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fix and flip FAQ

Simply put, they are loans that real estate investors use for property rehabilitation. When the project is complete, the investor either sells the property for a profit, hence fix-and-flip, or holds the property as a rental, the BRRRR method.

On The Contrary, A Fix-And-Flip Loan Is Simply One Of Your Soft Or Indirect Costs Associated With Your Real Estate Investment. In The Grand Scheme Of Things, A Well-Managed Fix-And-Flip Project Wherein You Go Through Disposition In Six Months Or Less Should Cost You No More Than 6% Of The Loan Amount.

The Most Successful Real Estate Investors All Have One Thing In Common, They Leverage As Much Of Their Real Estate Investing Business As Possible. So If You Have A Fix-And-Flip Project, You should Absolutely Take Advantage Of A Fix-And-Flip Loan For The Following Reasons: 1) It Frees Up Capital For Future Opportunities, 2) It Solves For Any Potential Cash Flow Issues, and 3) It’s A Small Soft Cost Associated With The Investment.

Turning Point Lending offers Fix-and-flip loans in 45 of 50 states. Due to market trends, we’ve been super focused on loans in Philadelphia, Charlotte, and Southwest Florida (primarily Tampa, Sarasota, and Cape Coral).

Transform Your Real Estate Investment Strategy with Turning Point Lending’s Fix and Flip Loans

Unlock unparalleled opportunities for real estate investment success with Turning Point Lending’s specialized Fix and Flip Loans. These tailored short-term loans are crafted to empower you to transform distressed properties into lucrative assets. Whether a seasoned investor or embarking on your first venture, our comprehensive financing solutions equip you with the essential capital to purchase, renovate, and swiftly sell properties for significant returns.

Quick Approvals and Competitive Rates

At Turning Point Lending, we recognize the critical importance of timing in the fast-paced real estate market. Our Fix-and-Flip Loans are engineered for rapid approvals, enabling you to capitalize on opportunities as they arise. With competitive rates and flexible terms, you can confidently navigate the fix-and-flip landscape.

Serving Major Metropolitan Areas and Beyond

Our Fix and Flip Loans are accessible to investors nationwide, including vital metropolitan areas such as Houston, Texas; Tampa Florida; Philadelphia, Pennsylvania; Sarasota, Florida; Seattle, Washington; Charlotte, North Carolina; and Clearwater, Florida. In addition to our robust presence in Pennsylvania, New Jersey, Delaware, and surrounding regions, we are committed to supporting your real estate endeavors regardless of location.

Partner with Experts for Maximized Returns

Whether you aim to enhance your existing portfolio or dive into your inaugural fix and flip project, Turning Point Lending is your trusted financial partner. With our deep expertise and unwavering commitment to your success, you can maximize your profits and achieve your real estate investment aspirations.

Seize your place in the dynamic world of real estate with Turning Point Lending’s Fix and Flip Loans today.

New Construction/Ground-Up Loan FAQs

These problems can be numerous: zoning, engineering, permitting, construction capitalization, loan structure, loan agreement structure, and draw disbursals. When you work with our Team, from a compliance standpoint, we understand zoning ordinance and variance decisions, subdivision approvals and recordation, and permitting. From a project execution standpoint, we ensure that your project is adequately capitalized, so you don’t run out of money, your loan agreements are structured so that when partial takeouts are necessary, you can do them, and when draw disbursals are needed, they are funded quickly.

We lend money both ways.  And when our Borrower already owns the land, we apply a fair percentage of the equity in the land to their liquidity.   

In this scenario, you don’t need a fix-and-flip loan, since you have the requisite funds available, but one of the benefits of using a fix-and-flip loan is that it gives you better cash flow and hence better buying power.

Turning Point Lending supports New Construction Lending in 45 of 50 states. In the last few years, our bread and butter areas have been growth markets as lending in Charlotte, Tampa Florida, Sarasota Florida, and Cape Coral Florida has increased quite a bit. 

Elevate Your Real Estate Development with Turning Point Lending’s New Construction / Ground-Up Loans

Discover unparalleled opportunities in real estate development with Turning Point Lending’s New Construction/Ground-Up Loans. These specialized financing options empower you to transform vacant or rundown lots into magnificent properties. Our comprehensive loans cover land acquisition, construction costs, permits, and more, ensuring you have everything needed to bring your vision to life.

Flexible Terms and Competitive Rates

Partnering with Turning Point Lending means access to flexible terms and competitive rates, providing a robust financial foundation for your construction projects. We understand the unique challenges of ground-up construction, and our tailored solutions streamline your journey from project inception to successful completion.

Nationwide Availability with a Focus on Key Metropolitan Areas

Our New Construction/Ground-Up Loans extend beyond geographic boundaries. While we proudly serve developers and builders in Pennsylvania, New Jersey, Delaware, and surrounding regions, we are also equipped to assist visionaries across the nation. Our services are particularly robust in key metropolitan areas such as Houston, Texas; Philadelphia, Pennsylvania; Sarasota, Florida; Seattle, Washington; Tampa, Florida; Charlotte, North Carolina; and Clearwater, Florida.

Your Trusted Partner in Construction Success

Turning Point Lending is committed to being your trusted partner in realizing your construction aspirations. With our expertise, dedication to excellence, and nationwide availability, we support you in transforming empty lots into thriving properties. Build your future with confidence and success by choosing Turning Point Lending’s New Construction/Ground-Up Loans today.

