FIX AND FLIP LOANS
Our Bavex Lending Fix and Flip loans are designed for short-term real estate investments with quick access to funding. These loan programs have a term period of 6 – 12 months, and cover up to 90% of the cost of purchase and renovation.
BAVEX FIX AND FLIP SUMMARY
What is a Fix & Flip Loan?
Fix and flip loans are asset-based loans that can be used for real estate investment properties (such as foreclosed properties) that are not eligible for loans backed by federal agencies. Unlike our other loan programs, when applying for this type of product, these loans require more underwriting criteria and guidelines.
Permitted properties include single-family, condos, town-homes, multi-family, and commercial properties.
Benefits of a Fix and Flip Loan
Who can apply for a Fix & Flip Loan?
Any real estate investor who is qualified for a hard money loan can apply for a fix and flip loan to achieve their funding goals. If an investor is rejected for a bank loan, they can still qualify for a hard money loan, making it well suited for real estate investors in complex financial situations or acquiring properties under foreclosures.
How can I get a Fix & Flip Loan?
Is there a real estate property you’re eying as your next big investment? Any real estate investor is eligible to get a fix and flip loan. No W-2s are required, and the application process is swift and efficient. Talk to one of our expert lenders today to receive a rate quote. We can’t wait to hear from you!
How can you apply for a Fix & Flip Loan?
The process to apply for a Fix and Flip loan is easy, efficient, and has a quick turnaround time. If you are used to conventional mortgage loans, the simplicity and speediness of this process may surprise you!
Ready to submit a loan request?
Apply Now with your loan scenario to pre-qualify today and a member of our team will get back to you in 24 hours with an estimate.
We are ready to get your real estate investment dreams funded
After the completion of documentation, the loan officer and underwriter will walk you through your material and ask you basic questions about your experience and construction plans. Once they determine if you are eligible and the application fits, they will order an appraisal so you can move onto the next steps.
At Bavex Lending, we value transparency, so there will never be hidden fees or unwelcome surprises! Any remaining required documentation will be compiled at this point, and an attorney will close the loan application. We look forward to working with you!
Ask us about our Fix and Flip Loan Programs
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