Fix And Flip Loans In Irvine . Anaheim . Santa Ana
Just a short drive from Irvine, California, Anaheim is home to the Disneyland Resort, Angel Stadium of Anaheim, and the Honda Center. The city provides a big range of unique attractions such as Sky Zone Anaheim indoor Trampoline Park, Flightdeck Flight Simulation Center, Yorba Regional Park, Anaheim Indoor Trampoline Park, and the Downtown Disney district. Visitors can enjoy great restaurants, close by beaches on their weekend gateway or day trip. Many attractions may be temporarily closed or need advance reservations. If you want to stay in this beautiful city and want to get a hard money lender in Anaheim, you are at the right place. You have come to the correct place if you are in search of a Hard Money Lender that provides fix and flip loans at competitive rates in Irvine, Anaheim and Santa Ana.
What are Fixing and Flip Loans?
Fix and Flip loans are acquired by real estate investors to purchase an affordable or rundown home and fix it up to sell it again for a profit. Investors interested in renovation get low at low price and sell high, on a quick and furious budget and timeline.
These residential fix and flip loans are bridge loans. Investors may opt for these kinds of credits because they need less underwriting than traditional loans. To get a Fix and Flip loan, an investor must prove that the subject property is profitable. Generally, there is no penalty for paying off this type of loan, so investors can move on to other dreams and other properties in which to invest.
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PRIVATE MONEY LENDING RATES STARTING AT 7.49% APPLY NOWCONTACT USHow long until you have to pay it back?
There are generally short-term projects, meaning up to twelve months. When using hard money for these kinds of projects, the lender will look at the scope of the job for the project and the expected time on market once it is done and ready to sell. If your lender has the experience and knows the market you are in, there is generally no need for extensions and everything will be paid off upon the sale of the property.
Types of fix and flip loans
There are lots of ways for smart real estate investors to leverage the power of hard money credits for flipping homes. They can be used to buy a distressed property, repair it and quickly sell it; or, if no repairs are required, the money is used on a fast purchase to resell the property. A fix and flip credit may also provide funds to repair a property the investor already owns, which is then sold for a profit.
These are 3 most general types of house flipping loans used by investors:
- Fix and flip (repair, purchase, and fast sell the property)
- No repairs, purchase and sell (fast purchase and resell the property).
- Refinance, resell and rehab
Get pre-approved for a hard money fix and flip loan today
Sunset Equity Funding is here to help you speed up your next real estate investment with a fix and flip loan. Call our experienced credit advisors today to find out if a Sunset Equity Funding hard money loan – or any other of our big range of products – is a best fit for your next investment. We look forward to getting to know more about your personal investment aims and real estate projects.