Refinance
Refinance
Borrowers choose to refinance when they seek to make favorable changes to their previous terms such as interest rate, schedule, and etc. Refinancing is desired when interest rates fall, opening up the opportunity to save on payments with a new agreement.
House flippers can choose to refinance after purchasing a property at an auction. Investors who do a cash-out refinance can borrow against the equity in their property and access the cash immediately.
Easy To Refinance Through FlipCo
Refinancing has never been easier than with FlipCo. We make private hard money refinancing simple for investors to refinance current projects to get access to cash fast. When you work with us, you are working with actual real estate investors that can walk you through your best options to refinance. We can provide refinancing within 72 hours through our private investor network. Get out of high-interest rate private and hard money loans and let us put money back in your pocket. We know the value of a good interest rate, contact us today for more information on our simple, easy refinancing program.Â
What Clients Say About Us!
FAQ's
At FlipCo, we understand that time is of the essence for real estate transactions. We can fund projects within 48 hours of receiving clear title and all underwriting documents.
The most important part of our deal structure is ensuring our client are set up for success. We go the extra mile to ensure that title issues are not overlooked, legal documents are prepared correctly for our clients and that our clients have all the tools they need for their projects. Our client’s success comes before anything else.
The monthly interest payment calculation is explained in detail via the agreed upon Term Sheet that is signed prior to project closing. We charge interest only payments and only ever on funds used.
Yes, every property we lend on is required to have title, builder’s risk, hazard, and general liability insurance.
- Single Family Residential, up to 4 doors (No Owner-Occupied)
- First lien position
- Previously flooded properties require additional diligence from our underwriting team
- Additional square footage will require a survey prior to funding
We typically approve our clients within 48 hours of receiving all required documents.
We do not require third party appraisals. All underwriting and price opinions are performed in house reducing project costs as well as providing enhanced efficiency to the underwriting process timeline.
- Last 3 months of bank statements
- Financial statement
- Completed borrower application
We offer a 3 and 6 month term.
FlipCo typically does not require a credit check. We pride ourselves on lending on the asset and strategy rather than the borrower’s credit score.
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