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+1 757 598-5270

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support@Lendablefinanciallc.com

Fix and Flip Loans

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  • Fix and Flip Loans
What is it?

Know how a Fix and Flip loan works.

A fix and flip loan is a short-term financing option used by real estate investors to purchase and renovate a property before selling it for a profit. The ultimate goal is to buy a distressed property, make necessary improvements, and then sell it quickly. These loans usually have higher interest rates compared to traditional mortgages but offer faster approval and funding, allowing investors to act swiftly.

Fix and flip loans are designed for short-term use, typically ranging from 6 to 18 months. The short duration aligns with the quick turnaround required for fixing up and selling a property.

Why Choose Us

Lendable Financials provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real time.

The process typically involves submitting an application with details about the property, the planned renovations, and the investor’s experience. We may also require a detailed rehab budget and timeline.

Repayment terms: usually involve paying back the loan in full at the end of the term, often from the proceeds of the property sale. Some loans may have prepayment penalties, so it’s important to understand the terms fully.

Fleet Management Services

The Fleet Services program, offered by Network, makes it easy to manage all your commercial vehicles.

Commercial Real Estate Financing

Purchase - Build - Refinance - Renovate - Owner-occupied

  • Non-conforming properties
  • Single-purpose buildings
  • Gas stations
  • Restaurants
  • Repair Shops
  • Auto Dealerships
  • Hotels and motels
  • Convalescent hospitals
  • Veterinary