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	<title>FBC Funding &#187; hard money lender</title>
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		<title>5-10 Day Fix &amp; Flip Loan Closing</title>
		<link>https://www.rehablender.net/5-10-day-fix-flip-loan-closing/</link>
		<comments>https://www.rehablender.net/5-10-day-fix-flip-loan-closing/#comments</comments>
		<pubDate>Sat, 07 Feb 2026 12:38:02 +0000</pubDate>
		<dc:creator><![CDATA[financingbroker@gmail.com]]></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money lender]]></category>

		<guid isPermaLink="false">https://www.rehablender.net/?p=6472</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2026/02/Real-estate-investment-made-simple.png"><img class="alignnone size-medium wp-image-6473" src="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2026/02/Real-estate-investment-made-simple-300x200.png" alt="Real estate investment made simple" width="300" height="200" /></a></p>
<hr />
<h3>Borrower Preparation: The Linchpin to 5–10 Day Fix &amp; Flip Loan Closing</h3>
<p>In a fix-and-flip transaction, speed is rarely accidental. Loans that close in five to ten business days do so because the borrower arrives prepared, not because the lender owns a magical stopwatch. While lenders advertise fast closings (many programs do close faster), the true determinant is borrower readiness—specifically, whether all critical documentation is organized, accurate, and immediately available.</p>
<p>5–10 Day Fix &amp; Flip Loan Closing are not about rushing underwriting; they are about <strong>eliminating friction</strong>. Each missing document creates an email, a pause, and a delay. Prepared borrowers remove those bottlenecks before the file ever hits underwriting.</p>
<p>Below are the <strong>core preparation items</strong> that consistently separate 5–10 Day Fix &amp; Flip Loan Closing from “we’re almost there” closings.</p>
<hr />
<h3>The Non-Negotiable Borrower Preparation Checklist</h3>
<ol>
<li><strong>Complete Loan Application &amp; Executed Purchase Contract</strong><br />
A fully completed application paired with a signed purchase agreement allows the lender to initiate underwriting immediately. Partial applications slow momentum before it even starts.</li>
<li><strong>Entity Documents</strong><br />
Most investment properties are purchased in an LLC or corporation, lenders will require articles of organization, operating agreements, and the IRS letter with the business EIN number. Having these ready avoids last-minute scrambles that tend to occur 48 hours before closing—when stress is already doing pushups.</li>
<li><strong>Government-Issued Identification (ID)</strong><br />
Valid photo ID for all borrowing principals is essential for compliance, title, and closing coordination. Simple? Yes. Frequently forgotten? Also yes.</li>
<li><strong>Detailed Scope of Work &amp; Rehab Budget</strong><br />
A line-item scope with realistic costs allows the lender to validate renovation feasibility prior to closing and release draws efficiently once the loan is in effect. Vague rehab budgets invite questions which delay closings; detailed rehab budgets invite quick approvals.</li>
<li><strong>After-Repair Value (ARV) Supported by Comparable Sales</strong><br />
Fix-and-flip loans are underwritten on ARV. Providing solid comparable sales upfront reduces appraisal disputes and shortens valuation review timelines. Confirm your comparable sales are: in close proximity to the property (a half of a mile in the city and two to three miles in the suburbs); of similar size, bedroom count and bathroom count; and have recently closed ( preferably in the last 6 to 12 months).</li>
<li><strong>Liquidity Documents</strong><br />
Recent bank statements demonstrating available funds for down payment, closing costs, and reserves are critical. Liquidity reassures lenders that surprises will be handled calmly, not creatively.</li>
<li><strong>Experience Track Record</strong><br />
A brief summary of prior flips—addresses, outcomes, and timelines—helps lenders assess execution risk. Experience doesn’t need to be flashy; it just needs to be documented. Most lenders provide a schedule to be completed, if you have one prepared it saves time.</li>
<li><strong>Clear Exit Strategy</strong><br />
Whether resale or refinance, lenders want to see a defined repayment path. A clear exit equals faster credit approval and fewer follow-up questions.</li>
</ol>
<hr />
<h3>Why This Preparation Pays Off</h3>
<p>Prepared borrowers close faster, negotiate from strength, and win deals others cannot. Sellers favor certainty. Lenders reward clarity. And underwriters—quietly but sincerely—appreciate files that don’t require detective work.</p>
<p>In fix-and-flip financing, speed is not a promise; it is a byproduct. When borrowers arrive organized, transparent, and ready, five-to-ten-day closings stop being aspirational and start becoming routine.</p>
<p>Preparation, it turns out, is the fastest form of financing.</p>
<p>As a hard money lender offering multiple program options for real estate investors seeking 5 to 10 day fix &amp; flip closings (even with little or no money down) FBC Funding has been helping investors since 2010.</p>
<p>For more information on how you next deal can be a 5-10 day fix &amp; flip loan closing:</p>
<p>Call 888-848-3114</p>
<p>Email Funding@fbcfunding.com</p>
<p><a title="5 - 10 Day Fix &amp; Flip Loan Closing Consultation" href="https://updates.nextgenerationconsulting.net/widget/booking/Kh3c3qpWN1LbVhdF44Qh" target="_blank"><strong>Click Here to schedule a free 5-10 day fix &amp; flip loan closing consultation.</strong></a></p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/5-10-day-fix-flip-loan-closing/">5-10 Day Fix &#038; Flip Loan Closing</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>Your Hard Money Lending Career</title>
