The fix and flip project that we funded a few months ago has hit the market.

Property Flip Loan funded a $150,000 new construction loan allowing the borrower to refinance the lot that he owned outright in Colonial Beach, VA. The borrower is an experienced electrical contractor who has many years of construction experience. We closed this loan for the borrower quickly with No Appraisal and No Prepayment Penalties. The term of the loan is 8 months; however, construction is expected to be completed sooner at which time the borrower will look to sell 2000 SQFT home. Loan docs were signed and the loan was funded on 9/24/2021.

Property Flip Loan is pleased to announce that it has recently closed an $200,000 loan to help a local real estate investor in Baltimore, MD purchase a SFR which they plan to rehab and sell within the next 12 months (No Prepayment Penalties). Loan terms were very competitive as the borrower has completed many projects in the Baltimore region. The borrower plans to sell the property within the next year.