In this day and age, as property prices continue to rise, Fix and flip projects have become a prominent form of real estate income. A fix and flip investment entails purchasing a property, renovating and repairing the property, and reselling the property for a higher price to attain a profit. So who funds these loans? Fix and flip loans are actually difficult to fund because they are usually short-term loans. That’s why rather than using conventional methods of acquiring a loan from the bank, a lot of fix and flippers choose to acquire their loans from private lenders.
Here at Sunset Equity, we have extensive knowledge on the real-estate industry which allows us to fund even the most difficult fix and flip deals. We offer fix and flip loans all over the U.S with rates starting a 7.49%.
We know that getting access to capital can be difficult for those involved in fix and flips. By choosing Sunset Equity we are able to fund your portfolio very quickly and efficiently. We also have other benefits such as no prepayment penalties, no income requirements, and minimal paperwork. This is why Sunset Equity is the leading private equity firm to fund your fix and flip today! Contact us now to learn more!
Any property that has a commercial use can be used as collateral for a commercial loan. At Sunset, we lend on all types of commercial property from office buildings and strip malls to large shopping centers (with or without an anchor tenant) that is located within the continental United States. We also provide rehab and construction financing on Commercial property and can easily roll a bridge loan into permanent financing.
Bridge Loan is a term used by Private money lenders when originating a non-traditional bank loan. The term bridge is a term used by people in the industry to bridge the gap between purchase and disposition via refinancing or sale. The Lenders rely upon originating bridge loans mainly on borrower’s assets and equity in the underlying collateral. These loans are most suited for a fix and flip investor that needs further financing either until closing of a transaction or resell the property usually within less than a years’ time.
Sunset provides construction and Rehabilitation loans to investors. These loan operate as line of credit where the borrower may access those funds for construction purposes. The caveat is that these loans are only drawn when certain portion of the project is completed as it operates for construction reimbursement. The disbursement of funds is done through a fund control to ensure work has been properly performed.