Is a Fix & Flip Loan the Right Choice for You?
Fix and Flip loans are short-term (12-15 months) financing solutions tailored for investors to quickly acquire distressed properties, renovate them, and sell for a profit. This loan is ideal for investors looking to purchase and resell properties quickly while minimizing upfront capital and leveraging available credit. Some Advantages of working with Sims Ventures are:
- Roll points into closing cost
- No payments until the loan repays
- Origination points and fees financed into loan
- Competitive Rates
Fix & Flip Loan Qualifications
- No minimum transaction experience required
- Minimum property value of $150,000
- Minimum credit score of 620
- 12 and 15 month terms
- Soft credit pulls
- Competitive Rates
- True deferred payments — no payments until repayment
- Up to 85% loan-to-after repair value
- 100% renovation budget
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Submit Your Deal
Once you complete this pre-application form, we’ll reach out to begin your project venture.
Form requirements are as follows:
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