About Us
Building lasting Relationships one F.L.I.P. at a time.
Welcome to the world of 100% financing! It has been our experience that most newbies to mid-level investors don’t have the initial capital to bring to the closing table. These investors find excellent potential flip properties; without significant money, the investor cannot close. Unfortunately, the investor ends up wholesaling the property making around 3k-5k, instead of flipping the property and making 50k-60k. You may wonder why a hard money lender would loan out 100% of the deal. It’s simple. The more money you make, the hungrier you get; the hungrier you get, the more deals you will find; the more loans Flip-Funds.com can finance. See, we told you it was simple.
Here are the guidelines for the program.
Flip-Funds.com
100% Hard Money Lending Guidelines
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Types of Collateral
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Residential Investment properties (no primary) and Commercial properties (Office, retail, light industrial, multifamily, mixed use, etc.)
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Repairs
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Must use a license General Contractor or one of our preferred certified construction vendors.
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Minimum credit scores
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650. Middle score. TransUnion, Equifax, and Experian
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Required documentation
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Light Doc loans: We underwrite our loans on the real estate asset as opposed to the borrower. No Bankruptcy, or active legal judgments
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Fees & Rates
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14% interest plus $1500 on the additional 10% loaned.
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Appraisals
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All underwriting is done in house by our seasoned real estate experts, so no appraisal is required
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Loan To Value
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Up to 100% on the value of the property (on a purchase, we lend off the potential ARV of the property)
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Survey
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Must purchase land survey (usually $350-$500 cost) before or at closing
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Funding of the Loan
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2-4 days after approval
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Contact our Dallas office directly: (469) 708-6398