Fix and Flip Loans

A “fix and flip” loan is a short-term bridge loan used to purchase property with the intent to sell it for a profit after the renovations are complete. A fix and flip loan is a great fit in the following situations:

1. When you need to close fast (Our average time to close is 7 – 14 days!).

2. When the property needs renovations.

3. When you need high leverage (We offer up to 90% LTC).

4. When the property is not yet stabilized, leased up, or generating any income.

5. When you can’t provide verifiable income (no tax returns available).

6. When you only want a short term loan with no prepayment penalty.

At Loan Workout Group, our fix and flip loans close very quickly… even in as little as 7 days! Our fix and flip loans require no personal income verification and very little documentation! Our Fix and Flip loans are a great way to start leveraging your existing capital and generate more income with the ability to close & flip more projects at once! Loan Workout Group finances both the acquisition and the renovation costs of the project. Simply bring your initial closing costs and Loan Workout Group will fund the rest including reimbursing you for the renovation costs as the work is completed. Fix and Flip Funding

Eligible Properties for Fix & Flip Loans

Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., town homes, duplex’s, triplex’s, and quadplex’s. At Loan Workout Group, we lend to real estate investors looking to purchase, refinance, fix & flip, or buy in order to fix it then rent it out.

Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Loan Workout Group, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.

Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Loan Workout Group, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.