{"id":960,"date":"2016-01-26T15:02:40","date_gmt":"2016-01-26T22:02:40","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=960"},"modified":"2016-01-26T15:02:40","modified_gmt":"2016-01-26T22:02:40","slug":"special-quick-flip-loan-program","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=960","title":{"rendered":"Special quick flip loan program"},"content":{"rendered":"

Clay Sparkman<\/em>
\nIt seems that quick flips are becoming quite common again, with the regular small time investor. This is a favorite niche of ours. We particularly like to make these loans happen.
\nAs you probably know, we work with a lot of people who are doing quick flip properties\/projects. That means: buying low, generally fixing up (though not always), and then selling fast, at a fair price, for a nifty profit.
\nUntil now, we have made many such loans, and we have done so as follows: 5 points, 12-13% interest (on most loans), a one year term, and with no pre-payment penalties.
\nLately we have had borrowers asking if we could offer a 6 month term with a lower up-front cost. The idea being that these folks could get in and out in six months or less\u2014and thus save money on the cost of capital.
\nWell, we finally have an answer to that. We are presently offering the following program:
\nSix Month Quick Flip Loan<\/p>\n