Fix and Flip Financing for Real Estate Investors
Fix-and-flip real estate projects are many real estate investors’ first foray into the investing world, and for many, they mark the beginning of a long and successful business venture. United Lending provides bridge loans for fix-and-flip real estate projects of all sizes, and we work with first-time individual investors and firms alike.
The Classic Fix-and-Flip Loan
Fast Loan Funding & Financing
Why Choose a Bridge Loan for your Financing Requirements?
Bridge loans allow investors to obtain the funding they need to purchase properties in as little as a week, which can give them a significant advantage over the competing investors. Because the average fix-and-flip project takes around 12 to 18 months from start to finish, the terms associated with bridge loans require repayment in full within a similar timeframe. In other words, the borrower repays the bridge loan when the renovations are completed and the home sells at a profit.
Bridge loans are also practical options for investors who want to refinance their properties with a refinance term that is much shorter than a traditional mortgage. Competitive interest rates over 12-month terms can save money over time, and this is especially helpful for investors utilizing the BRRRR Method to build their real estate portfolios. BRRRR stands for Buy, Renovate, Rent, Refinance and Repeat. In short, it involves buying a property, renovating it, renting it out, and then using a cash-out refinance loan to purchase another investment property.
What are the Other Benefits?
Higher Acquisition Volume
United Lending LLC processes hundreds of bridge loans every single year for new and experienced real estate investors alike. If you need funds to secure a property right now while waiting for more permanent financing, we can help. Our bridge loans come with competitive rates, easy qualifications, and lightning-fast turnaround times.
What Are Bridge Loans?
A bridge loan is a short-term loan that is designed to help real estate investors take advantage of investment opportunities while waiting for long-term or permanent financing options. Bridge loans are most utilized in two specific scenarios: fix-and-flip projects and ground-up new construction projects.