- February 27, 2018
- Posted by: Michael Meyer
- Category: Uncategorized
Do you have an interest in fixing and flipping residential properties in Connecticut? Here at Northeast Financial we offer a very unique product known as Fix and Flip Financing. This product is great for investors and provides a line of credit that allows you to fix and flip multiple properties!
Fix and Flip Line of Credit
The Fix and Flip Line of Credit allows the borrower/Investor to draw out money as he/she pleases for the purpose of buying, fixing and ultimately flipping the property. Or he or she may choose to rent out the properties!
– Experience – Flipping properties, building, or has active rental income within the last 2 years
– Number of Properties – Purchase of multiple properties with a credit limit of $1 million to $2.5 million per property.
– Duration of Line of Credit – The standard is 9 months with extensions available up to 21 months!
– Single-family detached residences (SFR)
– 2-4 unit residences
– Planned Urban Developments (PUD)
– Multi-family, 5-20 units
If you have any questions about Fix and Flip Financing or for a general mortgage consultation or pre approval, call today! I look forward to speaking with you!
Mortgage Loan Originator
NMLS: 1590862 Company NMLS: 117273
Cell: 203-695-6858 Fax: 203-413-6240