A fix and flip loan, or sometimes called a rehab loan, can help with the purchase, refinancing or renovation of a real estate investment property. The borrower receives payment at closing and the remainder of the loan is paid out in installments as the renovations are completed.
Private money rehab financing is ideally suited for fix-and-flippers who need fast funding to compete with all-cash buyers. This type of fix and flip loan is also ideal for borrowers who do not meet the lending criteria of conventional lenders.
By using our fix and flip loan program, real estate fix and flippers are able to achieve greater investment results in a shorter period of time, buy more properties, and use less of their own cash.
As a loan type, fix and flip is used exclusively for residential real estate opportunities that you are looking to rehab and sell within a short period of time, typically 6 to 9 months from the date of purchase. Investors will purchase a distressed property or fixer upper, with the intention of ‘fixing’ the damage and improving its look.
Tell us what you need the money for and what you have to offer.
Based on your loan scenario we can provide you with a pre-qualification letter within as little as 24 hours.
We will provide you with a list of documents we need in order to obtain and verify all your information.
Within 3-5 business days, your loan will be funded and that money will be available for you to use on your project.
Good deals on single family homes come up quickly and usually when you least expect it, and investors in the local real estate market are quick to respond. This is where Aegis Funding comes in. When it comes to fixing and flipping, cash and speed are crucial. Real estate investors need the resources to execute their plan and make attractive offers that promise quick closes. For all but the most cash-rich investors, one of the few means of competing is with our private money fix and flip loan.