Buy a distressed home, make repairs, sell for a profit.
Are you looking for a Fix and Flip Loan in Florida?
Quick Close Loans has the most affordable closing costs due to the fact that most of our lending is based on low-doc and no-doc requirements. Therefore, the borrower is not paying for the multitude of Bank required documents. The borrower will have a much lower closing cost.
Fix and flip refers to a real estate investment strategy where an investor purchases a property, renovates or “fixes” it, and then sells it for a profit. This strategy is popular among real estate investors looking to generate short-term returns.
The process typically involves finding distressed or undervalued properties, securing financing through fix and flip loans or other sources, and conducting necessary renovations or repairs to enhance the property’s value. Once the property is improved, it is sold quickly to capitalize on the increased market value.
Fix and flip investments require careful evaluation of the property’s potential, accurate cost estimation for repairs, and a solid understanding of the local real estate market. Investors must also consider factors like acquisition costs, carrying costs (such as loan interest, taxes, and utilities), and potential risks involved.
Fix and flip loans are specifically designed to finance these projects, providing investors with the necessary capital to purchase and renovate properties. These loans often have shorter terms, higher interest rates, and are based on the after-repair value (ARV) of the property.
Quick Close Loans primary commitment is to process and close our customer’s business commercial loans FAST. Some say we close our loans at Warp speed, (1-4 weeks).
Low Credit Score -OK – No Pre-Payment Fee Program Available
- No Seasoning Time Requirements to refinance
- Stated Income – OK
- Quick Closing 5 – 30 days
- Up to 85% LTV
- Rate 7.50% – 10.75%
- Loan Amount $150,000. & up.
- Monthly Payment Interest only.
- Term 12 Months, can be extended.
- Special Program for Hurricane Damaged Beach Properties. Ground Up Rebuild – OK
- NO UPFRONT FEE CHARGES
**Let our knowledgeable and friendly staff help with your financial needs.**
CALL NOW – 386-337-8059