Fix n Flip Investors That Partner With Provident, Stay With Provident
Fix & flip houses, fix n flip properties, flipping real estate… however you want to say it, we can help you get a loan for it.
Property flipping is one of the most accessible methods for generating revenue in the commercial real estate market. From seasoned pros to those just entering the world of commercial real estate, fix-and-flip projects offer a quick path to revenue while benefiting entire communities in the process.
But how do you find lenders to fund all of your fix & fix opportunities, now and in the future?
The answer is Provident Commercial Capital, located in San Clemente, CA, connecting investors to lenders nationwide. We understand that fix-n-flip projects operate on tight schedules, which is why we offer fast and flexible loans to keep projects on track so investors can start generating revenue.
Fix & Flip Loans
- Residential1-4 Units
- Rates Starting At7.99%*
- Loan Amount$250,000 - $25,000,000
- Maximum LTCUp to 90% purchase
Up to 100% of rehab
- Max Loan to ARV75%
- Term LengthUp to 18 months
- RecourseFull recourse only
When seasoned real estate or new fix & flip investors need loans for a 1-4 unit property fast, they turn to the lending experts at Provident Commercial Capital.
Competitive Rates & Terms
Customized fix & flip loan solutions at the forefront of the market with compelling rates and terms.
Quick and Reliable
Fix n flip deals are complex and can move slowly, but our team of experts allows us to move projects fast, efficiently, and with certainty.
Receive personalized service that will help you every step of the way, offering an efficient and diligent process from beginning to end.
Lenders & Loan For Every Strategy
With a variety of fix and fix lenders and loan options under our belt, we can help maximize your ROI and create a simplified experience for every investment.
Frequently Asked Questions
A private money lender is an investor who makes loans secured by real estate, typically charging a higher interest rate than banks but also making loans that banks would not make, funding more quickly than banks and / or requiring less documentation than banks
Private money lenders differ from bank lenders in that they often fund more quickly, with fewer requirements. Private money lenders are considered “asset-based lenders” who focus mostly on the collateral for the loan, whereas banks require both strong collateral and usually excellent credit and cash flow from the borrower.
In our experience, even investors/developers with strong financial statements and access to bank credit frequently choose to use private money loans (also called “hard money loans”). Situations, where private money loans make the most sense, include those where the borrower:
Requires a quick closing and banks cannot meet the deadline
- Has more good opportunities than cash;
- Wants to avoid spending too much time raising equity or debt from many different smaller investors, but prefers to instead focus on finding new opportunities;
- Lacks the patience or time to deal with¬†the bureaucracy¬†of securing a loan from a bank;
- Has an excellent investment opportunity, but does not have sufficient financial strength to get a bank loan, and/or;
- Has a bank line of credit but needs a larger loan than is allowed under the existing bank line
Private money lending can have a number of advantages over traditional bank financing including:
- A simpler application process and quicker approval/disapproval decision
- Less scrutiny of the borrower’s personal financial situation, including income and historical tax returns, compared to bank loans
- Borrowers can allocate less time to seeking financing and instead concentrate on other businesses;
- Borrowers can avoid the humiliation of being rejected by a bank;
- Most hard money lenders do not expect perfect credit and substantial amounts of disposable income from borrowers, but instead focus on the merits of the specific deal under consideration;
- Self-employment is not seen as unacceptable to private lenders, whereas many banks view self-employment negatively and strongly prefer lending to professionals with very steady incomes.
Secure Your Commercial Loan Today!