Non owner-occupied properties such as single-family residences, manufactured homes, 2-4 unit dwellings, condos, and Planned Unit Developments (PUD)'s, and more, offering a broad spectrum of investment opportunities.
Using your own cash or home equity to purchase a property, restore your original cash position within 6 months of the property purchase.
From new investors to seasoned professionals, LendEdge is invested in your growth and wants to help you fulfill your dreams of building wealth through real estate.
Fix and flip loans are short term private money loans taken by real estate investors for the purpose of rehabbing or “flipping” a property to resell it.
Ryan is a real estate investor who finds a distressed property in Atlanta, GA, listed for $200,000 with the potential to sell for $350,000 after renovations. To fund the purchase and rehab, he secures a fix & flip loan from Pinnacle Lending Group with 85% of the purchase price and 100% of the renovation costs covered, bringing the total loan to $250,000. With a 12-month term, interest-only payments at 10%, and a 2% origination fee, Ryan can complete the renovations, list the property, and sell it for a profit. Once sold, he repays the loan and moves on to his next investment.
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