Fix and Flip Loans For Real Estate Investors – What are they and why we should be your #1 option
Fund your next fix and flip with us!
Fix and Flip Lenders, Loans – HardMoneyMan.com LLC
If you are a real estate investor looking for Fix and Flip Loans look no further. HardMoneyMan.com LLC is the leading Hard Money Fix and Flip Lender funding over 5,000 rehab loans/fix n flip loans in the last 7 years and want to fund your next deal. With our commonsense underwriting and quick closings, you will never look for another lender again after closing your 1st deal with us!!
These loans are made for houses that are in disrepair and are in need of fix up to bring the house to market for resale at a profit. Also commonly known as a renovation loan or loans for fix and flip, these are made to real estate investors, not to homeowners.
70% Rule for flips
We suggest using this formula when seeing if your deal qualifies as a deal –
ARV x 70% less your rehab budget = your max offer/purchase price
Fix and Flip Loans for beginners are not an issue for us like they are with other lenders. We will lend to first time flippers!!
Fix and Flip Loan Requirements
Available in 45 States and Washington DC
- Rates starting from 11%
- Funding up to 85% of Purchase Price
- Funding 100% of the Rehab Costs
- Maximum loan is 75% of the ARV (completed value)
- 620+ Mid Credit Score Required
- Loan Amounts $50K – $5MM on 1-4 unit residential, Condos and Townhomes
- No Prepayment penalty
- Direct Lender
- Fast Closings
- Brokers always protected
- Rural Properties OK at 60-65% of Purchase Price and 100% Repair Cost
- Lots over 2 acres OK as well (nothing over 10 acres)
For the investor who wants to purchase and renovate an investment property in order to sell it or refinance into a longer-term loan
Fix and Flip Loans
Minimum Credit Score
Advance on Purchase
Advance on Rehab
2% or $2500 whichever is greater
Up to 85%
Up to 70%
1-4 unit residential, condos, townhouses
50k - 5MM
Hassle Free Hard Money Fix and Flip Loans
HardMoneyMan.com LLC’s fix and flip program offers up to 85% of the purchase price and 100% of the renovation costs, not to exceed 70% of the after-repair value. We’re successful because we want our investor partners to be successful. Our goal is to help you make money on your next rehab project.
We have all loan programs for investors ranging from fix & flip loans, ground up spec home funding, 1-2-year refinance take out loans and 30 year landlord loans (5/1 arm, 7/1 arm, 10/1 arm, 30 year fixed). We have been lending to investors since 1998 and provide a quick closing solution to investors across the country.
Why Choose Fix and Flip Lending For Your Next Project?
Fix and Flip Lending is a vital tool for real estate investors. It is a loan made by a hard money lender for the investor to buy, fix and sell a house. More recently, many investors have been rehabbing houses and then renting them out to hold as a long term rental.
Banks just do not understand that you can buy a property, put some money into it, and it could be worth a considerable amount more once you do this.
Yes, I know banks have their 203k program, but closings on those are mostly limited to homeowners (this is not an investor product) and typically these are not quick easy closings like hard money loans are.
Not sure which markets you should be looking at (if you fix and flip outside your home market), then this article “where to invest as a fix and flipper in 2022” is a great read for you.