Fix and Flip Loans
Fix and flip funding is designed for investors looking to purchase, renovate, and quickly resell properties for profit. This type of funding covers the acquisition and improvement costs, allowing investors to focus on transforming properties without tying up personal capital. It’s an ideal solution for those who have a clear renovation plan, an understanding of the local market, and experience managing quick-turnaround projects. Investors who thrive in competitive markets or who are skilled at enhancing property value in a short timeframe are especially well-suited for fix and flip funding.
Loan Terms
12% - 13% Interest Rate
6-9 Month Loan Terms
Loans From $150,000-$500,000
2.5-3.50 Points
72-Hour Close Time, if needed
Same Day Approval
Interest Only Payments
No Penalty for Early Payoff
No Previous Project Requirements
LTV Up To 75% or 90% of the cost of the project
Entity Borrowers Only
All Closing Costs and Points Due at Closing
30 and 90 Day Extension Options at Lender's Discretion
$1,995 Closing Fee - Includes Appraisal, Documents, Processing, & Flood Cert
Loan Requirements
Investor non-owner occupant loans only
Entity borrowers only
Personal guarantee required
Lender must be in first position
Insurance required
Lender should be named as mortgagee on insurance policy
Title policy is required, both owner and mortgagee
Tax Certificate
Survey may be required
Flood Certificate may be required
ACH draft required for monthly payment
Our Process is Simple
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Apply
Start by completing our simple application form, providing the basic details about your project and funding needs. We’ll review it promptly and guide you through the next steps to keep things moving smoothly.
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Submit Docs
Once your application is received, MCM Capital Funding will connect with you and request any additional documentation (entity docs, project budget, etc.). Upon approval, you will receive your term sheet for final signatures.
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Funding
We collaborate closely with your chosen title company to ensure a seamless funding process. Our goal is to eliminate delays so that you’re never left waiting for funds. With our smooth coordination, you can focus on closing your deal with confidence.