Fix-and-Flip Loans
If you’re a real estate investor looking to flip homes in Georgia, Coastal Capital Lending provides fast and flexible financing options. Our fix-and-flip loans help you purchase, renovate, and sell properties quickly. We give you the capital needed to stay competitive in the market.
About Our Georgia Fix-and-Flip Loans
Coastal Capital Lending provides fast and flexible fix-and-flip loans for real estate investors in Georgia. Unlike traditional bank loans, which rely on credit scores and lengthy paperwork, our hard money loans focus on the property’s after-repair value (ARV). This allows for quick access to funding.
We finance up to 90% of the purchase price and 100% of renovation costs. This helps investors complete their projects efficiently. Our loan terms extend up to six months, with interest-only payments. Extensions are available if necessary.
Additionally, we do not charge prepayment penalties so that investors have the flexibility to pay off the loan once the property sells.
Benefits of Reliable Georgia Fix-and-Flip Loans
When you need financing for a fix-and-flip project, reliable loans can make all the difference. Here are some key benefits:
- Quick Access to Capital: Our Georgia fix-and-flip loans provide fast access to funds. This allows you to act quickly on investment opportunities in competitive markets.
- High Leverage: We offer loans that cover up to 90% of the property purchase price and 100% of renovation costs. This enables you to maximize your investment without using a large portion of your own capital.
- No Prepayment Penalties: Our fix-and-flip loans allow early repayment without additional fees. This way, you have the flexibility to repay the loan once the property is sold.
- Interest-Only Payments: Our loans often come with interest-only payments for the duration of the loan. This helps you keep your monthly expenses low while working on the property.
- Asset-Based Lending: Focused on the value of the property rather than your credit score, asset-based lending makes financing more accessible for investors.
How It Works
Securing a Georgia Fix-and-Flip Loan is simple and efficient. Here’s the process:
- Application: Start by submitting a loan application. You’ll need to provide details about the property you want to purchase and the renovation plans. We will assess the project and its potential after-repair value (ARV).
- Property Evaluation: After reviewing the details, we will conduct a property evaluation. This helps us determine the loan amount based on the ARV.
- Approval and Funding: Once approved, we release the funds, often within a few days, so you can get started immediately.
- Renovation and Draw Requests: As renovations progress, you can request draw funds to cover rehab costs, keeping your project on track.
- Repayment: After completing the renovation and selling the property, the loan is repaid. You can pay off the loan early without any prepayment penalties or extra fees.
Why Choose Coastal Capital Lending?
Coastal Capital Lending stands out in the hard money lending market with these key advantages:
- Local Expertise: Our team has in-depth knowledge of the Georgia real estate market. This allows us to offer financing tailored to local conditions.
- Fast Approvals: With our streamlined process, we can provide funding in as little as 72 hours after receiving a clear title.
- Flexible Terms: Our borrower-friendly terms include no prepayment penalties and interest-only payments, making it easier to manage cash flow.
- Transparent Pricing: We prioritize transparency in all aspects of our lending process so that you always know the terms and fees upfront.
If you have any inquiries about our hard money loans, feel free to contact us today at [email protected] or call 843-849-4007.