Spring Loan Programs for Investors


Nationwide Fix and Flip Funding Programs:

NO CREDIT REPORT

NO BACKGROUND CHECK/UPPER COURT SEARCH

NO APPRAISAL

CLOSE IN 5 DAYS

ONLY PAY INTEREST ON OUTSTANDING BALANCE


LOWER RATES and MAXIMUM LEVERAGE to NEWBIES

Lender will fund up to 90% of purchase and 100% of rehab with no previous experience up to 75% ARV.

Below are the parameters for the financing program:
90% of Purchase
100% of Rehab
9-12% Interest
1-3 Points
12 month term
No PPP
Up to 75% ARV and 75% AIV
Min loan of $75,000 / Max loan of $5,000,000
Entity Borrowers Only
525 min Credit Score
NO HARD Credit Pull
NO Experience Required
Option for interest being charged only on funded balance
Option for NO PERSONAL GUARANTEE

East Coast Hard Money Loans

We fund 100% of construction and acquisition up to 65% of the ARV.  We can approve the same day and close in 24hrs. Normally we are about 1.167% per month for a 12 month note.  The money is 6 points at the table.  cash out refi investors and buy/hold/refi

Maryland, Philadelphia, PA, New Jersey, Virginia, Delaware, Washington, DC

Leave Your Loan Scenario Below

Off-Market Brentwood Development Deal with Approved Plans on Large Lot in Canyon.


This is a rare opportunity to build your custom Dream Smart Home in Brentwood.

DEVELOPMENT SUMMARY

RTI – Plans Approved and Ready to Break ground. New construction , Modern Cape Cod sitting on a ½ Acre, the 6,000 sq.ft. plans call for 5 beds and 7 baths, formal dining room, media room, open kitchen, bar, master suite with his & her walk in closets and much more. Choose to build with our company and earn a projected 40% ROI in 1 year.

Developer Special! Contact me if you want to check out the plans!

$2.2M Purchase Price

$1.8M Construction Cost

Lender ordered appraisal – ARV – $6.1M

Contact me direct – 323-632-3279 or inquire below.

Quick Business Funding (24-48 hrs)


Unsecured Business Bank Statement Program
– From $10,000 Up to $500,000 Unsecured in 1 Business Day! 
– Factor Rates from 1.15 to 1.499 
– Loan Terms up to 18 Months 
– No Red Tape Lending, very lite documentation requests! 

We offer lite documentation and no red tape, so this is quick money that can help with operating capital, repairs, purchases, or any other business need. We also offer $0 down equipment financing up to $250,000! 

$0 Down Equipment Leasing Program
– up to $250,000 
– No Appraisals required on new equipment 
– Purchase from any Vendor 
– Funds available next day
– Can include soft set up and installation costs! 
– Rates starting at 6.49%

If you would like to apply and see what we can get your business, please provide the following documentation: 

1. Completed Small Business Short Term Funding Application – Edward will send in an email to follow this one. 
2. ID 
3. 3 Months of Business Bank Statements 
4. Month to Date Business Bank Statement up to the day you Apply. 
5. Lease Agreement for the site, or mortgage statement. If the property is free and clear, please provide a letter of explanation. 
6. Signor’s Credit Report that shows all three credit scores. 
7. Business entity formation documents to include 
For Corporations / S Corporations:                      For LLC’s / LLPs         
A. Officer List                                                        A. Member List 
B. Bylaws                                                              B. Operating Agreement  
C. EIN #                                                                 C. EIN # 
D. Certificate of Good Standing or Business License  D.  
Certificate of Good Standing or Business License

Smart Home Lookbook 2019


Exciting New Beginnings

In 2019 Fix and Flippers will become Signature Smart Home Consulting, LLC. We are currently rebranding and positioning ourselves to become the authority on Smart Home Technologies and consulting luxury homeowners in California on the fast growing trend of smart technologies designed to create an unprecedented level of comfort, security & personalization in our homes like we’ve never experienced. 

