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Fix and Flip Loans

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Fix & Flip Loans Made Easy

At GreatEnergyCapital, we've created a simple and effective process for Fix and Flip Loans, ensuring they are available to real estate investors nationwide. Our goal is to offer a hassle-free and reliable lending experience, making your property investment efforts more efficient.

Transforming Properties and Profits with Fix and Flip Loans

Fix and Flip Loans enable real estate investors to acquire distressed or undervalued properties, renovate them, and sell them for a profit. These borrowers work within tight timelines and budgets, focusing on buying low and selling high. During the underwriting phase of the Fix and Flip Loan process, GreatEnergyCapital can finance up to 85% of the purchase price, cover 100% of renovation expenses, and provide up to 65% of the After Repair Value (ARV) for seasoned real estate investors. Our streamlined underwriting process usually concludes within 21 to 35 days. To obtain a Fix and Flip Loan, investors need to show the property’s potential for profitability. Borrowers favor these loans because of their more straightforward underwriting process compared to traditional financing. They also value the flexibility offered, as there are no penalties for early repayment, enabling them to pursue other opportunities.

Understanding Fix & Flip Loans vs. Hard Money Loans

Fix & Flip Loans function as asset-based financing options, akin to Hard Money Loans, but they have unique underwriting criteria. While Hard Money Loans mainly emphasize the asset’s Loan to Value (LTV), Fix & Flip Loans take into account both the property and the borrower’s qualifications.

Hard Money Loans and Fix and Flip Loans are often confused because both are funded by hedge funds. However, they differ significantly in their underwriting processes. Unlike Hard Money Loans, Fix and Flip Loans typically involve more thorough underwriting with stricter criteria. Depending on the lender, these loans may require a minimum FICO score, and borrowers must have a clean credit history, free from late payments, foreclosures, judgments, or bankruptcies for the past 24-36 months.

Additionally, Fix and Flip Loans are structured as rehabilitation loans, offering short-term financing for property acquisition and renovation, typically ranging from 9 to 24 months. They are specifically designed for investors looking to capitalize on profitable opportunities in residential real estate.

Understanding Fix & Flip Loans vs. Hard Money Loans

At GreatEnergyCapital, obtaining a Fix & Flip Loan is a straightforward and efficient process. After identifying a property you’re interested in, you’ll work with our loan officer team to get pre-qualified for financing. Once you meet the underwriting requirements, we will detail the loan terms and provide a clear overview of the process. It’s important to understand that Fix and Flip Loans are specifically designed for investors aiming to purchase residential properties, such as houses and single-family units, and are not suitable for owner-occupied homes.
Our dedicated team of loan officers, who have extensive experience with house-flipping investors, will assist you in the four main areas where funding is required for a Fix and Flip Rehab Loan: the down payment, closing costs, reserves, and the initial draw. During the processing and underwriting phase, we evaluate the property’s value and your financial background. If everything checks out, you’ll move on to the funding phase, which includes signing the necessary paperwork and promissory notes. Funds will be disbursed to either the property seller or directly to you once all conditions are satisfied. GreatEnergyCapital partners with real estate investors who specialize in property flipping to establish a Draw Schedule for construction funds as part of the Rehab Loan process. An inspector will verify compliance with building codes, and funds will be released in increments. Typically, transfers occur within 2-3 days following the draw request.

Nationwide Fix & Flip Loan Programs

GreatEnergyCapital provides nationwide Fix and Flip Loan Programs specifically designed to give house-flipping investors quick access to funding. Our dedication to a smooth and dependable loan process distinguishes us in the industry. For investors and entrepreneurs eager to capitalize on their investment properties,GreatEnergyCapital excels in fostering productive partnerships between lenders and investors.

Our program highlights include:

Eligible Property Types:
include Single-Family Residences (1-4 Units) and Multi-Family Residences (5-24 Units). Mixed-use properties are not permitted.
Loan Amounts :
Up to $4 million for Single-Family Homes and up to $7.5 million for Multi-Family Properties.
Simple Terms:
Benefit from a 12-month interest-only period with no penalties for early repayment.
Expedited Process:
Non-TRID loans allow for quicker closings.
Convenient Rehab Draws:
Select options that eliminate interest on rehab draws until they're requested, ensuring prompt processing.
Comprehensive Rehab Support:
Robust rehab options are offered, including 100% financing for renovation costs.
Expedited Processing of Rehab Requests.
Up to 85% LTV, 65% ARV, and 85% LTC Available.

Your Simple Path to a Fix & Flip Loan with GreatEnergyCapital

1. Pre-Approval:

Starting your journey with GreatEnergyCapital ensures your financing aligns with your real estate investment objectives. We evaluate your project's specifics, including its location, purchase price, renovation plans, and proof of funds. Begin by discussing your needs with one of our experienced loan officers.

2. Processing and Underwriting:

Our underwriting process involves examining your application documentation and a detailed project plan. Once you meet our criteria, we arrange for an appraiser to assess the property. We may also request additional documents regarding your experience, cash flow, income, and credit history. We serve both individuals and organizations.

3. Funding:

After approval, we transition to the closing and funding stage, which includes signing various documents. Once all conditions are satisfied, the funds are released either to the property seller or directly to you.

4. Fix and Flip Draw Schedule:

Our team works with you to establish a Draw Schedule for construction funds. An inspector verifies compliance with building codes, and funds are distributed in stages. Generally, funds are transferred within 2-3 days following a draw request.

Fast and Flexible Fix and Flip Loans

Quick Closings

GreatEnergyCapital Fix and Flip programs provide an average closing timeframe of 21-35 days, guaranteeing a quick and seamless experience for borrowers.

Flexible Underwriting

We take pride in our adaptable underwriting process that makes it easier for you to secure funding for your real estate investment objectives. Reach out to us today to begin your journey toward successful property investment.

Get Started on Your Fix & Flip Project with GreatEnergyCapital

Have you discovered the ideal investment property and are eager to explore Fix and Flip Loan financing options? Contact us today. Our experienced team specializes in Fix and Flip Loan financing, ensuring a seamless application-to-approval process. We understand the importance of quick and dependable funding for your investment projects and are committed to supporting you every step of the way.
For more details or to kick off your real estate investment project with GreatEnergyCapital, please reach out to us at admin@greatenergycapital.com or call us at (888) 533-0162. Start your journey by applying for loan pre-qualification today.
Boost your real estate investments with GreatEnergyCapital — Your Path to Success in Fix and Flip Financing!
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(888) 533-0162

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