What are Rehab or Fix and Flip Loans?
Need financing for your rehab or fix and flip project? Fix and flip loans can help with the purchase, refinancing or renovation of a real estate investment property. With a typical rehab or fix and flip loan, the borrower receives a payment at closing to buy or refinance the property; the remainder of the loan is paid out in installments as the renovations are completed. In most cases, lenders will use the property as collateral for the rehab or fix and flip loans, and underwrite the project by comparing the size of the loan to the value of the property after repair (i.e, “After Repair Value” or “ARV”)
Great deals go quickly! Choose a lender who understands your project, is quick, flexible and dependable – choose Walnut Street Finance.