AJE Capital was one of the first fix and flip lenders out of the Great Recession.
The fix and flip loan is a loan type designed specifically for residential real estate opportunities that involve renovating and selling within a relatively short timeframe, typically 6 to 9 months after the purchase date. Investors acquire distressed properties or fixer-uppers, aiming to repair the damage and enhance the property’s appearance. The ultimate objective is to sell or rent the property, with the following three conditions in mind:
- Minimize renovation expenses as much as possible.
- Maximize the market value of the property.
- Retain the property for the shortest possible duration.
Promising opportunities for single-family homes arise unexpectedly and quickly, and local real estate investors respond promptly. This is where AJE Capital plays a crucial role. In the fix and flip business, cash availability and speed are vital. Real estate investors require the necessary resources to execute their plans and make appealing offers that guarantee swift transactions.
AJE Capital Group LLC will primarily focus on financing residential real estate properties but may also consider commercial properties on a case-by-case basis.
Why choose a fix and flip hard money loan?
For investors or flippers seeking properties that demand all-cash or hard money financing for purchase and renovation, our fix and flip hard money program is worth considering. Through this program, we offer fix and flip private money loans that provide financing of up to 85% of the total project cost, encompassing both the purchase price and the rehab expenses. These loans have the advantage of having no prepayment penalties, enabling you to sell the property as swiftly as possible.
Our Fix-and-Flip Loan Parameters:
Property Types :
Fix and flips, distressed properties, and non-arm’s length transactions
Loan Amounts :
$100,000 – $12,000,000
Loan Term:
We provide flexible loan terms ranging from 6 months to 6 years, offering options for interest-only, partially-amortized, and fully-amortized loans.
Eligibility:
Our loans are available to individuals, trusts, corporations, and limited partnerships.
Minimal Investment:
Our fix and flip hard money loan allows borrowers to enter the market with minimal initial investment.
Total Project Cost Approach:
Understanding that rehab costs can sometimes exceed the purchase price of an investment property, we have tailored our fix and flip loans to be based on the total project cost. Through this program, we can lend up to 70% of the total project cost, with the rehab funds held back and released as the project progresses.
Flexible Funding Terms:
AJE Capital’s fix and flip loans offer flexible terms, providing funding of up to 70% of the purchase and rehab costs. Our hard money loans for fix and flip properties start from $100,000, with no prepayment penalties and no limitations on the number of properties.
Alternative to Traditional Lending:
When traditional lending solutions are not available, our fix and flip loans can be the ideal solution. These loans cater to properties that may not meet FHA guidelines or qualify for backing from federal agencies such as Freddie Mac and Fannie Mae, expanding options for borrowers interested in purchasing foreclosed properties.
Fast Prequalification:
We aim to provide same-day prequalification on our fix and flip loans, ensuring that you have access to funds quickly when opportunities arise. Start the process by completing our Fix and Flip Loan Interest Short Form.
Proven Performance:
To gain insights into our past performance, please review a selection of fix and flip deals we have funded.
Common Fix and Flip Scenarios:
Our expertise extends to a variety of fix and flip loan scenarios, including but not limited to short sale purchases and rehab, REO or bank-owned purchases and rehab, refinancing short-term loans intended for flipping, inability to qualify for conventional financing, full amortized loans, portfolio loans, and multi-property loans.
Unlimited Properties:
There is no limit to the number of properties you can leverage with our fix and flip loans. Whether you need financing for a single building or your entire commercial portfolio, we are here to assist you.
Customized Loan Programs:
Our goal is to provide you with a fix and flip loan program tailored to your specific business needs. With our customized loan programs, you can obtain financing that aligns perfectly with your requirements.