Real Estate Investor Financing — Flips, Rentals and Bridge

Real estate funding for investors: pick the loan by the exit

Investors lose deals by picking the loan before the plan. Start with how the property pays you back, and the right funding follows:

• You will renovate and sell. Use fix and flip financing: up to $3,000,000, sized off after-repair value, with up to 100% of repair costs financed on qualified projects. The repair money is drawn in stages as work is inspected. Hard gate: three or more properties owned, bought or sold in the last 36 months.
• You will hold and rent. Use residential investment property loans. Published rates start at 8.99%, you can finance up to 80% of the purchase, and the minimum FICO is 650. Express programs close in as little as 20 days and require prior successful investment projects.
• You need to close before something else happens. Use a bridge loan for a purchase ahead of a sale, or ahead of a refinance. There is no prepayment penalty on the programs in our network, but name the payoff event before you sign.
• It is commercial or mixed-use. Use commercial real estate loans, including SBA 504 when you will occupy the building.

What makes real estate funding fast

Speed comes from a complete file. Lenders get to a number quickly on a signed purchase contract, a scope of work with a real contractor bid, a defensible ARV or rent comps, and a simple track-record list (address, purchase and sale dates, prices). First-time investors usually need a partner who has a track record, or a different structure. We will say so up front, not after an application fee. Goldspur is not a lender, and we never charge borrowers an upfront fee.