The first of these Signature Smart homes is located in Malibu, California and will be one-of-a-kind. 

The goal is to duplicate and scale the hush-hush proprietary technology  and make available for developers and home builders in 2019-20 to be used in homes. 

We are currently purchasing an established construction company to increase our footprint and control the smart remodel process. We will be working with contractors who specialize in these technologies, as they are very cutting- edge and most contractors are not familiar..

We plan on fully documenting the rehab process and the special tech that we install in the home. 

We can also help investors and homeowners identify various forms of private capital to upgrade and remodel their homes, add value to the property, then refinance back into a low rate, long term mortgage.

For inquiries contact me below.

Off-Market Rent-to-Own Home for Sale.


owner-financing

4342855_DF70244B73EB9481A2CCA789B2EDF06C

The seller is offering exclusive owner financing terms on this single family home in Skyline Hills neighborhood. The home features 3 bedrooms and 1.5 baths. Built in 1962 with 1,169 square feet of living space.

7545 Gribble St. San Diego, CA 92114 

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The home has natural gas, public sewer & 2 car garage.

Down-payment with affordable payments with flexible terms.

Looking for a candidate with good to excellent credit &  solid income history.

Rent to Own Terms

contact_us_today

Off-Market Finished Lots for Sale in Michigan – Direct to Owner!


Golden Gate 1.jpg

I’m direct to the owner of the sub-divisions and he is a veteran builder. He can partner with you to build some beautiful homes in higher or lower price ranges!

Attn: Builders & Investors
Create your inventory!

Finished Lots in Genesee County Michigan

Price – $85K Value: $135K
11 Lots Available
Minimum home size is 3,000 SF
Room to develop 30 more homes
Established subdivision in Grand Blanc
It will cost around $350K = $130/PSF
Selling for $475k – $500k
4,000 SF selling for $700K
5,000 SF selling for $900K
Golden Gate 2.jpg

35 Finished Lots in Burton, Michigan

Price: $26K – $30K
Costs $120K to build 1,400-1,600 SF
( 3/4 with bonus room over garage w/2 car garage)
Established subdivision in Burton

Pine Creek 2

Pine Creek 1

If interested Contact Me Direct!

Successful Funding of Malibu Luxury Rehab Project


Last year, One of my real estate agent friends who is also an aspiring Hollywood producer and through his networking introduced me to a top production group on the Universal lot!

After a tour of the lot, we discussed the film business and the financing and investment in films they were producing.

This didn’t lead to any actual investments, but one year later, in February, my agent friend re-introduced me to this group and  after a short consultation in his office, we submitted the application package for pre-approval for a hard money rehab loan which I knew we’d get back asap because my partners and I had an established relationship with the private lender who funded the loan.

My client identified a fantastic but dated remodel candidate in Malibu with a breathtaking views of the Pacific Ocean! The property had been on & off the market since 2015 & it was clear that since the previous buyers fell out of escrow the sellers & agents were uneasy about the whole private funding offer and funding.

I knew that I only had one shot to get it right!

He negotiated a $2M purchase price, our contracting team submitted a $450K rehab budget, with a 4-5 month timeline.

We ordered the ARV appraisal, after a week, it came back at $3.6M!

The case and the borrowers were nearly a perfect candidates, except for one thing: They had no experience rehabbing high-end luxury properties, so the lender required us to join the borrower on the loan and sign as co-guarantor’s of the investment! This was unprecedented!

We entered into a project management & joint venture agreement with my borrowers which afforded them  maximum leverage on their $500k down-payment. We were able to secure 2-4 months of interest payments so that wasn’t a concern.

The plan is to refinance after the remodel is complete, payoff the hard money bridge loan @ 9.9% and 4 points, 90% of purchase & 100% of rehab, into a 30 yr, fixed rate mortgage with cash out if needed for further future investments.

We closed this loan in about 30-40 days, but this was because the property was occupied by a seller who needed extra time to vacate before we closed escrow.

