FIX AND FLIP LOANS MADE SIMPLE, PRIVATE LENDING DONE RIGHT.
TERMS & RATES
Rates are determined by such factors as experience of the borrower, location, nature of the borrower’s business, and financial strength of the borrower. Loans are typically fixed rate interest only loans.
Loan terms range from 12 to 36 months for flips. Permanent Financing Loans up to 30-Years.
Insula Capital Group will lend up to 90% of purchase price, and 100% of rehab.
Our loans typically have no prepayment penalty. This means you can pay back your loan at any time during the loan term (even the next day after funding) without having to pay any extra fees for finishing your project ahead of schedule.
Loan Origination Fees – Points
The loan origination fee will range from 1% to 4% of the total loan amount as determined on a case by case basis.
Most loans will be guaranteed by the borrower as full recourse.
Loan Payment Reserve
A determination of whether a loan payment reserve is required will be based upon the loan structure and financial strength of the Borrower.