		<link>https://www.rehablender.net/your-hard-money-lending-career/</link>
		<comments>https://www.rehablender.net/your-hard-money-lending-career/#comments</comments>
		<pubDate>Fri, 28 Nov 2025 19:35:28 +0000</pubDate>
		<dc:creator><![CDATA[financingbroker@gmail.com]]></dc:creator>
				<category><![CDATA[Partners]]></category>
		<category><![CDATA[training]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[hard money lending]]></category>

		<guid isPermaLink="false">https://www.rehablender.net/?p=6453</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2016/01/deptConsolidator.jpg"><img class="alignnone size-full wp-image-317" src="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2016/01/deptConsolidator.jpg" alt="Hard Money Lender" width="250" height="250" /></a></p>
<h2 style="text-align: center;">Hard Money Lending Career: Your Next Big Move</h2>
<p>The world of real estate investing can be unpredictable. Homes sit on the market, properties go stale, flippers scramble for capital. But for those who thrive on fast deals, quick turnarounds, and helping investors close — a hard money lending career offers something unique: momentum, earnings potential, and real, tangible impact.</p>
<p>That’s exactly what a growing firm like FBC Funding delivers — and why their “Mortgage Careers” page is calling for go-getters to step in as Affiliate Managers, Sales Managers, or Commercial Mortgage Originators.</p>
<h3>Why Hard Money  Lending  Career Makes For a Great Career</h3>
<ul>
<li><strong>Speed &amp; flexibility</strong>: Unlike traditional banks bogged down by red tape, hard-money lenders often close loans in days — perfect for fix-and-flip, rehab, or DSCR rental deals. Joining this space means being part of fast-moving capital that makes real estate investing happen.</li>
<li><strong>Wide variety of programs</strong>: From fix-and-flip rehab loans to DSCR rental loans, bridge financing, and commercial real estate lending —  FBC Funding offers a suite of loan products, giving originators and sales professionals many angles to serve investors.</li>
<li><strong>Independence &amp; scalability</strong>: Positions like Commercial Mortgage Originator as a Hard Money Lending Career are often structured as independent-contractor / work-from-home roles. That means you’re in control of your pipeline, schedule, and potential earnings — ideal for entrepreneurial spirits.</li>
<li><strong>Serving a real need</strong>: Many real-estate investors rely on hard-money lenders to make their rehab or rental projects possible — sometimes under tight deadlines. Being a bridge between capital and opportunity means you’re enabling people to build wealth; it’s more than just paperwork.</li>
</ul>
<h3>Roles on the Table</h3>
<p>FBC Funding’s Open Positions:</p>
<ul>
<li><strong>Affiliate Manager</strong> — Focused on building referral relationships,  cultivating a network of real-estate agents, contractors, investors, and partners who refer deals.</li>
<li><strong>Sales Manager</strong> — leading deal flow, managing loan submissions, client communications, recruiting and mentoring originators.</li>
<li><strong>Commercial Mortgage Originator</strong> — an originator sources deals from investors (owners, rehabbers, builders, landlords), helps them prequalify, submits loan packages, and follows through to closing. Because loans range from fix-and-flip to larger commercial or rental-property deals, the originator gains exposure to a variety of real-estate transaction types.</li>
</ul>
<h3>What It Takes — And What You Gain</h3>
<p><strong>You’ll need:</strong></p>
<ul>
<li>A good sense for real-estate economics — know what makes a deal “work”: acquisition price, rehab/repair costs, after-repair value (ARV), potential rents, exit strategy, etc.</li>
<li>Sales and networking chops — many deals start with a tip-off: an investor, a rehabber, a builder, a landlord looking for capital.</li>
<li>Flexibility &amp; grit — in hard-money land, speed matters, paperwork needs to be precise, and every deal is different.</li>
<li>Self-motivation — especially if working as an independent contractor and remote originator.</li>
</ul>
<p><strong>You’ll get:</strong></p>
<ul>
<li>A chance to be part of the fix-and-flip / rental / builder ecosystem — connecting investors with capital they need to execute deals, rehab or build properties, create rentals, and build rental portfolios.</li>
<li>Access to a variety of loan programs — fix-and-flip, DSCR rental, bridge loans, ground-up construction, commercial loans — so you can match deals to the right capital structure.</li>
<li>Earning potential tied to performance — the more deals you bring in and close, the more you can earn.</li>
<li>Flexibility: many positions allow remote work, independent schedules, and control over your deal flow.</li>
</ul>
<h3>Who Should Apply — and What’s the Ideal Background</h3>
<p>This path isn’t for everyone. But if you’re:</p>
<ul>
<li>Comfortable evaluating real-estate deals (or willing to learn fast),</li>
<li>Motivated to hunt down investors or partners who need capital,</li>
<li>Good at building relationships and staying organized,</li>
<li>Motivated by commissions and results rather than a fixed 9–5 income,</li>
</ul>
<p>Then you might thrive. Especially those with prior experience in real estate investing, rehab/flip knowledge, real-estate sales/broker background, lending exposure — or a network of active investors, contractors, agents, or landlords.</p>
