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The maturity date is one of the most important terms in a hard money loan agreement.
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Points and interest rates operate separately but should be considered together when assessing the total cost of any loan.
A rehab budget is one of the most critical concepts in house flipping.
Smart flippers in California use hard money as a strategic leverage tool to turbo charge their flipping business.
It is essential to make careful financial preparations before applying for a hard money loan to fund your flipping project.
Every property flipper needs a failsafe exit strategy.
Escrow is an agreement between two parties, usually in the form of a bond, deed and documents, which are kept in trust by a third party until a particular set of conditions are met.
Bridge financing is a critical tool in the kit bag of any flipper and developer aspiring to scale their business.
The cost of waiting for finance in property flipping and development is much higher than you might think.
CONSTRUCTION
Loan Amount
$800,000
Loan Type
Construction
Location
Apple Valley, CA
Approx. Value Increase
$339,000
FIX AND FLIP
$490,000
Refinance loan
Carmichael, CA
$442,000
$600,000
Second Loan, Fix and flip
San Francisco, California
$1,250,000
RENTAL INVESTMENT
$637,500
Rental Loan
Tracy, California
$400,000
BUY AND SELL
$780,000
Fix And Flip
Oakland, California
$421,000
COMPLEX FUNDING
$999,950
Purchase Loan, Fix and Flip
$420,000
FAST FUNDING
$370,000
Fix and Flip
Vacaville, California
$205,000
