Contact: Ernest Higginbotham
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Real Estate Investors Strike Pay Dirt with Fix and Flip Line of Credit
A program that will prove to be a game changer for investors who are used to hard money, the new Fix and Flip Line Of Credit loan program is every real estate investors’ dream.
The Walker Bailey Group’s Commercial Lending division is proud to announce to the public, the new Fix and Flip Line Of Credit loan program for experienced real estate investors. WBG Commercial Lending now offers a Fix and Flip Line of Credit starting at 100k and with credit scores down to as low as 620.
Unlike similar loan products that require huge upfront fees and credit lines starting at 1 Million, WBG Commercial Lending’s Fix Flip Line Of Credit was designed for seasoned active investors seeking an alternative to hard money for acquisition and rehab funding of non-owner occupied single family 2-4 family units, condos, town homes, and multi-family properties up to 30 units and ground up construction. This Fix and Flip Line of credit loan program features: Fixed Rates starting at 6.99% – Up to 90% of purchase price- Up to 95% of cost a 9 month term with optional 3 month extension. The Fix and Flip Credit line is based on credit score, net worth, liquidity and experience.
This is a growing segment of the real estate investment market substantiated by Goldman Sachs recent purchase of Genesis Capital a major lender in the Fix and Flip loan arena as evidenced by their 1 billion in funding last year up from 50 million in 2013. Fix and Flip investors’ numbers are growing as it was recorded that borrowers took out 40 billion in loans last year alone. House flipping is on the rise as the real estate market continues to recover nationwide, bolstered by the numerous TV shows which make it look easy.
This market niche has garnered the attention of Wells Fargo, JP Morgan Chase and the Japanese Investment bank Nomura who are now securitizing these loans. For more information, visit www.wbgcommerciallending.com or www.facebook.com/wbgcommerciallending
About WBG Commercial Lending
WBG Commercial Lending provides Commercial Mortgage financing for commercial real estate of all types and residential investment properties. Serving Delaware, Pennsylvania, Maryland, New Jersey, New York since 1995. We offer Stated Income Loans, Fix and Flip Loans, No Doc Loans, Rehab Loans, Fix & Flip Line(s) of Credit, Construction Loans and Hard Money Loans. WBG Commercial Lending will structure a commercial loan solution that meets your needs when the Bank Says NO!