PRIVATE MONEY FOR REAL ESTATE FIX & FLIPS
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Private Money Loans for Fixing & Flipping.
At Maxim Capital Solutions, we collaborate with lenders who specialize in providing loans for fix-and-flip property ventures. Feel free to reach out via phone or email today, and we can promptly furnish you with the most competitive rate quote from our select group of preferred lenders.
Compared to conventional commercial or residential property loans, Fix and Flip loans generally come with significantly higher interest rates. These loans are seldom offered by commercial banks or traditional deposit institutions. Similar to bridge loans, hard money loans adhere to comparable lending criteria and borrower costs. The key distinction lies in the fact that bridge loans typically relate to commercial or investment properties undergoing transitions that don’t yet meet the requirements for traditional financing.
On the other hand, hard money loans encompass asset-based loans with elevated interest rates and can encompass financially distressed scenarios such as mortgage arrears, bankruptcy, or ongoing foreclosure proceedings.
Numerous Fix and Flip mortgages are extended by private investors, often within their local communities. The borrower’s credit score typically holds less importance, as the loan is secured by the value of the property being used as collateral. Generally, the loan-to-value (LTV) ratio ranges from 65% to 70%.
In other words, if the property’s value is $100,000, the lender would provide a loan of $65,000 to $70,000 against it. This conservative LTV ratio serves as an added safeguard for the lender in case the borrower defaults, leading to potential property foreclosure.
For comprehensive details regarding hard money real estate loans available in your state, don’t hesitate to contact us today.
INVEST STRATEGICALLY IN TODAY’S MARKET SWEET SPOT. THE COMPONENTS OF A GREAT DEAL:
The initial and crucial step in any successful fix and flip project is the identification of the right real estate property. To assist you in this endeavor, we have developed a straightforward 5-point guide. This guide is designed to help you pinpoint the ‘sweet spot’ deal, which can maximize your chances of profitability while safeguarding your investment.
At Maxim Capital Solutions, our focus is on providing hard money loans for projects with the highest potential for success. To accomplish this, we base our lending criteria on these five essential points:
MAXIM CAPITAL SOLUTIONS’ COMPETITIVE ADVANTAGE:
THE MAXIM DIFFRENCE. WE ARE THE RIGHT CHOICE.
With our streamlined process, we swiftly evaluate your deal to ensure it aligns with our criteria, enabling you to move forward without delay. Our primary concern is safeguarding your deals as you venture into the profitable world of real estate. For us to provide financing, it’s essential that your numbers and exit strategies make perfect sense.
Welcome to our comprehensive Private Money Platform, where we hold your hand throughout the entire deal – from application to closing. Say goodbye to awkward phone calls to strangers for funds or worrying about drafting documents, HUD 1 statements, or title issues.
Whether you’re seeking fix and flip loans, a rehab ARV loan, or a cash-out refinance, etc. Maxim Capital Solutions stands ready as the solution to your needs. Let us do all of the leg-work for you. Learn More!
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