<p>If you already have a pulse on market dynamics — call it an investor’s instincts — you’ll likely hit the ground running.</p>
<h3>Final Thoughts</h3>
<p>A career on the “origination” side of hard-money lending gives you a front-row seat to real estate deals — without having to own or rehab properties yourself. It lets you build a business around facilitating deals, bringing capital to investors, and generating income through performance and hustle.</p>
<p>If you’re the kind of person who gets energized by spreadsheets, deal pipelines, rehab budgets, and closing-day success stories — and you don’t mind a little hustle — a Hard Money Lending Career path with a hard-money lender like FBC Funding could be a smart and rewarding move.</p>
<p>&nbsp;</p>
<p>For more information, send a cover letter to louisj@fbcfunding.com</p>
<hr />
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/your-hard-money-lending-career/">Your Hard Money Lending Career</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>Fix and Flip with No Monthly Payments</title>
		<link>https://www.rehablender.net/fix-and-flip-with-no-monthly-payments/</link>
		<comments>https://www.rehablender.net/fix-and-flip-with-no-monthly-payments/#comments</comments>
		<pubDate>Mon, 11 Dec 2017 14:33:57 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[Fix and Flip financing]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[purchase rehab]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=2467</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<div id="attachment_2059" style="width: 310px" class="wp-caption aligncenter"><a href="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2017/06/Fix-and-Flip-Lender.png"><img class="size-medium wp-image-2059" src="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2017/06/Fix-and-Flip-Lender-300x201.png" alt="100% Fix &amp; Flip Funding" width="300" height="201" /></a><p class="wp-caption-text">Fix and Flip with no monthly payments</p></div>
<h2>Fix and Flip with No Monthly Payments</h2>
<p><span style="font-size: 14pt;">No Monthly Payments? New Fix and Flip purchase rehab program with no monthly payments!!! Loan payments can be rolled into the loan for 12 months plus up to 90% of the purchase price with 100% of the rehab costs.  Most Hard Money Lenders look at the collateral (the property), the borrowers experience, the borrowers credit (credit score and credit profile) and the borrowers assets to determine qualifications. Some Hard Money lenders are even reviewing income and tax returns. This program uses computer analysis software that focuses on the collateral, the borrowers experience and the borrowers credit. Based on the analysis we are able to offer No Monthly Payments during the term of the loan with as little as 10% down of the purchase price. We can also advance the first draw at closing.</span></p>
<h2>Fix and Flip with No Payments &#8211; Benefits</h2>
<p>These are the benefits of this purchase rehab program.</p>
<p><strong>Term: </strong>12 months depending on how extensive the renovations needed.</p>
<p><strong>No Payments: </strong>For loan to value up to 70% of the after rehab value payments can be rolled into the loan so no payments are made during the term of the loan.</p>
<p><strong>Rates: </strong>Rates are from 10% to 12%. Rates are based on a combination of LTV, LTC, Borrowers experience and borrowers credit score. A borrower with extensive experience (especially recent) purchasing a property a loan to after renovation value and requires a low loan amount as compared to the total cost of the project will get the lowest rate. Rates can be as high as 12% for the riskiest projects. But even at 12% those projects would have a hard time finding the benefits of this program from another lender.</p>
<p><strong>First Time Investors Accepted: </strong>Experience is a key metric in the loan qualification but we will approve first time investors as well.</p>
<p><strong>No Income Verification: </strong>No income questions. No income taxes. No income verification.</p>
<p><strong>No Asset Verification: </strong>No Asset questions. No bank statements. No asset verification.</p>
<p>&nbsp;</p>
<p><strong>Quick Close: </strong>Most loans can close in three weeks, depending on title and appraisal. The valuation is usually complete in 1 week. As long a there are no title issues the average loan is cleared to close in 14 days or less.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/fix-and-flip-with-no-monthly-payments/">Fix and Flip with No Monthly Payments</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>10 Percent Down Rehab Loan</title>
		<link>https://www.rehablender.net/10-percent-down-rehab-loan/</link>
		<comments>https://www.rehablender.net/10-percent-down-rehab-loan/#comments</comments>
		<pubDate>Mon, 26 Dec 2016 13:08:03 +0000</pubDate>
		<dc:creator><![CDATA[affiliates@fbcfunding.com]]></dc:creator>
				<category><![CDATA[blog]]></category>
		<category><![CDATA[Fix and Flip financing]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[purchase rehab]]></category>
		<category><![CDATA[purchase rehab financing]]></category>
		<category><![CDATA[real estate investor]]></category>
		<category><![CDATA[real estate investors]]></category>
		<category><![CDATA[rehab loan]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=1333</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p><span style="font-size: 18pt;"><strong>10 Percent Down Rehab Loan</strong></span></p>
