We Offer Fix-and-Flip Loans.

There is plenty of money to be made flipping houses—especially in Texas—if you do it right. There can be financial barriers in the way, though, even for experienced flippers. Conventional mortgages were designed for long-term residences, and that makes them ill-suited for investment properties. As more people ventured into the house flipping market, a new type of loan was needed to meet their needs: enter the fix-and-flip loan.

What Is a Fix-and-Flip Loan?
Fix-and-flip loans are short-term real estate loans that help an investor buy and renovate property, so they can sell it at a profit. These kinds of loans have terms from 12 to 24 months. Most of these loans are hard-money loans that originate from private lenders. Fix-and-flip lenders provide these loans to buy residential properties and multi-family homes that are in foreclosure or at auction. The money is used to finance renovations and upgrades or to cover other expenses associated with the property.

Advantages of a Fix-and-Flip Loan
It’s hard to overstate the advantages of a hard money fix-and-flip loan for investment properties. The flipper and the lender get what they want out of the deal: money. When a talented flipper and a visionary lender come together on a project, hard-money fix-and-flip loans become the secret to everyone’s success. Quick funding, lower risk, and flexible terms are the main advantages. Investors bidding on a property need quick cash, and traditional home loans take weeks to deliver—that won’t do. You can get these loans from fix-and-flip hard money lenders, like LJC Financial, and they aren’t confined by the same processes and rules as traditional banks. If you don’t qualify for a loan with a bank, then you can still work with a lender.

LJC Financial is a trusted fix and flip lender in Dallas-Ft. Worth, Houston, Austin, and San Antonio. Contact us today to secure your own asset-based loan.
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