Fix & Flip Loans (Fix and Flip) provide the borrower with the capital needed to invest in real estate with the sole purpose of remodeling or rehabilitating a property for a profitable resale value.
Real estate flippers and investors can benefit from our loan products and experience. Because we can fund loans in such a short amount of time (typically less than a week), many of our clients can offer lower “all cash” offers with the comfort that we can finance the transaction seamlessly and close quickly.
Fix & Flip Loans should be used as temporary financing as they are typically costlier than a conventional loan. Fix & Flip Loans are also more lenient than traditional loans, in that they generally require no income, asset or employment verification; credit score and history is of very little relevance; and they can be funded very quickly.
Our Fix & Flip Loans typically close in as little as 48 hours. We make sure you have access to the cash you need in the shortest amount of time possible because we understand that time is of the essence when trying to secure a prime fixer upper.
We offer loan amounts up to $20,000,000, which can be used for condominiums, single-family residences or multi-family residences. While they are designed to be a short-term solution, Fix & Flip Loan terms can range from 6 months to 7 years if needed.
Our investors will generally lend up to 90% or more of the purchase price depending on the projected ‘After Repair Value’ of the property, and in some cases, may cover some or all the rehab costs.
To help you determine if a Fix & Flip Loan is right for you, please contact one of our licensed Loan Specialists by calling us directly at 844-574-LOAN (5626) or by submitting the form on the right.
i. Loans are not available in all states; Westpark Loans only brokers loans in California.
ii. Rates are subject to change daily and throughout the day without notice.
iii. Neither this website nor its parent company is a lender.
iv. The rates and payments shown do not factor in all your information. Your specific situation may warrant a higher rate and payment based on credit history, income, and many other factors. Speak to one of our mortgage professionals to get personalized rate and monthly payment quotes.
v. Credit may exceed the fair market value of the dwelling. Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. The consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.
vi. Stated Income products may have a higher interest rate, more points, or more fees than other products requiring documentation.
"AJ was wonderful here was right there with us through the whole process and did everything he could to make sure we got funded. I would highly recommend them."