If you are eyeing a great deal on a distressed property that you want to renovate then “flip” within a 6-12 month timeframe, a fix and flip or rehab loan is probably the right loan for you. A lump sum is usually paid at closing to purchase or refinance the property, with the rest of the loan paid as you reach construction milestones.
Have you identified a real estate investment opportunity but don’t have enough cash for closing? An acquisition loan helps the savvy investor buy a property, whether you plan to immediately resell it, renovate and flip it or develop it. Fast money will help you get the deal!
Are you cash-strapped between projects, or need funds to snap up another deal before it gets away? Short-term bridge loans can “bridge the gap” and help you purchase another property or even a business by leveraging (non-owner occupied) real estate you already own. Tap into your property equity to expand your business with a bridge loan.
Whether your project requires tearing down or rebuilding a single-family home, demolishing the interior of a building and extensively renovating it, or building a space from the ground up, a construction loan can be tailored quickly and effectively to your project’s specifications.