Spartan Commercial Mortgage offers Connecticut fix and flip mortgages throughout the entire state.  Most noteworthy about this program is that it can be done as a line of credit or as one singular loan.  This program is ideal for investors that are looking to close on properties quickly and begin renovation.  We also offer fix and hold mortgage solutions as well. The Connecticut Fix and Flip Mortgages we offer puts the borrower in control of the process from start to finish.

Investor Line of Credit

The Fix and Flip Mortgage Line of Credit allows the borrower/Investor to draw out money as he or she pleases.  This is done for the purposes of buying as well as fixing and ultimately flipping the property.  Or the property investor may choose to refinance and then rent out the properties! Here is a quick overview of the program:

1. Borrower do not need to have experience to qualify for the line of credit. But, borrowers that do have experience will receive a better rate and terms.

2. Secondly, borrowers can purchase multiple properties with this line of credit.  The investor mortgage credit line renews automatically once the property is flipped. 

3. In addition, the standard length of this program is 12 months.  And extensions are available for longer!

4. Furthermore, investor mortgage credit lines are from 50K to 5MM.

5. Finally, the funding of this program is up to 85% LTV of the purchase and 100% of the Rehab. The program allows for 75% financing of the final rehabbed property.

Eligible Properties

– Single-family detached residences (SFR).
– 2-4 unit residences.
– Condominiums are also acceptable.
– Townhomes.
– Multi-family of 5-10 units.

Call us today for a free consultation or click here to get pre-approved. We specialize in Connecticut Fix and Flip Mortgages and are waiting or your call.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572