Fix and flip loans are a type of short-term financing specifically designed for real estate investors who purchase distressed properties, renovate them, and then quickly sell them for a profit. These loans are an essential tool for individuals or companies involved in the fix-and-flip business, allowing them to secure the necessary funds to acquire and rehabilitate properties. Typically, fix and flip loans have a shorter repayment period and different underwriting criteria compared to traditional mortgage loans, making them tailored to the unique needs of real estate investors.
Bridge loans are short-term financing solutions designed to bridge the gap between two major financial transactions. They serve as a temporary source of funds until a more permanent form of financing can be arranged. These loans are commonly used in real estate transactions, where individuals or businesses require immediate cash to purchase a new property while waiting to sell an existing one. Bridge loans provide borrowers with the flexibility and liquidity needed to seize time-sensitive opportunities without the constraints of a long approval process.
Investment loans play a crucial role in providing individuals and businesses with the financial resources necessary to pursue various investment opportunities. These loans are specifically designed to help borrowers fund projects such as real estate acquisitions, business expansions, stock market investments, or other ventures aimed at generating income and potential returns.
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A hard money loan is a type of short-term financing typically used in real estate transactions. Unlike traditional loans that are issued by banks or financial institutions, hard money loans are often provided by private individuals or companies, known as hard money lenders. These loans are based on the value of the property being used as collateral, rather than the borrower's creditworthiness or income history.