Fix and Flip Loans

Are you a real estate investor looking to “fix and flip” a home?  Whether you already have the property or need assistance in acquiring, rehabbing, and selling a home quickly for the best profit, Redmond Funding Group is here to help.

Our fix and flip loans are unique. We not only finance the acquisition of the home, we often finance the cost of rehabbing the home. We provide straightforward access to your construction budget funds as work is completed because we know that cash flow is critical during the construction phase of your project. Our customers have told us that construction cash flow is an area where we truly out shine the competition; they appreciate our responsiveness and common sense approach to administering your rehab loan.

Contact us today so we can begin to assist you right away!

 

Fix & Flip Scenario

Acquisition Price: $300,000
Remodel Costs: $60,000
Total Cost of Acquisition: $360,000

 

Less Down Payment (20%): $72,000
Loan Amount: $288,000
   
Monthly Payment: $2,880

 

Once the loan is opened, RFG will set aside the $60,000 construction budget for disbursement throughout the project.  Assuming that the project stays within budget, typically the only cash disbursements made by the borrower after closing are for the monthly interest payments, utilities, and other non-loan related carrying costs.