Fix and Flip Loan
A fix and flip loan is mainly based on the after repair value (ARV) of the property as collateral and typically you can get a loan up to 70% of the after repair value. If you are purchasing an investment property that needs rehab, this is the perfect loan for you.
The loan process is quick with minimum paperwork required. Fix and flip loans are the way to go (almost same as you are purchasing with cash). They have higher interest rates and fees compared to conventional loans.
Fix and flip loans range from $100,000 up to $2,000,000.
12 months term with the ability to extend for an additional fee.
Do not submit an application until you have property under contract or unless you are refinancing an existing property.