Our Fix and Flip loan helps you purchase a distressed property, fix it up and sell it for a profit. Most banks won’t lend the funds to either purchase or repair these distressed properties as the perceived risk is too great. We, of course, are geared up to handle these types of loans including lending you the rehab funds and paying those funds out to you in draws as the work progresses.
At REI Investment Society, one of our goals is to help you keep as much cash in your pocket as possible. Along those lines, our lenders lends up to 90% of the after repair value (ARV) of the property. This means that we can, in some cases, lend up to 100% of the purchase price and repairs if the 90% ARV loan amount covers this. And we have made these type of 100% loans!
At REI Investment Society offers a wide variety of fix and flip loans for the real estate investor looking to purchase and rehab investment properties for new construction, complete gut rehab loans and cash out loan products and more… We provide investors the ability to capitalize on fantastic real estate opportunities across entire lending area. Our commitment to you is that we will work closely with you to ensure that the amount of money required is reasonable and still makes the deal a good one for you!