Optimize your real estate development journey and achieve your construction goals with Turning Point Lending. Contact us now to learn more about how our specialized financing solutions can elevate your projects.

DSCR Loans FAQ

DSCR is an acronym for Debt Service Coverage Ratio. And your DSCR ratio is derived by taking your monthly PITI (principle, interest, tax, & insurance) or PITIA and dividing it into your monthly rent. So, if your monthly PITI totals $1,250 and your monthly rent is $1,400, you would have a DSCR ratio of 1.12.

To qualify for a DSCR Loan, you need to have at least a 1.0 DSCR ratio. There is no maximum DSCR ratio. In fact, the higher your DSCR ratio, the better your loan pricing.

1-4 family and multifamily properties qualify. Property types that do not qualify are commercial properties, mixed use, and obviously, vacant land.

Yes. Single family homes need to have a tenant with a lease. 2-4 family properties can have only one vacant unit; all other units need to be tenant occupied.

DSCR is calculated by dividing the property’s net operating income (NOI) by the annual debt service (ADS). The NOI is the property’s income minus its operating expenses, and the ADS is the total amount of money that the borrower must pay each year to cover the loan payments.

A good DSCR ratio is typically between 1.25 and 1.50. However, the minimum acceptable DSCR ratio can vary depending on the lender and the property type.

DSCR loans can be a good option for borrowers who do not have a high income or who are looking for a loan that is not based on their credit score. They can also be a good option for borrowers who are looking for a loan for an investment property.

Maximize Your Commercial Real Estate Potential with Turning Point Lending’s DSCR Loans

Unlock the full potential of your commercial real estate investments with Turning Point Lending’s Debt Service Coverage Ratio (DSCR) Loans. Designed for long-term success, our DSCR loans consider your property’s cash flow potential, ensuring sustainability and profitability for your investments.

Competitive Rates and Flexible Terms

At Turning Point Lending, we are committed to your financial well-being, offering competitive interest rates and flexible terms. Whether you are purchasing, refinancing, or expanding your commercial property portfolio, our DSCR loans provide the financial stability you need to succeed in the competitive real estate market.

Nationwide Availability with Key Metropolitan Focus

Our DSCR Loans are available nationwide, serving property owners and investors in Pennsylvania, New Jersey, Delaware, and surrounding areas. Additionally, we cater to major metropolitan areas such as Houston, Texas; Philadelphia, Pennsylvania; Sarasota, Florida; Seattle, Washington; Tampa, Florida; Charlotte, North Carolina; and Clearwater, Florida. No matter where your commercial real estate ambitions lead you, Turning Point Lending is here to support your financial needs.

Your Partner in Commercial Real Estate Excellence

Turning Point Lending is dedicated to helping you unlock growth opportunities and maximize your return on investment with our DSCR loans. Elevate your commercial real estate ambitions with financing solutions meticulously tailored for your success. Your journey to commercial real estate excellence begins here, and we are with you every step of the way, no matter where you are in the country.

Experience the remarkable potential of Turning Point Lending’s DSCR Loans and take your commercial real estate ventures to new heights. Contact us today to learn more about how we can support your investment goals and ensure your long-term success.

Bridge Loans FAQ

This is one of many scenarios for why we created this loan program.  In this case we suggest funding the purchase using our 30% down Bridge Loan program, and once the tenant vacates, we’ll re-cast the loan as a fix-and-flip loan. 

Absolutely. This program is designed to Bridge the time between acquisition and your loan exit.

Real Estate Investors who are building rental portfolios often have opportunities to buy property’s that have below market rents. Often these properties may not need any rehab, but by increasing the rents to market levels, they stabilize the rents, thereby, increasing the property’s value.

Because most private lenders are not owned by experienced real estate investors/developers. Our owners are former real estate investors and they understand that there is a need for this product in the marketplace.

Elevate Your Real Estate Ventures with Turning Point Lending’s Bridge Loans

Turn your real estate aspirations into tangible success with Turning Point Lending’s Bridge Loans. Our flexible and rapid financing solutions are the perfect bridge between properties, ensuring you can seize golden opportunities without delay. Whether upgrading, renovating, or investing in new properties, our dedicated support is with you every step of the way.

Streamlined Process and Competitive Rates

At Turning Point Lending, we streamline the funding process with competitive rates to ensure you receive the necessary funds exactly when needed. In the fast-paced real estate market, opportunities can be fleeting, and we aim to prevent financial constraints from hindering your progress.

Nationwide Service with a Focus on Key Metropolitan Areas

Our Bridge Loans are available nationwide, extending beyond geographical boundaries to serve your needs wherever you are. We proudly support developers and investors in Pennsylvania, New Jersey, Delaware, and surrounding regions. Additionally, our services are robust in major metropolitan areas, including Houston, Texas; Philadelphia, Pennsylvania; Sarasota, Florida; Seattle, Washington; Tampa, Florida; Charlotte, North Carolina; and Clearwater, Florida.

Your Partner in Real Estate Success

Empower yourself to confidently navigate the ever-evolving real estate market with Turning Point Lending’s Bridge Loans. Whether working on a current project or eyeing your next investment, we provide the financial bridge to elevate your real estate endeavors. Your journey toward success begins here, and we are committed to helping you script your real estate success story, no matter where you are.

Transform your real estate vision into reality with Turning Point Lending. Contact us today to discover how our Bridge Loans can support your ambitions and drive your projects to new heights.

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