Fix & Flip Funding
When it comes to buying a fix/flip or rental property, there is no better option than using short-term loans. With interest-only payments and flexible repayment terms for real estate investors, these loans allow you to free up your capital for other purposes while completing the renovations that you need in order to get your properties ready to rent or flip. Furthermore, since these loans are designed specifically for those purchasing and rehabbing properties, they offer an unparalleled degree of financing flexibility.
Whether you need funds to purchase and renovate a single property or multiple properties at once, short-term fix and flip loans by Trust Bridge can help you get the money that you need quickly and easily so that you can focus on what's truly important: successfully completing your property projects and preparing them for sale or lease.
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Fix & Flip Loans
Program Details
- Interest only loans with rates starting at 9.99%
- 12 Month Loan (no prepayment penalty)
- No Income Verification
- Up to 100% of Purchase Price & 100% of Renovations
- Minimum Loan $50,000
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Fix & Fip Loans FAQs
A fix and flip loan is a type of short-term loan that is used by real estate investors to purchase and renovate properties. These loans are typically interest-only loans with flexible repayment terms, which makes them an attractive choice for investors looking to take advantage of the fix and flip market.
In order to qualify for a fix and flip loan, you will typically need to have a good credit score and a strong financial history. You will also need to be able to show that you have the ability to repay the loan.
Glenstone currently offers fix and flip loans throughout the country with a strong concentration in Connecticut.
If you have no money to flip a house, you will need to find a lender who is willing to provide you with a loan. There are many lenders who offer fix and flip loans, and you can find them by searching online or talking to other real estate investors. You can also try hard money lenders, private lenders, or government-backed lenders. Glenstone fix and flip loans can cover up to 90% of the purchase price and up to 100% of renovations.
Interest rates for fix and flip loans can vary depending on the individual property owner, but our fix and flip property loan rates start at 8.5%.
A good profit margin for house flipping is typically around 15%. This means that if you sell the house for $100,000, you should expect to make a profit of $15,000.