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Build Your Business with Fix and Flip

January 31, 2024

The 2024 spring homebuying season is about to begin, and the nationwide shortage of homes continues to loom large.

That’s making for a challenging market for homebuyers, but it presents an opportunity for property investors – and especially for fix-and-flip borrowers.

During the third quarter of 2023, investors flipped more than 72,000 houses and condos, according to ATTOM Data Solutions. Their average profit was $70,000.

Investors are still closing deals despite all the talk about a housing recession and an affordability squeeze. These investors need capital to finance, as well as a partner by their side during a risky transaction.

What are Fix & Flip Loans?

Enter LendSure’s Fix & Flip Home Financing Program. These loans are designed for investors looking to leverage the purchase and renovation of a property. LendSure’s investor Fix & Flip solutions are short-term loans aimed at entrepreneurs who intend to exit with the sale of the property or to refinance into a long-term rental DSCR loan.

With competitive rates and a focus on quick funding, LendSure empowers investors to swiftly execute their fix and flip strategies, ensuring a seamless transition from acquisition to exit. Whether aiming for a purchase and construction or a strategic refinance and construction, LendSure’s investor Fix & Flip solutions cater to the dynamic needs of your clients.

Why Offer Fix & Flip Loans

Adding Fix & Flip lending to your product line can help you bring in new business, build a niche, and diversify your client base. A tried-and-true advantage of Fix & Flip lending is that if you make a client happy, you’re all but guaranteed a steady stream of referrals and repeat business. Compared to the typical homebuyer who purchases every 7 to 10 years, home flippers are likely to come back for their next deal.

Home flippers are searching for smart solutions for their unique needs. LendSure’s Fix & Flip program can offer up to 85% of the purchase price and up to 100% of the construction cost on some loans. The total loan amount is up to 85% of the total cost.

Here’s a common scenario: Say an investor pays $400,000 for a property and expects to spend $150,000 on renovations. LendSure could loan up to 85% of the acquisition costs, and up to 100% of the construction costs. Check out this video for more information!

LendSure strives to deliver answers on Fix & Flip applications within hours, not days. Offering competitive interest rates all while working with those who have credit scores as low as 660. While we primarily serve single-family and multifamily properties, LendSure also considers mixed-use properties, on a case-by-case basis.

Loan officers and investors want to work with a trusted lending partner. LendSure fits the bill – we take a personalized, tailored approach that’s geared to meeting your needs.

The LendSure Way

It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers ratios, and data to consider, but we know that behind every file, there’s an individual with a unique circumstance seeking a loan. We work hard to offer our common-sense take on lending to borrowers seeking funding for the home of their dreams, another addition to their investment property portfolio, or refinancing of a currently-owned property.

Are you ready to benefit from a commonsense approach to lending? Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line.

Contact Us: (888) 707-7811