Fix and Flip Loans


Why Get A Fix And Flip Loan?

Fix-and-flip loans are short-term financial solutions designed for real estate investors. These loans provide the capital needed to purchase and enhance a property, aiming for a profitable sale or refinancing opportunity. Upgrades can vary from minor touch-ups to a full-scale home rebuild. The initial funding is determined by the property's current value and a budget for renovations, which will be allocated through construction installments.

Standard Loan Terms

  • Max Loan Amount: $5,000,000
  • Max LTC/ARV (Loan to Cost / After Repaired Value):
    • Experienced Investors: The Lesser of 85% LTC or 70% ARV.
    • Inexperienced Investors: The Lesser of 80% LTC or 65% ARV.
  • Rates: Starting at 9.99%
  • Term of loan: 6-18 months
  • Payments: Interest Only with balloon at maturity.
  • Prepayment penalty: None
  • Interest type: Non-Dutch

Standard Closing Costs

  • Origination Fee: 1-2%
  • Underwriting Fee: $1,500
  • Draw Fee (for future draws on the loan): $350
  • Legal: $750 – $1,500
  • Appraisal Fee: $500-$950
  • Title Insurance and recording fees: 1%
  • (Approximate)
Single family house icon-Get new purchase loan for foreign investor with Lendai

Property Types

  • Condominiums.
  • Single-family residences.
  • Two to four units.
  • Multifamily homes.
  • Townhouses.
  • Other property types case by case

Standard Closing Time

  • The Usual Time to Close is 10-15 days.

Lendai is a fintech lender financing US Real Estate Properties For Foreign Investors. Once the title work, appraisal and feasibility report are ready, we will be too!

Services

US Entity Formation Services

Empowering anyone in the world to turn their real estate dream idea into their US business reality. Forming your US entity in a few simple steps.

Insurance Services

Lendai has partnered with insurance experts to offer insurance policies catered specifically to the needs of foreign investors.

Lending in the Following US States

  California

  Oklahoma
Maine

New Hampshire

Massachusetts
Rhode Island
Connecticut
New Jersey
Delaware
Maryland
Virginia
West Virginia
Kentucky
Mississippi
Louisiana
Arkansas
Iowa
South Dakota
Nebraska
Kansas
Colorado

Wyoming

Montana
Idaho
Oregon
Washington
Utah
Alaska
Hawaii

Alaska

Arkansas

Colorado

Connecticut

Delaware

Hawaii

Idaho

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Mississippi

Montana

Nebraska

New Hampshire

New Jersey

Oklahoma flag icon- Foreign national loans for short-term rentals in Oklahoma

Oklahoma

Oregon

Rhode Island

South Carolina flag icon- US mortgage loan for overseas investors to invest in short term rental in South Carolina

South Carolina

South Dakota

Utah

Virginia

Washington

West Virginia

Wisconsin flag icon-US mortgage for foreign investors in Wisconsin by Lendai

Wisconsin

Wyoming

FAQ

Unfortunately, we specialize in real estate investment loans and do not provide personal loans.

Lendai supports your real estate endeavours by financing rental property investments and development projects.

Our loans typically feature a 9% interest rate and 1.75% points, with terms ranging from 12 to 36 months.

Our loans are primarily interest-only, meaning you’ll pay a fixed interest monthly and settle the full balance upon term completion. For instance, a $100,000 loan over 12 months at a 9% rate results in monthly payments of $750, with the principal amount due at term’s end.

Good news – most of our loans come without prepayment penalties, offering you flexibility in managing your investment.

Ready to start financing your investment?

Start maximizing your Fix and Flip profits today. Contact our loan specialists to explore your financing options.
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