Below are options for matured fix and flip loans with the basic parameters for FBC Funding to finance matured fix and fix loans.

Mature Fix and Flip Loans

Matured Fix and Flip Loans Options

Refinance Matured Fix and Flip Loans:

FBC Funding can refinance matured fix and flip loans up to 80% of the as is value offering 100% of rehab up to 75% of the after rehab value. This program also allows for closing costs and mortgage payments to be rolled into the loan so the investor can focus on completing their project. The program also allows for advanced draws for the more experienced investors with rates as low as 10% and credit scores as low as 620. The terms of the loan are based on experience, credit and property location.  Apply Now

Bridge Matured Fix and Flip Loans:

For real estate investor who have substantially completed the renovations on their properties with matured fix and flip loan FBC Funding offers Bridge loan financing up to 80% of the as is value for rate and term refinances and up to 65% for cash out. Bridge loans are short term financing with no prepayment penalty. This is especially helpful for real estate investors who are looking to sell their investment property and the current lender will not extend the matured fix and flip loan.  These bridge loans will allow for closing costs and payments to be rolled into the loans as well.  Apply Now

DSCR Rental Matured Fix and Flip Loans

Similar to the bridge loans DSCR Rental Loans are for real estate investors who have substantially completed the renovations on their investment properties with a matured fix and flip loan but want long term financing.  FBC Funding will offer up to 80% financing for return of their investment or 75% cash out. Our DSCR Long term rental loans have many options.  Apply Now

Matured Construction Loan Financing

New Construction Financing

Even if you loan is a new construction loan that has matured versus a Matured Fix and Flip Loan we can a construction loan refinance, fix and flip refinance, bridge refinance or a rental loan refinance just like the matured fix and flip loan. So as a real estate investor whose loan has matured FBC Funding is unique, because most lenders will not offer any options to refinance the matured loans.  Apply Now

For more information call 888-848-3114

click here to schedule an appointment to discuss options

email info@fbcfunding.com

or Apply Now

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WHY NMLS Licensed MLO Originators Should Partner with FBC Funding

Most NMLS Licensed MLO Originators do not offer Residential and Multifamily DSCR Rental Loans for Investors, Residential and Multifamily Rehab Loans for Investors (Hard Money Loans),  Residential or Multifamily Ground Up / New Construction loans, or Multifamily and Mixed Use Bridge or  Long Term loans for Commercial Properties. Because these are all business purpose loans, there is not a conflict of interest and most NMLS licensed lenders do not offer these products. Therefore, NMLS licensed MLO originators can better serve their investor clients with an expanded product line and make additional money doing so.

How NMLS Licensed MLO Originators could Partner with FBC Funding

There are three ways a NMLS Licensed MLO Originators can partner with FBC Funding. They can be FBC Funding Referral Agents, FBC Funding Loan Officers, or FBC Funding Approved Loan Brokers.

• FBC Funding Referral Agent: A FBC Funding Referral Agent will simply refer a borrower to FBC Funding by providing their name, phone number and email address plus a short description of what the borrower wants to do. At that point an FBC Funding Loan Officer will call the borrower and confirm what they want to do. Then the Loan Officer will originate the loan. Once the loan closes the FBC Funding Referral Agent will receive 25 basis points just for referring a borrower. The FBC Funding Referral Agent is also eligible for monthly volume bonuses of up to an additional .25 basis points.
• FBC Funding Loan Officer: A FBC Funding Loan Officer will Originate the loan. They will prospect, build referral relationships, and maybe get leads to originate. The FBC Funding Loan Officer will prequalify the borrower, present and sell the best product for the client, help them complete the application, collect the required initial loan documents, and make sure the borrower pays for the appraisal. At that point processing takes over. The loan officer is paid from 40% commission to 60% commission depending monthly volume and experience level.
• FBC Funding Approved Broker: The FBC Funding Approved Broker does everything the Loan Officer does but is paid by the borrower by providing a signed broker agreement to charge the borrower up to 2 points Broker fee. The Approved broker will be paid directly on the HUD from the title company.

Whichever way the NMLS Licensed MLO Originator chooses to Partner with FBC Funding, they greatly improve their product offerings for their residential and commercial real estate investors and make substantially more money by doing so. For more information on programs and products offered by FBC Funding, go to our website at rehablender.net You can also click here to schedule a call with FBC Funding. Or call 888-848-3114 and ask for Louis.

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New Construction Financing

New Construction Financing for Real Estate Investors

 Whether you prefer fix and flip, buy and hold or BRRRR as an investment strategy you will find great returns in adding the new construction to achieve your investment goals. Investing in New Construction it is generally easier to have greater profit margin that in many fix and flip projects plus all things equal new construction is more desirable to many end buyers and consequently new construction homes sell faster. You can even presale your properties and therefore the buyer shares in your cost of construction.

New Construction Flip

New term old concept. Builders buy lots, build a house and sell it. Rehabbers buy a house rehab it and sell it. The difference is Ground up Construction projects will generally allow you to make more money. The out of pocket costs may be slightly higher, but the profit is greater and if you presale the home the end buyer may share in your costs to build the property.

 New Construction Hold

Like buy and hold you can build long term cash flow buy building (pun intended) a portfolio of cash flowing properties that you will own and manage. With Ground up Construction the big advantage is you control the quality of your portfolio offering greater life expectancy with minimum annoying repairs as you build your homes. Of course new construction properties are generally more desirable, easier to rent and attracts a more qualified tenant. Even if you choose short term rentals or senior housing, when you build you have more flexibility to configure the homes to meet your long term goals.

New Construction BRRRR

For Rehabbers BRRRR represents Buy the property, Rehab the property, Rent the property, Refinance the property getting cash out, Repeat. For Ground up Construction Builders BRRRR represents Buy (the lot), R= Build the home, Rent the property, Refinance the property getting cash out, Repeat. The ultimate goal is that the cost to buy and rehab or buy and build will be less than 70% of the completed values, thus allowing you to refinance cash out at 75% and getting most or all of the money you invested back to do the next project. This is also called Build and Hold.

New Construction or Rehab

Whether a Real Estate Investor chooses to build a home or rehab a home is a matter of the market they are in, their personal preference and liquidity. As it is slightly more money out of pocket for a new construction project but the benefits are much greater.

In either case new construction is a great option for rehabbers who choose to build in addition to rehab properties. FBC funding has many financing options for real estate investors.

For rehabbers FBC Funding offers rehab funding options including full documentation 100% financing options, lite documentation up to 90% loan to value options and up to 85% low doc LTC options where we can even roll in the payments into your loan.

For builders FBC Funding offers new construction financing programs including; 100% vertical financing options, up to 95% of vertical financing and 70% of land acquisition or 85% loan to cost options.

For Experienced Builders and Rehabbers FBC Funding offers new construction financing and rehab financing exposure credit lines to do multiple projects simultaneously.

These options are for 1 to 4 unit properties but we also offer renovation and construction financing options for multifamily and mixed use properties.

For more information contact FBC Funding by phone at 888-848-3114, by email at louisj@fbcfunding.com or click here to schedule a loan consultation.

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