rehab lending: Creative Fix and Flip Financing Options
- 10/08/13 09:58 AM
I work with many real estate investors, many of which are doing fix and flip transactions. Fix and flip transactions are short term deals with a property in need of repairs being acquired under market value, being rehabbed to bring it into compliance for conventional lending and to bring some curb appeal to the property and then being sold to an end consumer for market price. With these types of transactions, many investors are looking to leverage their existing capital in order to be able to do more than one project at a time. For these types of situations, it is … (0 comments)
rehab lending: CA Purchase Rehab Loans
- 08/14/12 07:24 AM
With rehab transactions there is often times a need for specialized financing, especially in the California real estate market. Ca purchase rehab loans are a special type of loan tailored to fit the needs of the short term real estate investor. Typically speaking, a purchase rehab loan is going to finance both the purchase and the cost of the rehab needed in order to improve the property to the point where it can be sold to an end user for a profit. This can include simple curb appeal and cosmetic improvements to additions and everything in between. Many times, with the … (1 comments)
rehab lending: The Importance of an Accurate After Repair Value
- 01/23/12 09:43 AM
There are a great deal of new investors looking to get into the fix and flip business. We do rehab loans for these types of transactions, and work with new investors on a regular basis. While we have a lot of successful investors we have worked with, one pitfall they must avoid is using an overly aggressive after repair value for their base assumptions. A good after repair value, or ARV, should give an accurate representation of what the property is actually going to sell for once the rehab is complete. This value needs to be accurate, as all other numbers will be … (1 comments)
rehab lending: Fix and Flip Loans
- 03/03/11 09:50 AM
Fix and flip loans are a great vehicle for real estate investors these days. With the number of foreclosures and bank owned properties still at or near all time highs in many locations throughout California, opportunity is there for investors to profit. Fix and flip loans are typically short term loans that incorporate funds to cover interest payments for 4-6 months and have a builders control account that can be drawn on to rehab the subject property. These days, our fix and flip loans are funding to 60% of the after repair value. Regardless of the after repair value, however, fix … (1 comments)
rehab lending: Hard Money Loans - 100% Acquisition and Rehab Loans
- 10/13/08 06:03 PM
Hard money loans are a good way to take advantage of the opportunities created by the downturn in today's housing market. I get a lot of calls from real estate investors looking for hard money loans to purchase and rehab property they can purchase below market value. Many are looking for 100% financing, which is a tough thing to find in today's lending climate. With that being said, there are programs that do allow for 100% acquisition financing on these rehab transactions. The guidelines for these 100% acquisition and rehab loans are pretty straight forward. You will need cash or additional … (0 comments)
Hard money loans are an alternative form of financing. We explore the real estate world and options that hard money lenders can bring to the table.
Chris Goulart, DRE Lic. # 01458390 NMLS Lic. # 298819 DWJ CA Broker Lic. # 01180522
I work with many real estate investors, many of which are doing fix and flip transactions. Fix and flip transactions are short term deals with a property in need of repairs being acquired under market value, being rehabbed to bring it into compliance for conventional lending and to bring some curb appeal to the property and then being sold to an end consumer for market price.
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