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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
  • 10% interest rate on the principal
  • $700 appraisal and processing fee
  • $1,000 document preparation fee
  • 3-point origination fee
  • 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.

Apply for Credit – Receive Proof of Funds Letter

Investment property opportunities can happen at any time. When they do, you must be ready to move fast. By applying for credit today, we can give you a ResCap Proof of Funds Letter so you will be ready to act immediately.

If you already have an outstanding fix-and-flip loan and need to move fast on another property, ResCap will approve qualified borrowers for concurrent loans, so you will not have to worry about rushing the sale of the first property and get less than it is worth.

Apply for credit here to receive your ResCap Proof of Funds Letter by simply filling out our easy online Credit Application.

We understand your needs because we helped shape and define the single-family rehab and rental industry as the United States emerged from the Great Recession of 2008-2009.

We understand your market because we have rehab and rental experts on the ground in the markets we serve. Each of our business partners have flipped more than 1,000 properties themselves.

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