Spartan Commercial Mortgage offers Real Estate Fix and Flip Loans for Investors.  Most noteworthy about this program is the ability to do it as Line of Credit fix and flip loans or as one of our fix and hold loans.  This program is ideal for borrowers that are looking to close on properties quickly and begin renovation. 

How do Real Estate Fix and Flip Loans work?

The Fix and Flip/Hold 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. First of all, you do not have to have experience with Flipping properties.

2. Secondly, borrowers can purchase multiple properties with this line of credit.  The investor line of credit 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, our program allows for up to 85% financing of the purchase and 100% financing of the rehab.

Eligible Properties

– Single-family detached residences (SFR).
– 2-4 unit residences.
– Condominiums are also acceptable.
– Townhomes.
– Planned Urban Developments (PUD).

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

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572