We will begin rehab this week & documenting our progress as we’ll be using exclusive, new “smart home upgrades” which I’m not at liberty to disclose yet due to its status.

Our motivation to JV was based on the profit potential and deal viability as well as the borrower’s financial position and excellent credit score & profile. Also even though they were not experienced, they handled the first time investor duties with poise and we were impressed with their willingness to learn the process. Overall they were very pleasant and easy to work with!

If you have a project you’d like to joint venture on, contact me below!

True Asset-based Fast Funding for Small Loans! No Credit Check, No Appraisal, No Income Check!


Acquisition Funding: Short Term, First Position, $10k-$99k

Capital is available, nationwide, with the following parameters:   

-$10,000-$99,000

-Up to 90 days

-Best used to acquire less-costly properties to quickly fix/flip or maybe wholesale flip

Up to 50% LTV (Loan To Value) of FMV (Fair Market Value)

No upfront or hidden fees. Quick funding decisions

No points, no interest. Not a loan.

– Funding is a Joint Venture (JV), cash-on-cash type investment

Available in all 50 states & DC

N.O.O. (Non-Owner-Occupied), investor-owned properties only

Investment must be secured by a 1st position note/deed

Funding origination & facilitation only via licensed: brokers and escrow professionals

           Why you and/or your clients should use  Short Term, First Position Funding

-It is directed at those who cannot or will not use Hard Money Lenders (1-3 months terms, low FICO score, have no cash, or do not qualify for some other reason)

-We make quick fix/flips possible, for smaller deals, that were previously impossible

– We normally fund in days, not weeks (for qualified deals)

– We do not require an appraisal, credit check or income verification

-Use our funds to get past temporary cash flow hurdles

-Pay overdue: taxes, liens, HOA fees

-Use our funds for building permits, closing costs, materials

-Bring payments up to date on other urgent loans

-Pay off a small note so property can be sold or refinanced

-Get properties out of probate, foreclosure, tax or sheriff’s sale

-Don’t tie up your personal capital, use ours

-Allows investors to leverage themselves into more deal

 

Free & Clear Funding: Short Term, First Position, $10k-$99k

Capital is available, nationwide, with the following parameters: 

Up to 90 days

$10,000-$99,000

Best used with properties that are owned free & clear by an investor

Up to 50% LTV (Loan To Value) of FMV (Fair Market Value)

No upfront or hidden fees. Quick funding decisions

No points, no interest. Not a loan.

Funding is a Joint Venture (JV), cash-on-cash type investment

Available in all 50 states & DC

N.O.O. (Non-Owner-Occupied), investor-owned properties only

Investment must be secured by a 1st position note/deed

Funding origination & facilitation only via licensed: brokers and escrow professionals

Why you and/or your clients should use  Short Term, First Position Funding

-It is directed at those who cannot secure the funds they need through normal investor financing channels. Reasons may include: low FICO score, short amount of time involved, funding amount is too small, etc., has no cash, or does not qualify for some other reason.

-We make quick fix/flips possible, for smaller deals, that were previously impossible

-Funding normally occurs in days, not weeks (for qualified deals)

-We do not require an appraisal, credit check or income verification

-Use our funds to get past temporary cash flow hurdles

-Pay overdue: taxes, liens, HOA fees

-Use our funds for building permits, closing costs, materials

-Bring payments up to date on other urgent loans

-Pay off a small note so property can be sold or refinanced

-Get properties out of probate, foreclosure, tax or sheriff’s sale

-Don’t tie up your personal capital, use ours

-Allows investors to leverage themselves into more deals 

 

Short-Term, First Position Funding, $10K-$49K for N.O.O. Mobile Homes on Investor–Owned Land

Capital is Available Nationwide

-$10,000-$49,000

-30-90 days

-Up to 25% LTV (Loan to Value)

-No up-front Fees, Quick Funding decisions

-Private funds

-Perfect for those who can’t get hard money or conventional financing, or need a short-term loan.