<p><a href="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2016/05/housePic.jpg"><img class=" size-medium wp-image-1058 aligncenter" src="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2016/05/housePic-300x145.jpg" alt="rehab loan" width="300" height="145" /></a></p>
<p>We offer many low down payment hard money rehab loan programs with as little as 10% of the purchase price as a down payment and 100% of rehab costs covered. Many Real Estate Investors prefer rehab loan financing programs with low down payments. This allows them to qualify without having to invest large sums of money whether they have it or not. We offer are many programs available with down payment as low as 10% of the purchase price. The problem for lenders is a low down payment rehab loan is a much higher risk. That is why in order to reduce that risk private lenders have underwriting guidelines that are more restrictive when compared with programs requiring a larger cash investment.</p>
<p>The 10 percent down rehab loan program allows experienced investors to qualify for as little as 10% down payment of the purchase price. The loan will fund 90% of the purchase price and up to 100% of the rehab costs. The funding of the rehab costs is limited. The total loan can not exceed 75% of the after rehab value. If the after rehab value is $200,000 then the maximum the loan could be is $150,000 (75% of $200,000 is $150,000).  If the purchase price is $100,000 the down payment is $10,000 (10% of $100,000 is $10,000). Then the maximum available for rehab is $60,000 ($150,000 maximum loan minus $90,000 for the purchase equal $60,000 available for rehab). Even first time real estate investors may qualify for the 10 percent down rehab loan if the have very good credit.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><span style="font-size: 18pt;"><strong>10 Percent Down Rehab Loan Benefits</strong></span></p>
<p>The other guidelines beyond the down payment that are excellent  benefits of the 10 down rehab loan are as follows:</p>
<ul style="list-style-type: disc;">
<li>Minimum Credit Score &#8211; 640 for 90% if you have completed 5 flips in the last 3 years,  700 if you have only completed 2 flips in the last 2 years, 720 if you have completed no flips in the last 2 years.</li>
<li>Maximum Rehab &#8211; 100% up to 75% of the after repaired value with less than 5First time investors have a must have 15%to 20% of the purchase price for down payment unless their credit score is 720+ flips completed in the last 3 years. Otherwise, the maximum the maximum loan will be 70% of the ARV and rehab will be funded at 100% to the 70% of ARV.</li>
<li>Reserves Requirement &#8211; three to six months of the monthly interest only payment.</li>
<li>Loan must close in entity name</li>
<li>Deferred Payments option available at 5 plus completed projects</li>
</ul>
<p>The terms of this 10 percent down rehab loan include being: a twelve month interest only loan with no pre payment penalty (loan term up to 24 months available). Rates are from 10.% to 12.5% depending on loan to value, credit and the experience of the investor. Points are 2% to 4.5% depending on loan size. Minimum loan is $100,000 and the maximum loan is $2,000,000. Loans over $1,000,000 may require a larger down payment on the purchase price and up to 100% of rehab depending on experience.</p>
<p>Whether you are a seasoned investor or a first time investor, the 10 percent down rehab loan could be the best program for you as a real estate investor. When you compare the down payment, rate and points this may be better than the 100% financing or even a higher down payment program with lower rates or fees.</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/10-percent-down-rehab-loan/">10 Percent Down Rehab Loan</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>What is The Best Hard Money Loan</title>
		<link>https://www.rehablender.net/the-best-hard-money-loan/</link>
		<comments>https://www.rehablender.net/the-best-hard-money-loan/#comments</comments>
		<pubDate>Wed, 07 Sep 2016 08:31:56 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[Fix and Flip financing]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[no money down]]></category>
		<category><![CDATA[purchase rehab]]></category>
		<category><![CDATA[real estate investing]]></category>
		<category><![CDATA[real estate investors]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=1180</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p><strong><span style="font-size: 14pt;">Hard Money Programs</span></strong></p>
<p>Hard Money. There are many types of hard money or fix and flip financing programs available today. The question many investors are asking is, what is the best option for me. This answer really depends on your circumstances because there is no one best option for every investor. That is  one major advantage of working with a hard money mortgage broker who will properly represent your interest and not just sell the program they have.  Most Real Estate Investors want to put no money down for the purchase and get 100% financing of the rehab as well. They also want the lowest interest rate and lowest points and fees. Unfortunately, you can not have both the best terms and no investment. So here are important factors to consider when determining the best  hard money loan purchase rehab program for your situation. Consider these points:</p>
<ul>
<li>How much money do you have for the down payment</li>
<li>How much money do you have for renovation</li>
<li>How much experience do you have as a fix and flip real estate investor</li>
<li>Are you working on other projects now</li>
<li>What is the return on this investment</li>
