Financing for Property Flippers
If you want to purchase and renovate properties to turn fixer-upper houses into a sizable profit, you need the right financing. MAI Capital provides fix and flip financing to both new and experienced real estate investors.
Terms for Fix and Flip Lines of Credit
Lines of credit are great for investors who want to work with multiple properties at once. Our lines of credit allow you to finance renovations for 1-500+ properties with 90% financing for the purchase price. The loan periods last for two years and cover 95% of the costs of renovation. Low interest rates and loan amounts of up to $10 million make this financial solution beneficial.
Terms for Fix and Flip Loans
Like lines of credit, fix and flip loans come with 24-month periods. We can lend up to $5million, and the loan covers 85% of the purchase price and 100% of the cost of renovation. Closing takes place in as little as 10 days after application.
Fix and flip financing from MAI Capital is ideal for purchasing and renovating property to sell at a profit. Contact us today to learn more about this avenue of financing and determine if it can help you reach your investment goals.