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Ruby Reds Home Loans

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Fix And Flip

Do you need a short-term loan so you can fix and flip a house? Our fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quicky as possible. Typically, a 1-year term with no pre-payment penalty, it enables investors like you to maximize returns on quick flips. If you have a larger rehab project that is going to take longer than one year, do not worry we also offer a 2 Year fix and flip options as well.

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1 YEAR

UP TO 80% LTV AND 85% LTC

NO PREPAYMENT PENALTY:

This is a great program for investors that fix and flip properties quickly.

2 YEAR

UP TO 80% LTV AND 85% LTC

THE 2 YEAR PROGRAM HAS AN 8 MONTH PREPAYMENT PENALTY

If you have a larger fix and flip project that you know will take longer than 1 year. Avoid the stress of securing a refinance in the middle of your project, use our 2-year fix and flip loan. We offer and finance on BOTH acquisition and renovation costs on 2-year fix and flip loans just as we do on our 1-year loans.

The more real estate investment experience you have, the less out of pocket costs there will be. Simply bring your down payment to closing, use your funds to complete the first state of renovation, and as the project progresses and we will reimburse you for the work completed. It's that easy.

 

WHAT MAKES THIS A GREAT PROGRAM?

  • Close fast to compete with cash buyers
  • Purchase and Refinance Loans up to 80% loan to as-is value
  • Finance renovation and construction costs (CLTV not to exceed 75% of ARV)
  • Stated Income
  • Interest rates based on recent investment experience and credit
  • Interest Only Payments