Looking to grow your fix & flip business? MCF’s revolutionary funding for single family residential fix & flip projects is catered to experienced investors like you looking to take your business to the next level. A funding relationship with Market Capital Funding means you’ll have a full suite of back office support and up to 90% of acquisition and remodel expenses covered, freeing you to focus on more deals, faster turnaround, and higher ROI.
Similar in nature to a joint venture partnership, MCF’s is an alternative to hard money, private money, and conventional financing.
Our Fix and Flip loan helps you purchase a distressed property, fix it up and sell it for a profit. Most banks won’t lend the funds to either purchase or repair these distressed properties as the perceived risk is too great. We, of course, are geared up to handle these types of loans including lending you the rehab funds and paying those funds out to you in draws as the work progresses.
One of our goals is to help you keep as much cash in your pocket as possible. Along those lines, we lend up to 70% of the after repair value (ARV) of the property. This means that we can, in some cases, lend up to 100% of the purchase price and repairs if the 70% ARV loan amount covers this. And we have made these type of 100% loans!
In most cases, though, unless the loan to after-repair value is very low (ie. 60% or less), our lenders like to see some “skin in the game”. That means that you have some cash in the deal, and therefore a tangible stake in the outcome. Typically, this would be at least 10% of the purchase price and rehab, and higher for loan amounts greater than $350K.
Our commitment to you is that we will work closely with you to ensure that the amount of money required is reasonable and still makes the deal a good one for you