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03-30-2016, 05:56 PM #5
Reputation points: 12878
- Join Date
- Jan 2016
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Fix and flip funding usually starts around 100K lowest I have seen a lender go is 50K, sometimes they will provide additional funding to include materials/labor etc but they still typically top out at 90% LTV (and that is usually only with good credit and a lot of experience) so the merchant has to have a solid down payment. In this case though a bridge loan would not be a great fit unless he was looking for a new funding source for his projects (pm me and I can go over more of those details), and as this sounds like he just wants wc loanme would be a solid option (if they have not seen it already) otherwise you may need to look into term loans
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