A To Z Capital a Florida hard money lending company, completes a $285,000.00 bridge loan financing private placement package for a recent Buy-Fix-Sell (FixNFlip) commercial real estate investment property in Miami-Dade County, Homestead, Florida. The bridge loan financing provided 90% financing on the loan to value (LTV) of this commercial investment property.
What’s a Fix and Flip Loan?
A fix and flip loan is designed to help cover the purchase and renovation of a property so that it can either be sold or rented out. Loan terms vary from one lender to the next, but these kinds of loans typically have fairly short terms. The idea is that you’ll be able to sell the property before the full loan balance is due and use the proceeds to pay it off.
Because they’re usually short-term loans, fix and flip loans tend to carry interest rates that are higher than the ones for conventional loans. There is an advantage to using this kind of loan to rehab a property, however, since it’s possible to get the funding within a few days or weeks rather than having to wait two months or more.
A To Z Capital a hard money lender and alternative hard money commercial loan funding company provides Florida’s lowest cost solutions for commercial real estate investors. Offering a variety of of creative fiance options from private investors A To Z Capital can often provide a general commitment within a day and can close on funding commercial loan offerings within 7-14 business days. Our tagline reads: If you have not financed your commercial real estate loan option thru A to Z Capital you’ll probably pay too much!