<li>Are their additional potential projects you can do before this one is complete</li>
<li>Do you meet lender guidelines</li>
</ul>
<p><strong><span style="font-size: 14pt;">No Money Down Financing</span></strong></p>
<p>On the surface this should be the best option always because you are not investing any money for the purchase or rehab of the property. In reality the Hard Money Lender is taking all of the risk while you earn the majority of the profit. For the increased risk the rates and fees are higher. Therefore if you have options the added costs of 100% financing may not be to your benefit. You must weigh the options. Obviously, if you do not have the funds for down payment and renovation or you are working on other projects now, the 100% financing may be your only option. You must realize the Hard Money Lender will either take an equity position or charge higher points and fees. Typical hard money terms are  about 20% to 30% down payment (or more), 10% to 12% interest rate and 3 to 4 points. You may get a lower down payment with similar terms if you have very good credit and substantial experience as a fix and flip real estate investor. In contrast for no money down option you would pay 16% to 18% interest and 8 to 10 points, plus you have a shorter term to complete the project generally 3 to 6 months. These higher rates and fees generally equate to a cheaper equity partner. Most equity partners who put up all the money get at least 50% of the profit.</p>
<p><span style="font-size: 14pt;"><strong>How to Qualify for 100% Financing Hard Money Loan</strong></span></p>
<p>Most Hard Money Lenders that offer the 100% financing option look at two major qualification requirements. The first is the property. What is the purchase price, the as is value, the cost of rehab and the after rehab value. If they can realize an after rehab value of no more than 60% to 70% of their total investment of the purchase price and rehab costs (some lenders even cover closing costs if the ARV LTV is good) and their profit is sufficient then the most important criteria is met. Secondly, the HML considers the experience of the investor. How many projects have they completed in the last year or two. Many require three to four recent projects before they would consider a fix and flip investor experienced.</p>
<p>Finally choose the no money down hard money loan if you have no choice or if you are working on other projects and just do not want to deploy your funds. There are investors who only use OPM (other peoples money) and their philosophy is to do as many deals as possible without using their own money. You can make an informed choice.</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/the-best-hard-money-loan/">What is The Best Hard Money Loan</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>Fix and Flip 100% Financing Disadvantages</title>
		<link>https://www.rehablender.net/fix-and-flip-100-financing-disadvantages/</link>
		<comments>https://www.rehablender.net/fix-and-flip-100-financing-disadvantages/#comments</comments>
		<pubDate>Tue, 23 Aug 2016 03:50:02 +0000</pubDate>
		<dc:creator><![CDATA[affiliates@fbcfunding.com]]></dc:creator>
				<category><![CDATA[Fix and Flip financing]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[no money down]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=1159</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p><strong>The Disadvantages of 100% Financing Fix and Flip Deals</strong></p>
<p>There are no money down financing options available. I am a mortgage broker who specializes in real estate financing for investors. I even offer Hard Money. I get calls nearly everyday from people who want to put no money down to purchase and rehab properties. They have been taught or they just believe it is a good idea to invest with no money and let the lender take all the risk. Yep, if you invest no money you have nothing to lose. The lender takes all the risk. Really that is what it is all about. Invest no money and get a great profit for doing so by purchasing, renovating and selling distressed properties.</p>
<p><strong>WHY NOT</strong></p>
<p>The lender takes all the risks.</p>
<p>You make all of the profit.</p>
<p>This sounds very good.</p>
<p>Unfortunately, it is not really the best option for some people. In reality no option is the best option for everyone.</p>
<p>Some would say if you have cash to buy and rehab the property then sell it with no financing at all that is the best option.</p>
<p>Really it is not. For instance, if you had $100,000 and it took all $100,000 to complete a fix and flip then sell it for $150,000 making a gross profit of $50,000 with no financing costs you did a great thing. You did.</p>
<p>But, a better solution is to use $30,000 for down payment and do 3 deals. If the financing costs was $10,000 per deal you would still net $40,000 per deal for a total of $120,000 profit. Which would you prefer &#8211; $50,000 profit or $120,000 profit</p>
<p>The same is true for 100% financing. Assume you had a lender give you 100% of the money needed say the same $100,000 and assume 18% interest and 10 points and standard closing fees (real numbers) you would pay over $20,000 and net only $30,000. Is that a good deal. Maybe, Maybe not. It depends on your options. Simply put if you have money for down payment you would make $40,000 per deal versus $30,000 per deal.</p>
<p>So really, all three options have their advantages and their disadvantages.</p>
<p>Option One: invest all cash for purchase rehab and yield the greatest profit per deal.</p>
