Fix and Flip Loan Jacksonville

A fix and flip loan is short-term financing that real estate investors use to buy and renovate a property in order to resell it for a profit, a process known as house flipping. Fix and flip projects are one of the most lucrative businesses you can engage in. They offer many benefits, such as fast approval times, competitive interest rates, and the ability to use the funds for any purpose related to the renovation project.

Fix and Flip Loan can be used in many ways, including:

• Purchase a property: You can purchase a property from moving or distressed owners at a discount and resell it after doing some renovations.
• Repair: Loans for flipping houses allow some reserve funds for the renovation of old or outdated houses to make them more appealing to potential buyers.
• Construction: Fix-and-flip loans also allow you to demolish an existing structure and reconstruct it with the intention to put it back on the market.

Ground-Up Construction Loan Jacksonville

A “Ground Up Construction” loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. Essentially, construction loans are streamlined financing solutions that allow developers to borrow construction funds to pay for building materials, labor, and the land itself. These loans can be used to build single family homes, multi-family units, and mixed-use development projects, including office parks and retail centers.