Fix and Flip Funding
Designed specifically for non-owner occupied residential properties ranging from single-family homes to 4-unit multifamily properties, our program offers the flexibility and financial leverage you need to succeed in the competitive fix and flip market. With loan amounts up to $3,500,000 and financing options tailored to diverse project needs, we're equipped to support your ambitions across the United States, excluding selected states.
Benefits Of A Fix and Flip Loan
Maximize Your Buying Power
Leverage up to 90% of purchase costs and 100% of rehab expenses, maximizing your capital efficiency and enabling ambitious project scopes without extensive capital outlay.
Flexible Terms for Diverse Projects
Benefit from loan terms ranging from 12 to 24 months, with extended options available for complex projects like expansions and conversions, tailored to ensure the financial fit for your project timeline.
Broad Property Eligibility
Finance a wide array of property types including condominiums, townhomes, and planned unit developments, giving you the freedom to invest in a variety of real estate opportunities.
Fix and Flip Loan Overview
Here, we outline key features and benefits that distinguish our loans, ensuring you have the necessary information to make informed decisions. From competitive loan amounts to tailored terms that suit diverse project needs, we provide the support you need to maximize your investment's potential and achieve your real estate goals efficiently.
●Competitive Loan Amounts: Access up to $3,500,000 for larger projects, with detailed underwriting support to ensure the viability and success of each investment.
● Specialized Underwriting: Benefit from underwriting processes that consider the unique aspects of fix and flip investments, including wholesale transactions and non-arms length deals.
● Experienced Investor Focus: Tailored services for experienced investors, ensuring that those with a proven track record have the resources to expand their operations.
We Lend Nationwide
Town Square Financial proudly extends its services to 44 states across the United States, all from our home base in San Antonio, TX. This expansive coverage ensures that whether you're flipping houses in California, refurbishing townhomes in New York, or expanding a rental portfolio in Florida, our financial solutions are accessible and tailored to meet diverse market conditions. Our San Antonio roots enrich our national presence, blending deep local expertise with a broad understanding of national real estate trends, ensuring you receive knowledgeable support no matter where your investments take you.
FAQ
What credit requirements do I need to meet for a Fix and Flip Loan?
A minimum credit score of 600 is required, with a detailed credit report review to assess financial stability and previous real estate experience.
Are there geographic restrictions for these loans?
Yes, our loans are available throughout the US, except in MN, VT, UT, OR, SD, ND; there are special requirements for NV and AZ.
Can I use a Fix and Flip Loan for a property that needs significant repairs?
Absolutely, our loans cover up to 100% of rehab costs, making it ideal for properties that require extensive renovations.
What types of properties are ineligible for the Fix and Flip loans?
Ineligible properties include mixed-use properties, 5+ unit multifamily properties, condotels, co-ops, and certain unique/exotic properties.