Fix and Flip Financing
Choose From Loans and Lines of Credit for Fix and Flip Financing
Property investors interested in renovating and selling homes can benefit from Lode Capital’s fix and flip financing. Unlike traditional loans, fix and flip financing is designed with short-term investment in mind. Fast and flexible, it’s the perfect option if you want to put a home back on the market within a year.
What Are the Differences Between Credit Lines and Loans?
Lode Capital offers two types of fix and flip funding: credit lines and loans. Our loans provide a lump sum at the beginning, which you pay off with fixed monthly payments. Our credit lines, on the other hand, allow you to draw amounts when you want.
What Are the Benefits of Fix and Flip Financing?
One of the best things about fix and flip options is the flexibility. You can use funds to cover purchasing, labor, materials and anything else you need.
Lines of Credit
When you choose a line of credit, you can count on these benefits:
- Low fixed rates
- 24-month terms
- Amounts up to $5 million
- 95% of renovation costs and 90% of purchasing costs covered
Our loans offer the following benefits:
- Low interest rates
- No prepayment penalties
- Amounts up to $10 million
- 100% of renovation costs and 85% of purchasing costs covered
How Can You Apply?
Getting started on a fix and flip application is easy. All you have to do is give us a call, and our friendly experts will walk you through the process.