Getbreadnow Fix and Flip Loans

Fix and Flip Loan

Our fix and flip program offers quick, hassle-free, and dependable funding for your renovation projects, whether they are light or heavy in nature. Whether you're a seasoned investor or new to the game, our program caters to your needs. We provide comprehensive support, guiding you through each step of the process, from deal analysis to loan payoff, including underwriting, funding, servicing, and construction management in collaboration with you and your team.

Program Details

Interest Rate:

Rates start at 9.75%

Credit Score(FICO):

Minimum FICO of 600

How Interest is Charged:

Interest charged as drawn

Max Loan to ARV:

Up to 70% LTV (75% on case-by-case basis)

Property Type:

Single family and 2-4 unit multifamily

Experience Requirements:

No prior experience required

Income Verification:

No tax returns required

Loan Term:

12 month term with no prepayment penalty

Max loan amount:

up to 90% of purchase and 100% of renovation

FAQs

What is a fix and flip loan?

Fix and flip loans are short-term loans used by real estate investors to purchase and renovate a property before selling it for a profit. These loans are designed to be paid back quickly, typically within 12 to 18 months.

Who is the ideal candidate for a fix and flip loan?

Investors with experience in real estate, a solid plan for the property, and the ability to complete renovations quickly and efficiently are ideal candidates for these loans.

What are the benefits of a fix and flip loan?

These loans can provide quick funding for both the purchase and renovation of a property, allowing investors to take advantage of market opportunities and potentially earn significant returns.

What are the risks involved in fix and flip loans?

The short-term nature and reliance on the successful sale of the property for repayment carry inherent risks, especially if the market conditions change or renovations exceed budgeted costs.

How does the after-repair value (ARV) impact a fix and flip loan?

Lenders use the ARV to determine the potential future value of the property after renovations, which influences the loan amount, terms, and feasibility of the project.

View our other loan programs

Refinance/Cash Out

Refinancing loans for extracting cash from the equity already built up in a property owned by the borrower

Learn More About Refinance

Commercial/Multifamily Long Term

Maximize your investment potential, expand your portfolio, and increase your cashflow by investing in commercial/multifamily

Learn More About Commercial Loan

Commercial Bridge

Providing short-term bridge loans specifically designed for commercial/mixed-use and multi-family properties

Learn More About Commercial Bridge

Long Term Loan

Our long term loans designed for real estate investors seeking fixed rate low monthly payments for purchase or refinance

Learn More About Long Term Loan

New Construction Loan

Hard money short term construction loans for real estate developer

Learn More About New Construction Loan

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