<p>Option Two: invest 30% (more or less) yield less per transaction but have money to do more deals yielding a greater total profit because with the same amount of money in Option One you can do 3 similar size deals.</p>
<p>Option Three: invest no money  yield the least dollar amount return but the greatest rate of return. Because rate and fees are highest with no investment then your net profit is the lowest.  Because you invested nothing your return on investment is highest.</p>
<p>Which is the best option for you? Lets assume in a one year time period in option one your return is 150%, option two it is 133% ($90,000 invested for $120,000 profit) and unlimited return in option three because you invested nothing.</p>
<p>If option one or option two are not options you have due to lack of funds and you are forced to choose option three yet it is the greatest return on your investment even though it is the least return.</p>
<p><strong>No Money Down</strong></p>
<p>This is the least return but the greatest per cent return. So if you have no option and you just hate the thought of paying such high fees. Do one deal. Make some money to put down on the next deal so you would make more money. Or just relish in the fact the lender is taking all the risks by investing in you since your are not investing any money. Make less money but the greatest return on investment, because you have no financial investment. Some people only do deals like this and they make lots of money using other peoples money. Finally, consider the Hard Money Lender your cash partner. If you had a partner who put up all the money what per cent would you share with them.</p>
<p>The choice is yours. The object is to fix and flip some properties and make great money and an awesome living.</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/fix-and-flip-100-financing-disadvantages/">Fix and Flip 100% Financing Disadvantages</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>Fix and Flip Loan Low Credit Score and No Income</title>
		<link>https://www.rehablender.net/fix-and-flip-loan-no-credit-check-and-no-income/</link>
		<comments>https://www.rehablender.net/fix-and-flip-loan-no-credit-check-and-no-income/#comments</comments>
		<pubDate>Tue, 16 Aug 2016 04:59:43 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[Fix and Flip financing]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[purchase rehab]]></category>
		<category><![CDATA[real estate investing]]></category>
		<category><![CDATA[real estate investor]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=1092</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<div id="attachment_1053" style="width: 282px" class="wp-caption aligncenter"><a href="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2016/05/companylogo.jpg"><img class="size-full wp-image-1053" src="https://www.rehablender.net/wp-client_data/20210/3688/uploads/2016/05/companylogo.jpg" alt="Fix and Flip" width="272" height="120" /></a><p class="wp-caption-text">Fix and Flip</p></div>
<p><strong><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;">FIX AND FLIP</span></strong></p>
<p>That&#8217;s right! You can qualify for a fix and flip loan with no credit check and no income verification.  In fact you can qualify for up to 90% of the purchase price and 100% of the renovation  costs. We now require a minimum credit score of 620 and no verification of income. Due to extensive delinquencies this program has been changed.</p>
<p><span style="font-size: 14pt;"><strong>This Program Now Requires Minimum Credit Score of 620!</strong></span></p>
<p>Before 2008 Hard Money Lenders regularly made loans to experienced Real Estate Investors solely based on the value of the property. It was rare that a property would lose value. Since the financial market crash things have been very different. Today most rehab lenders do need to know these three things. They want to know:</p>
<ul>
<li>The value of the property: The &#8220;As Is Value&#8221; and The &#8220;After Rehab Value&#8221;.</li>
<li>The financial profile of the Borrower: This includes income, assets and credit.</li>
<li>The experience: Has the borrower, successfully purchased, rehabbed and flipped properties recently.</li>
</ul>
<p>With adequate collateral an acceptable credit profile and substantial experience, you would think the the borrower would need to really be a conventional buyer, yet that is not true. As many hard money lenders relax some of these guidelines to invest in purchase rehab investors. Though every hard money or private lender has their own guidelines, all require that their be substantial equity in the property.</p>
<h3><strong>Covid 19 update</strong></h3>
<p>Before the covid 19 pandemic we were funding loans with no minimum credit score. Due to the pandemic the financial markets are tighter and most programs require 650 or better credit score. With this program we can fund loans with credit scores as low as 620 with no experience. The better the credit score and experience, the better the loan terms are.</p>
<p><strong><span style="font-size: 14pt;">REHAB LENDERS</span></strong></p>
<p>Most rehab lenders require borrowers to have skin in the game as well. Those that do not, have the highest rates and the highest fees. This really is understandable because they are taking all the risk. There must be adequate reward for greater risks. That being said these can still be win win situations for the lender and the investor.</p>
<p>Win for the the lender because the higher rate and fees. Win for borrower who has no little or no money or credit, yet with the right property they can make a substantial financial gain.</p>
<p><strong>SPECIAL REAL ESTATE INVESTOR PROGRAM</strong></p>
