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Fix and Flip Loans

 

 

Fast Financing For a Fast-Paced Market

Bridge loans can provide the leverage on both your purchase and repairs that you need to grow your real estate portfolio . Benefits include:

→ Up to 90% of your Purchase and Repairs*.Receive Financing in as little as a week

→ Build a trusted partnership with one lender for all your properties

→ Strategic planning to help scale your business

Advantages of our Fix and Flip Loans

  • No hurdles – flexible loan options designed to meet your strategic needs
  • Fix to Rent (BRRR) friendly lender - easy options to convert to Rental loans
  • Up to 24 months interest only terms
  • No pre-payment penalty

Our industry experts provide tailored strategy and one-on-one transaction support to help you grow your portfolio.

Fix and Flip Financing FAQs

Review our FAQs to get more details about our lending parameters.

Do you lend on construction or repairs? Yes, LendingOne specializes in providing loans that include both the purchase and repair costs as part of one loan.

What types of properties do you lend on?

The following property types are eligible for our Fix and Flip loans:

 

  • Single Family Residence (SFR)
  • 2-4 Unit Properties
  • Condominiums
  • Townhouses
What are the loan amounts for Fix and Flip loans?

We lend up to $10M and have a loan minimum of $75K.

Do you lend to Companies or LLC's?

Yes, we only lend to real estate companies. Our Fix and Flip loans are available to the following borrowers:

  • LLCs
  • Limited Partnerships, General Partnerships
  • Corporations
What states do you lend in?

We provides lending in all States and District of Columbia except Alaska, Nevada, North Dakota, South Dakota, and Utah.

What type of documentation do you need for Fix/Flip loans?

We look at things very differently than a bank and rely mostly on your real estate experience and other common-sense factors when making decisions.

LendingOne will ask for the following documents for Fix and Flip Loans.

  • Sales Contract
  • Construction Budget
  • 1-month bank statements
  • A list of properties you currently own (an REO Schedule)
  • LLC Operating Agreement
Can I receive financing for a residence that I'm looking to live in?

No.  We provide commercial only loans that are non-owner occupied (investment) properties.

Do you lend to people from my Country?

Our Fix and Flip loans are available to the following borrowers:

  • U.S. Citizens
  • Canadian Citizens
  • Permanent Resident Aliens
What are the interest rates?

We offer competitive Fix and Flip loan rates. All rates are based on the individual property and borrower.  Call us to learn more.

Is there a prepayment penalty?

No, there is no prepayment penalty on our Fix and Flip loans.