Fix and Flip / Rehab Loans
Ever wonder how HGTV stars got their start in real estate? Many of them utilized fix and flip loans, also known as rehab loans. These short-term loans are specifically designed for real estate investors who want to renovate a property and sell it for a profit. When executed effectively, flippers can earn substantial return.
While the process of flipping is on trend than to HGTV and others, not everyone is familiar with how fix and flip loans work, any of their benefits, and how to utilize them for massive profits. First off, these loans are only for single-family residences. You won’t be able to renovate an apartment building, for example, with this kind of loan. Additionally, time is typically of the essence with this loan type. Having extensive experience with lending and operating on fix and flips, we understand the urgency of securing capital as quickly as possible is. That’s why we offer financing as soon as 24 hours + these additional incentives:
- Funding as soon as 24 hours
- LTV (Loan to Value) up to 85%*
- 3-60 Months Interest Only
- Competitive Interest Rates (Call to find today’s low rate)
- Bad Credit OK
- Short Sale OK
- Bankruptcy or Foreclosure OK
Once funded, maximizing the success of your project involves a couple key strategies. First, It’s crucial to keep renovation costs within or ideally below budget, as minimizing the expenses maximizes potential profits. Second, the main renovations should be one that enhance the properties market value, helping boost the selling price. Lastly, aim to sell the property quickly to capitalize on market opportunities.
When Traditional Programs Fall Short, Turn To Us for Fix and Flip Loans
Properties in the fix and flip sector fail to meet FHA guidelines, making it challenging to secure loans from federal agencies. At Versara Capital, we are here to bridge that gap. With same-day qualification and the ability to disburse funds within 24 hours, we offer a swift and reliable solution.
If you’re eager to get started, we are here to assist very step of the way.