<p>Yet, with nearly thirty years of mortgage financing experience my favorite program is fix and flip loan where there are there is not a high credit score required, no income asked or verified and with Loan to Values up to 75% of the after rehab value while still offering competitive rates, competitive fees, and 12 month interest only terms.</p>
<p>This program will even consider first time investors while rewarding experience investors with lower rates and even non recourse options.</p>
<p>So you must ask yourself if you are a real estate investor does your lender offer all of these options???</p>
<p>If the answer is no we can help, if the answer is yes compare our rates, points and fees.</p>
<h1><span style="font-family: 'arial black', 'avant garde';">This program now requires minimum credit score of 620</span></h1>
<p>For more information call 888-848-3114</p>
<p><a href="https://calendly.com/fbcfunding/20-minute-loan-consultation">Click Here to</a> schedule an loan consultation</p>
<p><a href="https://www.rehablender.net/apply-now/">Click Here</a> to apply online</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/fix-and-flip-loan-no-credit-check-and-no-income/">Fix and Flip Loan Low Credit Score and No Income</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<title>Blanket Mortgage Loans for Residential Properties</title>
		<link>https://www.rehablender.net/blanket-mortgage-residential-properties/</link>
		<comments>https://www.rehablender.net/blanket-mortgage-residential-properties/#comments</comments>
		<pubDate>Mon, 27 Jun 2016 19:52:16 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[Blanket Loans]]></category>
		<category><![CDATA[blanket loans]]></category>
		<category><![CDATA[blanket mortgage]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[real estate investors]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=1071</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p><strong>Blanket Mortgage Loans </strong></p>
<p>For Real Estate Investors looking to own and manage a portfolio of residential investment properties blanket loans are much more accessible today. There are many reasons to consider a blanket mortgage that include; ease of management, free up cash for additional investments and refinance to lower interest rates.</p>
<p><strong>Ease of Management: </strong>Some investors have 10, 20 or more single family and 2 &#8211; 4 unit investment properties. They are much easier to manage if you have one lender. This is especially true if the lender escrows for taxes and insurance. Imagine the potential chaos of owning 12 properties with 12 mortgages from 7 lenders and 2 lenders do not escrow at all. 3 lenders escrow for taxes only and 2 lenders escrow for taxes and insurance. Now add to that chaos the the properties are in 4 different counties and property taxes are due at different times. A Blanket Loan creates an ease of management because there is one lender who escrows for taxes and insurance so there is only one payment per month. I do not mean to imply that an owner does not monitor tax and insurance payments. This is always necessary for many reasons. One loan with one monthly payment makes this much easier.</p>
<p><strong>Cash for Additional Investments: </strong>Many investors are in the growth mode and are purchasing additional properties. A blanket loan allows an opportunity to take the equity from residential properties as a cash out refinance or an equity line of credit that can be used to purchase additional properties. Generally, the permanent term loan offers better rates than the equity line of credit. The advantage of the line of credit is you only pay interest on the amount of money you use. This is a big advantage for fix and flip investors or if the borrowers build up their portfolio to get another blanket mortgage, freeing up the equity line of credit to purchase additional properties. With the funds from the line of credit you are essentially a cash buyer.</p>
<p><strong>Refinance to Lower Rates: </strong>Many investors build their residential real estate portfolios by using hard money loans. These are short term loans with higher rates. Some offer extended terms but the rates are still high. The blanket loan rates are much lower commercial mortgage rates and they are for longer terms. Some terms are 25 or 30 years fixed, while most have a 5 or 10 year balloon or adjustable feature.</p>
<p><strong>Understanding Balloon Mortgage Loan Qualifications: </strong>Understanding the advantages of a Blanket Mortgage is good. We also need to understand what a this type of mortgage is and how to qualify. First of all a blanket mortgage is a commercial loan product. Commercial loan products are all portfolio programs. There is no secondary market like FNMA, FHMLC or GNMA to buy these mortgages from lenders. As such most of these loans are 5 to 10 year terms. The 30 year fixed rate options exist, but the rates are substantially higher. To fully understand what it means to be a portfolio product, consider this real scenario. A lender has $100 million dollars to lend. That sounds like a lot of money, but after they make 100 $1 million dollar portfolio mortgages they can no longer lend. This happens often to the local banks. They have a good portfolio product, but they run out of funds to lend. This should also help us to understand why the rates are higher than residential owner occupied conventional loans.</p>
<p>Because of  federal regulation of residential mortgages many lenders only lend on portfolios of 5 or more units. To ensure they maximize their profits without increasing costs many lenders also lend on portfolios of $500,000 dollars or more. In general the borrower must have decent credit, the property must have minimum cash flow (minimum debt service coverage) and the portfolio should be stabilized (occupied).</p>
