Rehab Funding (Fix & Flip)
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Whether you?re a fix and flip or fix and hold investor, quick access to financing is extremely important. LP Capital Group offers clients access to short-term loan programs that provide funding for purchasing and fixing a property with the speed and flexibility investors expect. Our experienced team will work diligently, keeping our valued client in the loop at every stage, ensuring the loan is underwritten and processed smoothly and quickly. While all deals are unique, hard money lenders will generally lend up to 90% of the purchase price and 100% of the rehab costs.
Hard money loan basic terms
-Loan amounts from $75,000 up to $5,000,000.
-Loan to value of 60%-65% or below on residential Fix & Flip.
-Loan term of 12 months, extensions available.
-Advance rate on purchase price up to 90%
-Advance rate on Rehab 100%
-Interest rate 9% ? 12% / Points 2 ? 3
-No Pre-payment penalty
-No credit score minimum
-Any level of experience
-Property types: Single Family, Multi-Family, and Mixed-UseWhether you?re a fix and flip or fix and hold investor, quick access to financing is extremely important. LP Capital Group offers clients access to short-term loan programs that provide funding for purchasing and fixing a property with the speed and flexibility investors expect. Our experienced team will work diligently, keeping our valued client in the loop at every stage, ensuring the loan is underwritten and processed smoothly and quickly. While all deals are unique, hard money lenders will generally lend up to 90% of the purchase price and 100% of the rehab costs.Hard money loan basic terms-Loan amounts from $75,000 up to $5,000,000.-Loan to value of 60%-65% or below on residential Fix & Flip.-Loan term of 12 months, extensions available.-Advance rate on purchase price up to 90%-Advance rate on Rehab 100%-Interest rate 9% ? 12% / Points 2 ? 3-No Pre-payment penalty-No credit score minimum-Any level of experience-Property types: Single Family, Multi-Family, and Mixed-Use...Show More
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