Fix & Flip
Our SimpleFlip product is for investors who are buying distressed properties, rehabbing, & selling. Sensible, flexible, & fast!
Fix and flip loans
If you are looking for quick funding, then Simplending services are for you. We are fix and flip lenders that provide you quick access to capital so that you can grab the lucrative market opportunities. We offer flexibility in terms to meet your customized demands and specific timelines. Take advantage of our competitive interest rate, to maximize your return and ensure that you make the most from your investment.
We have excellent understanding of Texas real estate market, and our local expertise can cater you effective loans for flipping houses. Also, we have an easy application process means you can get a smooth experience with less paper work and fast approvals.
Loan Criteria
- Eligible Properties: Single Family, 2-4 Family, Multi-family, Office/Retail, Mixed Use, Warehouse & Self Storage
- Loan Terms:
12-18 months - Loan Amount:
$75K–$10M - Loan to Value:
Up to 90% of the Purchase Price + 100% of the Renovation Costs
(Not to Exceed 75% of the After Repair Value) - Minimum As-Is Property Value: Appraised value must be greater than $50k:
“As-Is” Appraised Value Must Be Greater Than $50k - Experience:
Prior Real Estate Investing Experience Not Required
But Affects Leverage & Pricing - Credit Score:
630 Minimum FICO
No Prepayment penalty interest, Only payment 1-20 Units
Why Fix & Flip?
Quick Closing
We provide a straightforward and efficient underwriting process that minimizes paperwork while maximizing effectiveness.
Personalized Products
We adopt a tailored approach for every client, focusing on understanding your individual needs and goals.
Collaborative Approach
We collaborate with a variety of institutional capital sources to ensure reliable funding at competitive rates.
Supportive Expertise
Our loan officers are experts in helping real estate investors like you secure quick and flexible funding solutions.
