Your Financing Options for Fix and Flip Projects
If you’re an experienced flipper, you know the importance of securing enough financing and getting funds quickly. The faster you have the funds, the faster the work gets done, and the faster you can move on to the next project. If you work with a lender who doesn’t understand your business, you could experience all sorts of delays and paperwork issues. Here are some of our fix and flip financing options built with your needs in mind.
Loan Options
Means Commercial Capital offers loans for multiple properties or single ones, depending on your preference and qualifications. Here are some of the benefits of choosing a loan:
- Competitive rates
- Potentially closing in two weeks or less
- Full coverage for renovation costs
- Wide loan ranges starting at $60,000
- No penalties for paying early
Lines of Credit
If loans aren’t for you, you may enjoy the flexibility of a line of credit. You can draw from your line at your convenience, and enjoy these other benefits:
- Usable with hundreds of potential properties
- Quick closing timeline
- Maximum term of two years
- Credit limits starting at $100,000
- Competitive rates
- 90-95% coverage of purchase or renovation costs
Get Fixing and Flipping Fast
If you’re ready to streamline your fix and flip process, contact us today to discuss a new loan or line of credit for your business.