A “fix and flip” loan is a bridge loan or sometimes called a hard money loan used to purchase property with the goal of selling it for a profit or refinancing it to rent once the repairs are completed. A fix and flip loan works really well in these situations.

1. When you need to close fast (Our quick close time is 5 days!)
2. High leverage or a low down payment is required.
3. The property needs funds for renovations.
4. You cannot provide verifiable income (no tax returns required).
5. The asset is not yet stabilized, leased up, or producing any income.
6. If you want a short term loan with no prepayment penalty

At CambridgeHomeLoan.com, our fix and flip and fix to rent loans close very quickly… as little as 5 days! Fix and flip loans and fix to rent investment real estate loans do not require personal income verification and very little documentation! We offer a 100% program and a limited documentation 90% down loan program. Fix and Flip loans are a great way to  leverage your existing capital to generate more income with the ability to close & flip more projects at once utilizing bank funds!  Additionally, CambridgeHomeLoan.com finances the acquisition and the rehab costs of the project.