Fix and Flip Loans
Your business is improving homes and selling them. Fast.
Our business is creating straight-forward fix-and-flip funding programs that move as fast as your business.
Whether house flipping is a good second income or your full-time job, you will love our no-hassle, less-paperwork approach.
Residential Capital Partners offers fast, no-money down loans from $75,000 to $1,250,000. Our terms are completely transparent:
- Single-family residences
- 2 – 4-unit family residential properties
- Townhomes and condominiums
- $75,000 – $1,250,000
- No money down
- 100% financing up to 70% of ARV
- 9-month loan term
- No prepayment penalties
Loans to business entities, no individuals
Fast Loans for Experienced and Newer Investors
Residential Capital Partners funds 100% of purchase and 100% of repairs up to 70% of After Repaired Value (ARV). Most of the time, ResCap will begin its lending relationship with a new Borrower at a 65% of ARV Advance Rate. If a seasoned Borrower can show evidence of 10 closings during the last 12 months, ResCap will look to begin the relationship at a 70% of ARV Advance Rate. ResCap is always looking to deepen its relationship with its Borrowers.
ResCap understands that no one starts with experience, which is why we welcome people who have little or no house flipping experience. We will look closely at a less experienced Borrower’s source of income, cash liquidity and credit score. But, we will look closely at the merits of the deal too in order to find comfort in the new relationship. We offer new applicants the same no-money-down, 100% financing up to 65% of ARV until we have funded five fix-and-flip projects for them in a 12-month period. Loans thereafter receive 100% at a 70% of ARV Advance Rate.
Private Money Lender and Partner
Residential Capital Partners truly is your partner, not just a private money lender. Our success comes only from your success, so we do everything possible to help you succeed – including telling you if we think you may be considering a bad investment.
Our process was designed for speed and simplicity, with minimal paperwork and quick, hassle-free loans. No bait and switch, no teaser rates, no catches. This chart shows the advantages of teaming up with Residential Capital Partners.
Fix and Flip Funding Comparison
| Loan Type | Amount Funded | Title, Attorney & Origination | Avg Interest Rate | Origination Fee | Risk Factor |
|---|---|---|---|---|---|
| Residential Capital Partners | 100% up to 70% of after repair value | 0% – No money down | 10% | 3 points | Low risk. Money down means cash available for unanticipated costs and additional deals |
| Hard Money Lenders | 80% to 90% up to 70% of after repair value | 10% to 20% of purchase and repair budget | 10% to 14% | 2 to 4 points paid at closing | The up-front cash flippers provide at closing empties your pocketbook during the investment period of your fix-and-flip property |
| Conventional Bank Loan | 65% to 75% of purchase and repair budget | 25% to 35% of purchase and repair budget | 5% to 6% | 1 point paid at closing | Failure to close on time is the most common reason a flipper loses a deal while working with a conventional bank |
| Private Investors | Variable | Variable | 8% to 14% and can include profit sharing beyond interest rate up to 50% of back-end profits | 1 to 4 points paid at closing | Failure can jeopardize your assets, relationships and reputation |
Residential Capital Partners
100% up to 70% of after repair value
0% – No money down
10%
3 points
Low risk. Money down means cash available for unanticipated costs and additional deals
Hard Money Lenders
80% to 90% up to 70% of after repair value
10% to 20% of purchase and repair budget
10% to 14%
2 to 4 points paid at closing
The up-front cash flippers provide at closing empties your pocketbook during the investment period of your fix-and-flip property
Conventional Bank Loan
65% to 75% of purchase and repair budget
25% to 35% of purchase and repair budget
5% to 6%
1 point paid at closing
Failure to close on time is the most common reason a flipper loses a deal while working with a conventional bank
Private Investors
Variable
Variable
8% to 14% and can include profit sharing beyond interest rate up to 50% of back-end profits
1 to 4 points paid at closing
Failure can jeopardize your assets, relationships and reputation
Secrets of Successful Flippers
Our most successful Borrowers specialize in properties that require minimal remodeling and updates. Those which can be made market-ready faster than homes that require extensive renovation. The turnaround times for these properties are typically shorter, so you can do more deals and enjoy more cash flow. These kinds of projects also guard against unidentified costs that can blindside a Borrower in a renovation and cost the Borrower time and money.