Fix and Flip Loans
For non owner occupied real estate investments
At Express Capital Financing we are direct lenders that have extensive experience with providing funding for acquisition & Rehab projects as well as Bridge financing. Our loan program allows for flexibility and quick access to capital that is in line with our swift underwriting procedures. We lend on loan sizes up to max of $5M on a 1 to 2 year short-term loans.
WHAT WE OFFER: Collateral based loans, up to 90% of the acquisition and 100% of the renovation cost, Closing within 5+ days, Not Credit Sensitive, Commitment In 24 Hours, Underwrite and Fund In-House.
A few pointers I would like to bring out, to show how Express Capital Financing is at the forefront of Hard Money Lending:
- Any city, state, property
- No prepayment penalties, you ONLY pay for what you use.
- We offer up-to 90% of Purchase and 100% of Rehab or 75% ARV
- No monthly minimum, where the investor is locked in for 3-6 months of payments.
- Unlimited draws, No Lien waivers, No photos, No invoices, Simple inspection, simple draw.
- No junk fees or Application fee
- H.M. Rates starting from 7.49%, based on LTV (pro rata)
- Back office support, communicating with your third party sources, to obtain a rapid and smooth closing process, at No additional costs . (ie. attorneys / title / insurance)
- Loans are 12 months, not 10 months where you’re paying more per dollar/ monthly payment.
- Certainty of execution, We will NOT change the terms day before or at closing !!!
- Proof of funds totally FREE ( average costs is 250.00 for each)
- Points can now be paid at time of closing, added to the monthly payments or at the back end at time of sale.
- As disbursed on the rehab portion, paying only on what you use. ( savings of 50% or more on the monthly payments)
- 0% extension fee for upto 3 months after the 12 month period ( saving the client 1%of the loan amount )
- Exterior drive-by’s welcome with no interior access
- We now offer desktop appraisal , making the process quicker, cheaper, easier.
- Line of credit, giving you unlimited transactions, unlimited amount of financing.