<p>February 2018 update:We can now lend on small portfolios of $200,000 or more with a minimum of 2 properties. Minimum property value is $60,000. Minimum loan is $200,000.</p>
<p>For more information on Blanket Mortgage Loans complete the Quick Quote Request on the right side bar or</p>
<p>email louisj@fbcfunding.com</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.rehablender.net/blanket-mortgage-residential-properties/">Blanket Mortgage Loans for Residential Properties</a> appeared first on <a rel="nofollow" href="https://www.rehablender.net">FBC Funding</a>.</p>
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		<item>
		<title>Purchase Rehab Fix and Flip Financing</title>
		<link>https://www.rehablender.net/purchase-rehab-fix-and-flip-financing/</link>
		<comments>https://www.rehablender.net/purchase-rehab-fix-and-flip-financing/#comments</comments>
		<pubDate>Wed, 22 Jun 2016 08:14:09 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[Fix and Flip financing]]></category>
		<category><![CDATA[fix and flip]]></category>
		<category><![CDATA[hard money lender]]></category>
		<category><![CDATA[private lender]]></category>
		<category><![CDATA[purchase rehab]]></category>
		<category><![CDATA[real estate investors]]></category>

		<guid isPermaLink="false">https://www.rehablender.net?p=1082</guid>
		<description><![CDATA[]]></description>
				<content:encoded><![CDATA[<p>Do you need financing for your Real Estate Investment Business? Today there are funding options for whatever strategy you have chosen to pursue, including The &#8220;Buy and Hold&#8221;, Fix and Flip&#8221;, or &#8220;Wholesale&#8221; strategies.</p>
<p>As a Real Estate Investor who focuses on residential 1 to 4 unit non owner occupied properties you would know there are three major investment strategies. In the past most investors led by Realtors often focused solely on the buy and hold strategy. This is still a great strategy today. It is the best option for people who are looking for a lasting long term income, even retirement income and or to leave a legacy for their family. Personally, the buy and hold strategy is a major part of my wealth building goals. </p>
<p>But the program I am most excited about is fix and flip investing. This strategy requires you to buy property at a low price, renovate and sell the property for a great profit. By only doing three or four good transactions a year you can make one hundred thousand dollars or more annually. One of the most important elements of making a great living investing in properties that need to be renovated is to have adequate and readily available funding.</p>
<p>There are no options for conventional rehab financing for borrowers looking to finance the purchase and renovation of investment properties. Frankly banks and other conventional sources are missing this boat. That leaves the bulk of this funding to Private Money or Hard Money Lenders. Private Money Lenders can be individuals, small funds or large institutional funds that focus on funding the purchase rehab transactions.</p>
<p>Quite often Private Money Lenders are Asset Based Lenders whose underwriting criteria focus on the value of the property and the experience of the investor. When a Private Lender looks at the value of property they will typically lend a percentage of the &#8220;AS IS Value&#8221; (AIV) for the purchase and a percentage of the &#8220;After Repair Value&#8221; (ARV) for the renovation of the property.  At one time there pretty uniform lending criteria, but today the amount of money these Hard and Private Money Lenders are willing to lend vary greatly. You can expect terms as low as 65% of AS Is Value or 70% of Purchase Price to as high as 100% of Purchase Price. Pretty standard in the marketplace is 80% of Purchase Price.<br />
Likewise, these funds will lend up to 100% of funds needed to rehab a property limited by the After Rehab Value. Typical maximum ARV limits range from 65% to 75%. </p>
<p>When choosing a lender (or qualifying for a fix and flip loan) there are other important guidelines to be aware of.<br />
To name a few important guidelines you need to know there is:<br />
1) Experience &#8211; How projects has the investor successfully completed and how many have been completed recently.<br />
2) Credit &#8211; The investors Credit Score and Credit Profile.<br />
3) Financial Strength &#8211; How much money does the investor have and how much will they have as a financial reserve.<br />
4) Cash Flow &#8211; Will the investor have the ability to make mortgage payments.<br />
5) Character &#8211; quite often private lenders search the public records to ensure they are dealing with quality people they are investing there private and often personal money in.  </p>
<p>Remember when you are a fix and flip investor there can be great financial reward. There can also be great risk. The purchase rehab private money lender is your partner. They will share the reward and to a greater extent they share in the risks. These Hard Money Lenders are investing in you the fix and flip investor. They are not just making a loan.</p>
<p>FBC Funding is a nationwide financing broker for fix and flip or purchase rehab funding. We have multiple lenders with varying guidelines to help novice and experienced investors meet their financing goals. </p>
<p>Go Here to review our programs. </p>
<p>Go Here for a quick quote. </p>
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