Fix and flip loans are credit lines used to cover the purchase price and rehab costs of residential investment properties. These fix and flip loans are meant for short-term rehab projects, with term lengths up to 18 months. At Haus Lending, we’ll cover up to 90% of the purchase price of the property and 100% of the rehab costs.
Fix and flip loans are for real estate investors who plan to rehabilitate and resell their investment properties. They are not for long-term investment properties, or properties with more than 4 units on site. If you have more than 4 units on the property, check out our Multifamily program.
Haus Lending's Fix and flip loan program is simple, and that's what sets us apart. We know the business inside and out so we get you started on your project sooner through streamlined approvals and personalized service from start to finish.
A bridge loan is short term financing used until permanent financing is secured. These types of loans are common in real estate transactions and typically range from 6-18 months. Bridge loans are backed by some form of collateral, usually the subject property.