NFG Fix & Flip loans provide competitive rates for investors that purchase, fix and flip real estate for profit.
Fix & Flip loans are Bridge loans designed specifically to finance rehab projects. Fix & Flip loans, also known as interim financing, gap financing or swing loans, "bridge the gap" during the rehab and construction phase of a real estate project. The great thing about Fix & Flip loans is that loans are based upon the ARV (after rehab value) rather than the current appraised value. In many cases, lenders will lend up to 75% of the ARV.
Investors turn to fix and flip bridge loans when they need money to cover expenses in the interim rehab phase prior to selling or refinancing a property.