Looking to purchase distressed properties in Phoenix at low prices, renovate them, and turn them around for a profit? Our fix & flip loans were designed just for you.
A fix & flip loan is a short-term financing product you can use to purchase:
Fix & flip loans are classified as hard money loans. That means that they are secured. The property you are buying with the loan becomes the loan’s collateral.
Here are a few reasons why our fix & flip loans are ideal for your investments:
Fix & flip loans usually have no prepayment penalties. If you plan to renovate and sell the property quickly, you can do so without it costing you unnecessary fees.
Because fix & flip loans are tied to collateral as hard money loans, credit requirements are more relaxed.
The application process is designed to be fast and simple, with rapid disbursement of funds upon approval. This allows you to move immediately on the property you wish to purchase before a competing buyer gets there first.
Many Phoenix mortgage companies do not offer fix & flip loans. If they do, they usually do so on the side. At Barrett Financial Group, our approach is different. This product is among our specialties, and is tailored to the exact needs of fix & flip buyers.
During your consultation, we have a chance to tell you more about how these loans work, and to learn more about your project. This will allow us to match you up with the most suitable fix & flip loan in Arizona. Ready to begin? Please call us today at (480) 470-1080 to schedule your consultation.
Barrett Financial Group LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.