-Perfect for under $50,000 and low Fico scores

-Funds in days not weeks.

-No appraisal, credit check or income verification needed!

-Use funds for temporary cash flow hurdles

-Pay overdue taxes, liens, or HOA fees

-Use funds for building permits, closing costs, due diligence, materials

Recently Closed A Bulk Performing Notes Deal, Looking for More Assets!


Fix and Flippers, LLC has closed a bulk Performing Notes purchase transaction with two private companies for an undisclosed amount.

For many years I’ve attempted to locate a perfect match: a buyer and a seller for non-performing or performing notes. Like many colleagues, I’ve encountered the most frustrating situations: after being hand-walked into a servicing company 5 years ago, I was delivered notes on a platter, but I hadn’t identified a true buyer, and consequently, I burned my relationship because my “buyers” did not or could not close anything.

Then over the years I’ve met many true and serious note buyers who could not prove their capabilities to me because I had no notes to sell them. This was soon to change.

Recently I was introduced to a note seller through a referral partner, they proved to hold some product of interest but like most deals – ultimately fell apart.

Rewind to December 2016, originating from a Craigslist ad – I get a response to an ad I post regularly about private trust deed lenders who make loans to flippers, especially in 2nd position, as gap lenders, he explained that although in his companies’ 25 year history they’ve purchased performing and non-performing notes as well as REO from banks, credit unions, savings and loans, builders, mortgage companies, private equity firms, and that they’d buy a single loan and has closed $100M loan portfolio and now they’ve had success buying from individual investors and offering them an outlet.

He wanted me to refer my private lenders to them, but of course, I needed a way to vet their company.

All year I’ve been sending them note packages and they make bids and proceed with due diligence, which lead to notes with no discount, heavily shopped, fake packages, notes with no title policy and/or missing or incomplete paperwork, until finally one of the many leads I’ve introduced to them: brings a fresh portfolio of 20+ performing, agency quality performing notes, of course many things went wrong with the deal, with the usual transaction drama that ultimately resulted in a large portion of the notes to be dropped from the purchase, but finally it closed!

Now we can officially add this to our resume of different transactions we’ve facilitated or been a part of including single family, bulk single family, an operating business, various kinds of loans/funding and now bulk notes.

This is the time of year when lenders may have loans on their books that they want to get off before the end of the year. Also during the year institutions will lose investors and investors decide to discontinue programs. They can sell to my buyer.

Experts would agree with me when I state that: A portfolio or seasoned, long-term, low coupon fixed rate loans can become an asset risk liability…

Sub-Prime loans that remain in company pipelines and portfolio can become a risk liability.

 

Note Purchaser Looking for:

Anything Nationwide Performing or Non-Performing, REO, Deed in Lieu, SFR, Condo, Duplex, Multi-Family, Strip Centers, Offices, Warehouses, Churches, Mobile Home Loans, Residential, Commercial, Rural, Land and unusual properties.

  • They look at everything.
  • They’ve closed over $3B in assets.
  • Target Areas: FL, TX, Houston, Dallas, NY, L.A., CA
  • They offer a complimentary portfolio market analysis with no obligation to sell.

PAR and Premium prices are still available for loans that warrant PAR and Premium

(Both Fixed Rates or ARMs such as performing Residential loans SBA 7a loans, FSA’s, HCEM’s and USDA’s)

They accept seasoned loans.

Fixed Rate, Adjustable Rate, Agency and Non-Agency quality loans either servicing released or servicing retained.

Keep eyes open for REO Class A/B industrial warehouses in key markets in the US and Mexico.

Excellent and Poor Credit Assets

If you have an asset to sell, please contact me if you need liquidity and for pricing. Please send data via spreadsheet for easy review, email me if you need a copy of the bid indication format.

Contact Me Today! Let’s Close Some Deals Together!

323-632-3279- Greg@FixandFlippers.com