Private money loans serve as crucial resources for Fix & Flips or "Rehabs" for various reasons. Typically, they come into play when a property's condition falls short of qualifying for a conventional loan or requires substantial repairs and upgrades to become profitable.
Fix & Flip loans are typically short-term arrangements. Once the necessary renovations are complete, the property can be sold for a profit, or the loan can be refinanced with conventional financing.
You can unleash your inner Chip or Joanna Gaines and take on the property renovations yourself, or you can enlist the expertise of professionals. Either way, Fix & Flips stand out as one of the most gratifying forms of real estate investment.
Loan amounts up to 125% of the purchase price
Loan amounts up to 75% ARV (After Repair Value)
Note rates 8%-13%
APR's 10%-18%
Copyright © 2024 Private Money Capital - All Rights Reserved. Loans are available only on non-owner occupied real property.
804 W Boone Ave, Spokane, WA 99201 | (406) 926-2955