Fix & Flip Bridge Loan
We Fund, You Rehab and Your Community Prospers
Sensible, simple fix-and-flip loans
Fix & Flip Loan
Chambliss Mortgage Capital's fix and flip loans provide you with a reliable funding source to purchase and rehabilitate new properties. CMC specializes in working with real estate investors on their fix and flip projects providing speed through streamlined approvals, flexibility with rates and terms, and personalized service from start to finish.
Fast Financing For a Fast-Paced Market
Key Features:
- Financing for purchase and allows borrowers to finance improvements (rehab funds are escrowed)
- An interest-only term provides lower monthly payments
- A higher LTV than hard money lenders
- No prepayment penalty; payoff the loan at anytime
- Close 7-10 days faster than traditional lenders
- One of the quickest draw process in the industry
Light Documentation
Our loan process allows real estate investors to avoid the intrusive document-gathering and mountains of endless paperwork typically found with other lending institutions. We do not require income verification, tax returns, months and years of bank statements, or many of the other typical requests from other lenders. We have a quick and straightforward condition list that can be completed fast – allowing our investors to focus on their properties rather than the hassle of tracking down and providing infinite documents and files.
FAQs
Fix and flip loans are credit lines used to cover the purchase price and rehab costs of residential investment properties. These fix and flip loans are meant for short-term rehab projects, with term lengths up to 18 months.
Fix and flip loans are for real estate investors who plan to rehabilitate and resell their investment properties. They are not for long-term investment properties, or properties with more than 4 units on site. If you have more than 4 units on the property, check out our Multifamily program.
Chambliss Mortgage Capita's Fix and flip loan program is simple, and that's what sets us apart. We know the business inside and out so we get you started on your project sooner through streamlined approvals and personalized service from start to finish.
A bridge loan is short term financing used until permanent financing is secured. These types of loans are common in real estate transactions and typically range from 6-18 months. Bridge loans are backed by some form of collateral, usually the subject property.
