A fix and flip home rehab project should be a profitable investment, but getting the RIGHT type of loan can be daunting. Here’s how LYNK Capital will help ensure that your project is properly funded and kept on track, so that you can focus less on funding and more on flipping.
Here’s a look at the LYNK Fix and Flip loan process:
When beginning the loan process, we’ll ask you for much of the same documentation that a bank would; however unlike a bank, we aren’t asking for this documentation to find reasons to say “no”. When evaluating your loan request, we will look closely at the following three areas:
- The quality and value of the property
- The scope of work and the experience of your contractor
- Your capability to manage the project through completion
We look at the whole picture, using common-sense underwriting principles to examine the character, experience, and capacity of each borrower, and have flexible documentation requirements to help you get started on your project quickly.
Once you’ve been pre-approved, you will receive an approval letter that includes a list of the required documents applicable to your loan request. Our team will then work closely with you to collect the necessary documents and structure your loan to best meet your project’s needs.
Our fix and flip loans can typically cover up to 90% of the purchase price of the property and 100% of the rehab and construction cost. We lend on condos, multi-unit, and single family properties. Rates start from 8% and loans are typically funded within 7-10 days.
Ready to get started with a fix and flip loan?
The quickest and easiest way to get started is by getting pre-approved for your loan. Our online loan application takes only a few minutes to complete. You may also contact us if you have more questions or would like to run a scenario by us.
Our Lending Experts are Here to Help
Thinking about a new project? Ready to get an approval? We want to make your life easier with our flexible process and knowledgeable staff. Get started with our online pre-approval and you’ll be one step closer to a fast closing.
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You need more information? Have a deal you'd like to discuss? Let us know!
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