fix and flip
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  1. #1
    Senior Member Reputation points: 24
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    fix and flip

    Does any one know of second and third position lenders for fix and flip? 1 million to to 2 million dollar properties

  2. #2
    Senior Member Reputation points: 218103
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    Feb 2017
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    Don't exist.
    Especially when you think about the following - Why did the guy run out of money?

    This is what unsecured money is for. It can be cheap enough, just have to know how to get access to it. I think I introduced you to someone before.

  3. #3
    Senior Member Reputation points: 218103
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    Basically, Mezzanine debt / Equity

  4. #4
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Nov 2014
    Location
    South Florida
    Posts
    840

    Depending on location and property type, i would entertain refinancing into 1 position and provide the . rehab funds on a draw..
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  5. #5
    Quote Originally Posted by k lion View Post
    Does any one know of second and third position lenders for fix and flip? 1 million to to 2 million dollar properties
    Anyone who does this is going to need to become 1st position and buy out priors. Thats the whole basis of fix/flip

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