There are lending options for 1-4 units up to 90% of the purchase price and 100% of the rehab budget done on draws. Options will depend on borrower credit score, LTV, ARV and property location as far as the state and actual location (not rural for fix and flip will have a lot more options). Happy to connect to discuss further.
@Albert Shalom You have a couple responses already, but happy to help. Depending on the address and numbers I should be able to provide a few options. DM'd you!
Looking for a mortgage broker to help me find the proper financing for a 3-unit Fix and flip bridge loan-
Idealy 18 month term low rate and points
Have additional properties that I am open to refinancing at a good rate.
Please reach out
@Albert Shalom Congrats on finding the deal. For a 3-unit fix & flip, there are quite a few bridge options depending on the purchase price, rehab budget, and experience level. Are you planning to flip it immediately or hold it as a rental after completion? Feel free to click Contact Us, check out our website, or give us a call if you'd like to discuss the scenario further.