First-time investor just starting out, or experienced, expert house flipper we have the perfect solutions for your investment.
At King James Lending, we are focused on designing loans for real estate investment that are simple, easy to understand, and profitable!
Our Fix and Flip Loans are structured to help investors purchase distressed properties fast, provide funding for repairs and improvements, and then flip them for maximum profit.
In addition to our loan options, you get access to the expert team at King James Lending.
We can help you develop a plan of action to eliminate errors, increase returns, accelerate your income, and grow your investments.
As real estate investors ourselves, we know what you want and need to succeed.
Our mission is to help you get there!
Fix and Flip Loans are a type of Hard Money Loan used by real estate investors to purchase investment properties, fund repairs and renovations. The goal is to get through the renovation quickly, and then sell for a profit.
This type of loan allows investors to close on a property fast, without jumping all of the hurdles presented by traditional lending. These short-term loans are not usually offered by traditional lenders, but instead, are available through private lenders.
Private Lenders, like King James Lending in Houston, Texas, are funded directly by private individuals. Therefore, private lenders are able to approve and fund loans with much more flexibility and speed.
Loans are based on the value of a property, not the borrower’s creditworthiness or income. This asset-based lending model uses the estimated “After Repair Value” of a property to determine the amount of the loan and terms.
Below are some of the most common situations and use-cases for Fix and Flip Loans for Real Estate Investors around our Houston, Texas – Seabrook, Texas area.
Hard money loans for real estate rehab allow investors to quickly purchase distressed properties, finance the repairs, and get the property back on the market much faster than any other type of real estate loan or mortgage.
Private Money Lenders typically fund fix and flips projects. They may also provide funds for repairing and reselling commercial or multi-family properties.
These funds are used to secure damaged or distressed real estate properties, finance necessary renovations, and quickly resell them for a profit. Therefore, this type of real estate financing is also commonly referred to as house-flipping or fix-and-flip loans.
If you’re looking for handyman special financing, then chances are you’re in the market for a hard money loan with loan terms built on the After Repair Value (ARV). ARV represents the estimated or appraised value of a distressed property after the proposed repairs are complete.
Private money lenders typically lend 65-75% of the calculated ARV. The term, after repair value loans, is simply another way of saying hard money loans for distressed real estate which are based on the after repairs value.
Fix and flip, handyman special loans are typically short-term, asset-based loans. Most often secured for distressed or damaged real estate properties. They are typically issued by private investors or companies, are interest-only, and are not regulated like conventional mortgages, bank lenders, or credit unions.
Another way the smart real estate investor can leverage fix and flip loans is the speed of funding.
The fact that these loans can close in as little as 2-7 days can mean that your offer to purchase may be the only solution that is able to close in time (such as when a foreclosure is pending). The speed of a fix and flip loan often helps negotiate better terms or a lower sales price.
These factors often allow the savvy property investor the ability to buy and flip a property at a much lower price, generating a considerable ROI (return on investment) in a very short amount of time.
This scenario provides a fast investment to repair a distressed property that you already own. As is the case with the other types of hard money loans, speed is of the essence.
A fix and flip loan provides fast and easy access to a wide range of resources and the cash needed to get the property repaired and back on the market at a much higher price than current value.