Fix and Flip Financing
Finance Your Fix-and-Flip Project with Customized Loans
Flipping real estate can be lucrative, but you need to make upgrades to get the most out of your property. Renovations can cost a tidy sum, but fix and flip financing from Speed of Light Funding is here to cover the expenses.
Get Short-Term Financing
Thirty-year mortgages work great for homeowners, but investors need shorter terms. Fix and flip loans only last 24 months, so there’s no risk of getting stuck in decades of debt.
Access Large Amounts
Fix and flip financing covers a variety of expenses:
- Labor
- Materials
- Land
- Property purchase
If you choose a loan structure, you can receive the following:
- 100% of renovation costs
- 85% of purchasing costs
- $60,00 to $10 million total
Lines of credit offer the following:
- 95% of renovation costs
- 90% of purchasing costs
- $100,000 to 5 million total
Benefit From the Ultimate Flexibility
While a lump-sum loan works for many scenarios, some fix-and-flip investors need more flexibility. A line of credit lets you draw on the principal, allowing you to access funds when necessary. Additionally, interest only accrues on the total amount drawn.
Schedule a Free Consultation
If you’re ready to take on a new project, you should call Speed of Light Funding for hassle-free financing. We’re excited to help investors increase property value on their terms. For more information, reach out today.