FIX & FLIP
WHAT ARE FIX & FLIP LOANS?
Fix and flip loans are short-term financing options designed specifically for investors looking to purchase distressed properties, repair them, then resell them for a profit. Fix and flip loans can be beneficial for investors who want to quickly buy and sell properties with minimal upfront capital or access to credit.
Benefits of Loans with Groundfloor:
Roll points into closing cost
No payments until the loan repays
Loan sizes from $75,000 to $750,000
Fix and flip loans are short-term financing options designed specifically for investors looking to purchase distressed properties, repair them, then resell them for a profit. Fix and flip loans can be beneficial for investors who want to quickly buy and sell properties with minimal upfront capital or access to credit.
Benefits of Loans with Groundfloor:
Roll points into closing cost
No payments until the loan repays
Loan sizes from $75,000 to $750,000
UNDERSTANDING FIX &
FLIP LOANS
House flipping requires a lot of hard work, expertise and patience. But when you know how to do it, flipping houses can be an easy way for investors looking at short-term gains.
These loans typically require only a downpayment, but not at Groundfloor. Our real estate professional investors can access their capital, quickly and easily. These types of loans also offer greater flexibility than traditional mortgages because they don’t have to be paid off within 30 years. Instead, borrowers have no payments until the loan repays, with the added benefit of not being subject to penalties for late payments.
Overall, fix and flip loans are an excellent option for those looking to invest in real estate who need quick access to capital with minimal barriers or time constraints. While having experience in these areas can be helpful, it’s important to note that flipping houses is a learning process, and many successful investors have started with little or no experience. However, it’s essential to do your due diligence, research each property carefully, and surround yourself with a team of professionals who can help guide you through the process.
FLIP LOANS
House flipping requires a lot of hard work, expertise and patience. But when you know how to do it, flipping houses can be an easy way for investors looking at short-term gains.
These loans typically require only a downpayment, but not at Groundfloor. Our real estate professional investors can access their capital, quickly and easily. These types of loans also offer greater flexibility than traditional mortgages because they don’t have to be paid off within 30 years. Instead, borrowers have no payments until the loan repays, with the added benefit of not being subject to penalties for late payments.
Overall, fix and flip loans are an excellent option for those looking to invest in real estate who need quick access to capital with minimal barriers or time constraints. While having experience in these areas can be helpful, it’s important to note that flipping houses is a learning process, and many successful investors have started with little or no experience. However, it’s essential to do your due diligence, research each property carefully, and surround yourself with a team of professionals who can help guide you through the process.
How Groundfloor can help you fund with the next fix and flip project.
We are the only direct lender offering retail capital for short term residential real estate loans. This means that our borrowers get access to more flexible and cheaper capital than a traditional bank or a hard-money lender.
THE GROUND-
FLOOR
LENDING ADVANTAGE
No minimum transactions experience required
Five year lookback for experience
Minimum property value $50,000
Minimum credit score of 640
12 and 18 month terms
No hard credit pulls
True deferred payments
No payments until repay
Origination points financed into loan
Borrower or Investor
California Published Inventory of Excess Land per EO N-06-19
Affordable Housing Development
I-bank's Small Business Finance Center - California Loan Guarantee Program
Designed to assist borrowers who experience capital access barriers.
Designed to assist borrowers who experience capital access barriers.
Whether Investing with Notes or Borrowing to Flip
Just a Note:
There's so much to learn about borrowing with Groundfloor! Check out just some of the benefits we offer our borrowers.
With our programs, the interest accrues until the time of payoff. This lets the project be self-sustaining and removes the need for additional cash injections month over month. In other words, you can enjoy no-interest payments for the life of the loan.
What's more, the interest is not factored into the economics of the loan. This means the expected accumulation of interest month over month does not impact how we structure the loan at the time of application.
Why do borrowers love Groundfloor?
Assigned Business Development Manager
There's so much to learn about borrowing with Groundfloor! Check out just some of the benefits we offer our borrowers.
With our programs, the interest accrues until the time of payoff. This lets the project be self-sustaining and removes the need for additional cash injections month over month. In other words, you can enjoy no-interest payments for the life of the loan.
What's more, the interest is not factored into the economics of the loan. This means the expected accumulation of interest month over month does not impact how we structure the loan at the time of application.
Why do borrowers love Groundfloor?
Assigned Business Development Manager
- Deferred monthly payments
- Fees financed into the loan
- High-leverage loans through 2nd lien offerings
- No appraisal needed (inspection only)
- Feasibility review of your budget
- New construction financing
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Investments carry risk and may lose value. Not an offer or solicitation to purchase securities. Please consult a licensed advisor and related SEC filings before making an investment decision.
Some companies pay affiliate / referral fees for their products being presented via this website.
Investments carry risk and may lose value. Not an offer or solicitation to purchase securities. Please consult a licensed advisor and related SEC filings before making an investment decision.