Fix & Flip investing can be very lucrative. However, It also requires sufficient capital. CCF is uniquely positioned to customize a Fix & Flip loan to quickly and easily meet your needs. A Fix & Flip loan from CCF provides funding for the acquisition/refinance and renovation of non-owner occupied investment property.
Initial funding occurs at the purchase/refinance closing. The remainder of the loan is funded in draws as renovations are completed.
Fix & Flip Loans are used only for the purchase/refinance of investment properties, as opposed to owner-occupiedproperties, to include:
- Single-Family Homes
- Townhouses
- Condos
- Multi-Family Properties
- Mixed-Use Properties
- Targeted Small Balance Commercial Properties
FAQS:
Is there any cash required?
Typically, a down payment of 20% of the purchase price is required. Having “skin in the game” motivates investors to complete their project and reduces the lender’s risk of foreclosure.
How long until you have to pay it back?
Fix & Flip loans are short-term, usually 6-12 months. CCF will carefully analyze your deal to determine an appropriate length of term, including time on market.
Is there a prepayment penalty?
Absolutely NOT! Time is money and, as your funding partner, CCF is committed to your financial success. The quicker the loan is paid off – the more money you make!
Why Choose Coastal Capital Funding?
- Complimentary consultation
- Fast Approvals
- Close in as little as 48 hours
- Flexible Terms
- Acquisitions $75,000-$2 Million
FUNDING MADE EASY
Real estate investing can be tricky, but partnering with the right people make the whole process simpler. And when it comes to choosing a lender for an Acquisition Loan, not all hard money lenders are equal. What makes our programs stand out isn’t just the free, fast underwriting and low rates, it’s the personal attention you receive from your dedicated advisor and their experience with acquisitions. As the largest lender in the Mid-Atlantic, we’ve helped hundreds of investors secure capital to acquire investment properties.
DEDICATED TEAM
Our team and your dedicated loan specialist have real-life investing experience, so we know how to meet your needs and avoid pitfalls. We don’t just serve as your source of capital, we’re here to offer guidance and take the guesswork out of investing. From start to finish, we’re to ensure your success and establish a prosperous business relationship.
Ready to Get Started?
Start your application process by completing our online form.