several benefits for the discerning borrower:
- Closing as quickly as 18 days
- Fixed, low rates
- 12 – 18 month terms
- $50,000 to $5 million in funds
Additionally, we only charge interest on your outstanding balance, not the rehab holdback so you don’t pay for the funds you aren’t using. That gives you more control over the total you owe.
Loans in the Short-Term
We also offer lump-sum loans covering 100% of renovation and 90% of purchasing costs. Loans range from $50,000 to $5 million and can close in as little as 10 days. Additionally, there are no prepayment penalties, so you can pay off the loan as soon as you like.
Applications Available
Fix and flip financing can make all the difference when a new opportunity arises. Sellers are more likely to enter an agreement if you have cash on hand, and you can even negotiate a favorable deal. To learn more, contact Pursuit Commercial Finance today.