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Whether you're a seasoned investor or just starting your real estate journey, Fix and Flip Loans can make your property dreams come true.
At H&M Dynamic Solutions, we're your trusted partners, connecting you with specialized lenders for your fix and flip opportunities. Contact us today – call or email – and let's secure the best rate quote from our preferred lenders
What's a Fix and Flip Loan, you ask? It's your golden ticket to real estate success! It's a type of asset-based loan where you get funds secured by the value of your property.
But here's the deal: Fix and Flip loans often come with higher interest rates than your typical property loans, and you won't find them at your local bank. They're a bit like a bridge loan, with similar lending criteria and costs.
So, what sets them apart? Well, a bridge loan is like a pit stop for commercial or investment properties in transition – not quite ready for traditional financing. Hard money, on the other hand, can tackle even the toughest financial situations, like dealing with arrears, bankruptcy, or foreclosure.
Here's the secret sauce: Many Fix and Flip mortgages are backed by local private investors, and they're not too concerned about your credit score. Instead, they rely on the property's value as collateral. Normally, they'll fund up to 65-70% of the property's value. So, if your property's worth $100,000, you could receive $65,000-70,000 to work your magic!
And here's the best part: This lower Loan-to-Value ratio gives lenders peace of mind, ensuring they're covered even if things go south. So, you can dive into your real estate project with confidence, knowing that Fix and Flip Loans have got your back!
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