Fix and Flip Loans

Fast Funding for All Your Investments

Whether you are a first-time investor just starting with fix and flip loans or an experienced, expert house flipper, we have the perfect solutions for your investment.

At Lux Loans, we are focused on designing loans for real estate investors that are simple, easy to understand, and profitable!

Our Fix and Flip Loans are structured to help investors purchase distressed properties quickly, provide funding for repairs and improvements, and flip them for maximum profit.

Fund Your Flip

Start your Fix & Flip loan process with these details:

Why Choose Lux Loans?

At Lux Loans, our #1 GOAL is to help you profit from every investment you make as a real estate investor!

Your success determines your ability to purchase more properties, scale to larger investments, and grow your real estate portfolio. Similarly, our success as a private lender depends entirely on our ability to ensure your funds.

We are also real estate investors!

Fast Funding

Low Rates

We offer competitive rates on ALL our loans!

Superior Service

In addition to our loan options, you get access to the expert team at Lux Loans.

We can help you develop a plan of action to eliminate errors, increase returns, accelerate your income, and grow your investments.

As real estate investors, we know what you want and need to succeed.

Our mission is to help you get there!

Call (832) 639-0589

What are Fix and Flip Loans?

Fix-and-Flip Loans are a type of Hard Money Loan used by real estate investors to purchase investment properties and fund repairs and renovations. The goal is to get through the renovation quickly and then sell for a profit.

This type of loan allows investors to close on a property quickly without jumping all of the hurdles traditional lending presents. Traditional lenders rarely offer these short-term loans. However, that’s not true of private lenders.

Private Lenders, like Lux Loans in Houston, Texas, are funded directly by private individuals. Therefore, we can approve and fund loans with much more flexibility and speed.

Instead of basing loans on the borrower’s credit or income, we offer them on the property’s value. This asset-based lending model uses a property’s estimated “After Repair Value” to determine the loan amount and terms.

Below are some of the most common situations and use cases for Fix and Flip Loans for Real Estate Investors around our Houston, Texas – Seabrook, Texas area.

Investment Property

Here are some of the Property Characteristics that help identify a good investment opportunity.

Motivated Sellers
Discounted Price
Distressed Property

Asset-Based lending

The loan is based on the after repair value (ARV) of an investment property, NOT creditworthiness.

hard asset Based
Property Value
CREDIT FLEXIBILITY

Easy Online Application

Our application process is simple, fast and easy. You can apply online, call, email and social media.

Apply Online 24/7
minimum Info required
RAPID RESPONSE

Fix and Flip Strategy #1

Standard Fix and Flip

Purchase, repair, and quickly sell the property

Hard Money Loans for Real Estate Rehab

Hard money loans for real estate rehab allow investors to quickly purchase distressed properties, finance the repairs, and get the property back on the market much faster than any other real estate loan or mortgage.

Instead of using all of their own money on the purchase and repairs, investors pay a simple downpayment and gain access to these fast funds. Using this method, they are able to purchase and repair multiple properties at once.

House Flipping with Private Money Lenders

Private Money Lenders typically fund fix and flip projects. They may also provide funds for repairing and reselling commercial or multi-family properties.

These funds allow investors to secure damaged or distressed real estate properties, finance necessary renovations and quickly resell them for a profit. Therefore, this type of real estate financing is also commonly referred to as house-flipping or fix-and-flip loans.

Handyman Special Financing

If you’re looking for special handyman financing, chances are you’re in the market for a hard money loan with loan terms built on the After Repair Value (ARV). ARV represents a distressed property’s estimated or appraised value after the proposed repairs are complete.

Private money lenders typically lend 65-75% of the calculated ARV. The term, After Repair Value loans, is simply another way of saying hard money loans for distressed real estate, based on the value after repairs.

Typically, fix-and-flip loans are short-term, asset-based loans. Most often secured for distressed or damaged real estate properties. Generally, private investors issue them as interest-only loans. Moreover, they do not fall under the regulations of conventional mortgages, bank lenders, or credit unions.

EXAMPLE

Let’s say that you are buying a house that needs repairs.
The after repair value is $200k.
Typically a Fix and Flip Loan is 70% LTV, loan to value.
This means that the total loan amount can be $140k.

The purchase price is $85k and you estimate the repairs will cost $35k.
Your total investment will be $120k.

Which means that your purchase price AND rehab budget are BUILT IN to your loan.
AND you will have $20k left over!

Now let’s say that you use the extra cash to add some upgrades to the property and as a result you sell the house for $225k. After you pay off the loan, your profit will be $85k!

Fix and Flip Strategy #2

Fast Purchase & Resell

Quickly purchase and resell the property

Hard Money Loans without Repairs

Another way the intelligent real estate investor can leverage fix and flip loans is the speed of funding.

The fact that these loans can close in as little as 2-7 days can mean that your offer to purchase may be the only solution that can close in time (such as when a foreclosure is pending). In addition, the speed of a fix and flip loan often helps negotiate better terms or a lower sales price.

These factors often allow the savvy property investor to buy and flip property at a much lower price, quickly generating a considerable ROI (Return On Investment).

Fix and Flip Strategy #3

Refinance, Rehab, & Resell

Funds for repairs on a property already owned to Quickly resell

Real Estate Rehab Loans for Owned Property

This scenario provides a fast investment to repair a distressed property you own. As with the other types of hard money loans, speed is of the essence.

A fix-and-flip loan provides fast and easy access to a wide range of resources and the cash needed to get the property repaired and back on the market at a much higher price than the current value.