Fix and flip loans Bronx, NY

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LendingOne – Best Fix and flip loans near Bronx

LendingOne is a New York private money lender offering short-term mortgage loans to real estate investors in NY - AlbanyAmherstBronxBrooklynBuffaloManhattanNorth HempsteadQueensRochesterStaten IslandSyracuseYonkers. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.

Fix and flip loans
Rates as low as 7.49%*

LendingOne fix and flip loans can provide the cash you need to grow your real estate investment property portfolio:

  • Closings in as little as 10 business days
  • No hurdles- flexible loan options designed to meet your strategic needs

Advantages of our Fix and Flip Loans Bronx

  • Up to 85% of property purchase amount
  • 100% financing on rehab costs
  • No interest charged on unused rehab funds
  • 12-Month interest only (no prepayment penalty)
  • Up to 75% ARV

Ready to get started on your Fix and flip loan?

Get ahead of the competition in the Bronx real estate market. Speak to a Fix and Flip expert today by calling 866-918-1974

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Fix and flip loans near Bronx, NY

What type of properties are eligible for Fix and Flip loans near Bronx, NY offered by LendingOne?

The following property types are eligible for our fix and flip loans:

  • Single Family Residence (SFR)
  • 2-4 Unit Properties
  • Condominiums
  • Townhouses
What type of fix-and-flip loan rates are offered by LendingOne?

LendingOne near Bronx, NY offers fix-and-flip loan rates between 7.49%-12.9%. All rates are based on the individual property and borrower.  Call us to learn more at 866-918-1974

What is the minimum and maximum loan amounts for fix and flip loans offered by LendingOne?

LendingOne fix-and-flip loans have a minimum loan amount of $75K and a maximum loan amount up to $4M (Exceptions Granted).

Do you lend on construction or repairs near Bronx, NY?

Yes, LendingOne specializes in providing fix/flip loans that include both the purchase and repair costs as part of one loan.

What states does LendingOne offer its fix-and-flip loan products?

LendingOne provides lending in all States and District of Columbia except Alaska, Nevada, North Dakota, South Dakota, and Utah.

What is the minimum FICO score for LendingOne's fix-and-flip loans?

LendingOne’s fix-and-flip loan FICO score minimum is 600.

What states does LendingOne offer its fix-and-flip loan products?

We look at things very differently than a bank and rely mostly on your real estate experience and other common sense factors when making decisions.

LendingOne will ask for the following documents for Fix and Flip Loans.

  • Sales Contract
  • Construction Budget
  • 1-month bank statements
  • A list of properties you currently own (an REO Schedule)
  • Two years of tax returns
  • LLC Operating Agreement or Articles of Corporations
Do you lend to Companies or LLC's near Bronx, NY?

Yes, we only lend to real estate companies. Our fix-and-flip loans are available to the following borrowers:

  • LLCs
  • Limited Partnerships, General Partnerships
  • Corporations
Do you lend to people from my Country?

Our fix-and-flip loans are available to the following borrowers:

  • U.S. Citizens
  • Canadian Citizens
  • Permanent Resident Aliens
Can I receive financing for a residence that I'm looking to live in?

No.  LendingOne provides commercial only loans that are non-owner occupied (investment) properties.

Is there a prepayment penalty?

No, there is no prepayment penalty on our 12-month fix-and-flip loans near Bronx, NY.

 

Bronx Hard Money Real Estate Market

Foreclosure Rates for Bronx, NY

Looking at foreclosure rates, number of Bronx, NY properties sold at auction, and the amount of homes currently bank-owned is a great strategy for investors interested in purchasing a fix and flip property that meets one of these three criteria. Examine the data for Bronx, NY and see what the current rates are for foreclosure, auction, and bank owned properties in the last few months before deciding on a fix and flip investment.

Get 5 Steps Closer To Growing Your Fix and Flip Business near Fix and flip loans

  • Advice on searching for a property to fix and flip
  • Ways to get organized before beginning
  • What to expect during the project
  • Recommendations for when you’re ready to sell
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Fix and flip tips free eBook

Sales Prices for Bronx

Fix and flip loans investors in Bronx, NY are encouraged to look at what the sales prices for homes are and whether there has been a trend of prices increasing or decreasing over the past several months. Prices in Bronx, NY are influenced greatly by the available inventory and whether or not demand is high or low. An influx in prices usually indicates that demand is rising, so Fix and flip loans investors in Bronx, NY can ask for higher sales prices from potential buyers.

Rental Prices for Bronx

Rents have been rising across Bronx, NY due to the demand in housing increasing. Investors who focus their business in buy and hold rental properties would be advised to analyze what rents have been averaging in Bronx, NY. Knowing how much rent an investor can ask for will give them a good idea of how much monthly cash-flow they can expect and whether that is enough to cover the home’s expenses and ultimately earn a profit.

Driving Factors for the Bronx Real Estate Market

Education: Bronx is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Bronx, NY area.
Economy: Bronx’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Bronx Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.