Fix and Flip Loans

Our Fix and Flip Loans were created to support investors, mortgage brokers and realtors – on their mission to a profitable Fix and Flip project. As a reliable financing partner and dependable source of support, Next-Financing makes it easy for you to get what you need and offers the best Fix and Flip loans in the industry.

In addition to competitive and low rates, we offer low origination points, high LTV leverage and no application fees. Next-Financing Fix and Flip loans provide a streamlined, user-friendly application process to make it fast & easy for borrowers to receive funding for their Fix and Flip project. Our entire process was created by real estate investors for real estate investors.

Click On The “Let’s Get Started” Button Below & Get Pre-Approved Today!

Fast Fix and Flip Financing For a Fast-Paced Market:

Next-Financing Fix and Flip Loans can provide the cash you need to grow your real estate portfolio. Benefits include:

Get Fast Financing For Rehab Projects – Loans From $75K* to $10 million.
No hurdles – Flexible Loan Options Designed To Meet Your Strategic Needs.

Advantages of Fix and Flip Loans from Next-Financing:

No Income or Tax Return Verification – Bank Statements Only (last 2 months to show liquidity)
No Monthly Payments/Carrying Costs (monthly payments rolled into your new fix & flip loan)*
Up To 90% of Purchase Price, 92.5% LTC, and 75% ARV)*
Down Payment Financing Available – up to $250K – with qualifying personal credit profile
Up To 100% of Rehab Costs
Advanced Rehab Draws Available – Avoid the Reimbursement Model*
12-24 Month Terms
600+ Credit Score – Minimum Requirement
Interest-Only Payments
No Prepay Penalty
No Hurdles- a very user-friendly and streamlined process
Fast Approvals, Quick Closings (2-3 weeks) & Competitive Rates – starting at 9.99%
* Experience Matters with Fix & Flips. You will need 3+ completed flips to qualify for some of our programs. We wil look at the big picture – flips+rentals to give you a maximum experience score.

Now Available from Next-Financing

Fix and Flip Down Payment Financing

(Based on your individual credit profile – Works great on Fix & Flip projects!)

At Next-Financing, you get flexibility and speed, not red tape and committees. Bottom line: If your strategy is sound and your property has potential, we’ll find a way to make your loan work—without the drama and without the run around. Let’s fund some deals!

Do You Need Proof of Funds?

We’ve Got You Covered – It’s Fast, Easy, and We Want You To Look Good & Be Prepared.

For investors that want to start putting offers on properties immediately, we can provide you with a preapproval term sheet for your review and a preapproval letter/proof of funds letter to attach to all of your offers. You can go in guns blazing and everyone will take your offers seriously. Just let us know and we’ll be happy to give you whatever is needed to lock up your targeted property.

It’s all about communnication….if you let us know what you need, we’ll make sure you have it. It doesn’t matter if you need it on a Monday morning or late Sunday afternoon, you’ll have the tools needed to lock up that property. We’re available 24/7 for our clients.

Advantages of Being Pre-Approved:

Know your rate,term, and LTV up front, so you stay within your budget.
No cost to you – ask for as many as you need.
Use your preapproval letter when submitting offers – attach to all of your offers. Your offers will get the seller’s & agent’s attention – they’ll know you’re serious & can perform.
Loan Amounts from $75,000-$10,000,000.
Get approved once and then receive rapid approvals on all future properties.

Fix and Flip Loans – FAQ’s

Q: What type of properties are eligible for Next-Financing Fix and Flip Loans?

A: The following property types are eligible for Fix and Flip Loans from Next-Financing:

Single Family Residence (SFR)
2-4 Unit Properties
Condominiums
Townhouses

Q: What type of Fix and Flip rates/terms are offered by Next-Financing?

A: Next-Financing offers Fix and Flip Loan rates between 9.99%-11.99%. Rate & Term is based on the property, location, borrower’s credit score and experience level. Contact us to learn more at: Sales@Next-Financing.com

Q: What are the minimum and maximum loan amounts for Fix and Flip Loans offered by Next-Financing?

A: Next-Financing Fix and Flip loans have a minimum loan amount of $75,000* and a maximum loan amount up to $10 Million. Certain Metro areas have different minimum guidelines.

Q: Do you lend on construction or repairs?

A: Yes, Next-Financing specializes in providing Fix and Flip Loans that include both the purchase and repair costs as part of the total loan amount.

Q: What states are eligible for Next-Financing Fix and Flip Loans?

A: Next-Financing provides fix & flip loans in 47 States. Currently, we do not lend in Alaska, North Dakota, South Dakota, or Vermont. We can provide bridge loans or purchase loans in all 50 states, but those bridge loans wouldn’t include rehab funds. Let’s talk…we may be able to combine 2 products to give you what you’re looking for. If you’re open-minded, we can be very creative.

Q: What is the minimum credit score for Next-Financing’s Fix and Flip Loans?

A: 600+ Minimum Credit Score – the higher your score, the better your rate & LTV.

Q: What factors are considered for approval?

A: We look at things differently than a bank and rely mostly on your real estate experience, location, property and other common sense factors when making decisions.

Q: Do you lend to Companies, LLC’s, or Individuals?

A: Next Fix & Flip Loans are typically required to close in an entity. We do have Fix & Flip Loans that can close in your individual name, but they’re capped at 85% LTC and 70% ARV. Let’s talk about your options and map out a plan. If we’re not closing for 2+ weeks, we have plenty of time to make things happen as an entity or an individual. This is not a deal breaker.

LLC’s
Limited Partnerships, General Partnerships
Corporations
Individuals

Q: Does Next-Financing lend to people from other Countries?

A: Yes – We have Fix & Flip loan programs (up to 90% LTV + 100% Rehab Costs) available to the borrowers listed below. ITIN’s are becoming extremely flexible, so typically….where there’s a will, there’s a way. Our Next-100 Program is only available to U.S. Citizens:

U.S. Citizens
Foreign Nationals
Permanent Resident Aliens

Q: Can I receive financing for a residence I’m looking to live in permanently?

A: We can provide owner occupied loans to purchase or refinance, but we can’t do owner-occupied fix & flip loans. The loan won’t cover additional rehab funds, but it will cover up to 85% of the purchase price. Owner Occupied loans are not available in all states.

Q: Is there a Prepayment Penalty?

A: No, there is no Prepayment Penalty on our Fix & Flip Loans. A typical Fix & Flip Loan will have a term of 12-24 months with interest-only payments & no prepayment penalty. The goal is to get in and get out as fast as possible, so we encourage you to pay your loan off early….not penalize you.

We’re Ready Whenever You Are – Get Pre-approved Today!