Fix & Flip
For experienced fix & flip developers and investors, RTC’s Fix & Flip Loan Program reduces down payment requirements, greatly increasing their ability to acquire, improve, and rehab properties.
"When I find an opportunity, I need to have the money to close it. Some money I have, but most I borrow. Red Tower's Fix & Flip Loan helps me get the purchase done quickly and with good leverage. Many flippers can benefit from getting a 'Fix & Flip Loan.' " - Thomas S., Real Estate Investor
Red Tower Capital’s Fix & Flip Loan Program provides experienced fix & flip developers and investors quick and reliable financing for fix & flip opportunities.
The main requirement is that the borrower have recent flipping (or real estate ownership) experience.
Underwriting is targeting 3 transactions in the past 24 months, but exceptions can be made.
Advantages:
- Terms of 12, 18 and 24 months.
- Interest only.
- Property Types: Single Family Homes, Duplexes, Triplexes and Fourplexes, 5-9+ units, Mixed-use, etc.
- Up to 85% of purchase price.
- Up to 100% of rehab costs.
- Usually up to 65% of After Repair Value (ARV). 70% by exception.
- Significantly less documentation for loan approval than traditional lenders including banks and credit unions.
- Quick underwriting and approval.
Do not hesitate to reach out to discuss your loan scenario and get a quote!
Expertise You Can Trust
Since 2011, Red Tower Capital has been helping people achieve their dreams.
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What They Say About Us:
Having known Red Tower Capital for over 10 years, I can safely say, they are the most reliable private lender in the market.
Red Tower Capital solved my financing problem. They are great! Thank you!
Although I also invest in stocks, real estate and gold, I keep some of my funds in Red Tower's mortgage fund to provide me consistent income.
Red Tower Capital provided multiple loans to me over the years. They are easy to work with and very responsive. Thank you!
We have placed a handful of loans successfully with the Red Tower team over the years. Thank you for funding our deals!
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