Fix and Flip Loan Expertise with Boathouse Commercial Funding Group
Transforming Michigan’s real estate landscape with our tailored Fix and Flip financing solutions.
- Up to 90% LTV of the purchase price and 100% of the rehab funds for experienced flippers.
- Up to 80% LTV of the purchase price and 100% of the rehab funds for new flippers.
- We are one of the few lenders that the will finance rural fix and flips (reduced leverage of 55-65% LTV)
- Only 3-months of seasoning required to pull cash-out using the new appraised value.
Fix and Flip Loans: Fueling Your Real Estate Vision Fix and Flip loans are short-term financing solutions designed specifically for real estate investors looking to purchase, renovate, and quickly sell properties for a profit.
Purpose: Ideal for real estate entrepreneurs aiming to capitalize on quick property turnarounds, these loans provide the necessary funds to both acquire and renovate potential properties before selling them at a higher value.
Benefits: With Fix and Flip Loans from Boathouse, enjoy swift approvals, flexible loan terms, and financing that understands the pace and demands of the flipping industry.
Why Michigan Investors Choose Boathouse’s Fix and Flip Loans:
- Local Expertise: With a finger on the pulse of Michigan’s dynamic real estate market, Boathouse ensures you’re always a step ahead.
- Fast Funding: In the fast-paced world of property flipping, our quick financing ensures you never miss out on a golden opportunity.
- Tailored Solutions: Every property and vision is unique. Our loans are crafted to align with your specific project requirements.
- Competitive Rates: Boathouse is committed to offering rates that maximize your project’s profitability.
How Fix and Flip Loans Work:
- Quick Approval: Given the time-sensitive nature of flipping, our approval process is streamlined for speed.
- Flexible Loan Amounts: Whether it’s a quaint suburban home or a larger property, we offer loan amounts that cater to various project scales.
- Short-Term Nature: These loans are typically designed for 6 to 18 months, aligning with the expected duration of a flip project.
- Repayment: Depending on the agreement, repayments can be monthly or at the end of the loan term, often from the sale of the renovated property.