Fix and Flip or Buy to Rent – Long Term
At Venus Capital, we provide Fast, Flexible Funding for Residential Real Estate Investment. Let’s take a look at all the ways you stand to benefit. We have both Fix and Flip Loans (12-14 months) as well as Buy and Hold (Long term 30 years)
Why Choose This Type of Loan?
A fix and flip loan has quite a few advantages:
- FAST closing and funding, within 10 days and only 10% down for experienced investors
- 100% Rehab costs are covered!
- First time flippers welcome too!
- Get your offer in 15 mins of your call in real time !!
- Loan amounts from $150,000 up to $2,000,000. Min As-Is value 120k, per door 75,000
- Minimum FICO is 650+ for 1-4 unit SFH
- Available for Townhomes, Condos, Single Family (1-4 unit)
- Purchase/ Refinance single family rental properties to hold for business
- Less paperwork – ONLY 2 months bank statements
- Permanent residents and Canadian citizens too with 1 year experience
- Need funds for downpayment 10-15%, closing costs and 3 months liquidity
- NO timeshare, condotel, farm, owner occupied in Residential
- No Rural areas below 50,000 population
Our interest is in equity, not your credit history. That means if your record is less than stellar, you can still get the funding you need if the property value covers taxes, insurance and principal. This also means we don’t need as much documentation as traditional lenders, which speeds up the closing process to three weeks or less.
Our loans can be used for a variety of purposes:
- Purchase/ Rehab
- Buy to Rent
- Buy and Hold 30 yrs (no rehab)
- Cash out refinance
- Bridge Loans with rehab
Ideally, applicants should have documentation of self-employment (LLC) or can get it done soon and ideally have done few flips/purchases in last three years. Liquidity for 10-15% down payment and 10% of rehab budget
Serving Columbus and Cincinnati in Ohio first, besides 40 other states nationwide
How Can You Apply?
The experts at Venus Capital are eager to explore all the ways we can help your company succeed. To set up a consultation, give us a call today.