Fix and Flip Loans
At T-Max Lending LLC, we understand the importance of securing the right financing for your fix and flip projects. That's why we offer flexible and competitive fix and flip loans to help you achieve your real estate investment goals.
Fix and flip loans are asset-based, similar to hard money loans, but they incorporate more underwriting guidelines and criteria. While hard money loans focus solely on the asset, fix and flip loans consider both the asset and the borrower. Real estate investors use these loans to purchase rundown or undervalued properties, renovate them, and then sell them for a profit. This approach allows house-flipping borrowers to buy low, renovate quickly, and sell high on a fast-paced timeline and budget.
Loan Overview
Loan Amount: $1,000,000, - $100,000,000
Term Length: 12 – 24 Months
Max LTV: 80% Max LTC: 90% (exception based)
Amortization: Interest only
Interest Rate: Starting at 7.35%
Closing Time: 1 - 2 Weeks
Origination Fee: 1% - 5%