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Capital Ton LLC Launches New Fix and Flip Loan Programs in Tennessee

7Newswire

Nashville, Tennessee – Capital Ton LLC specializes in real estate investment financing and is excited to announce new fix and flip loans in Tennessee tailored specifically for real estate investors.

With a strong commitment to supporting the flourishing house flipping industry in Tennessee, Capital Ton LLC has many financing solutions designed to meet the diverse needs of real estate investors, from seasoned professionals to new investors.

With booming cities like Nashville, Memphis, Knoxville, Chattanooga, and Johnson City, Tennessee presents a golden opportunity for house flippers. The state’s growing economy, combined with an influx of newcomers, makes it a hotspot for real estate investments. Capital Ton LLC is here to ensure investors can access private money lending with ease and confidence.

What are fix and flip loans?

Fix and flip loans are a form of short-term financing available exclusively for real estate investors. These are business purpose loans, so an LLC or INC is required to get approved for these type of loans.

How fast can you close on a fix and flip loan?

In the state of Tennessee, fix and and flip loans can typically close as fast as 2 days, but that depends on the type of loan program, since fix and flip financing has so many options. For example, loans that close as fast as 2 days, typically come with a slightly higher origination fee, which loans that close as fast as 10 days, come with lower origination fees.

What about interest rates?

Interest rates for fix & flip loans are higher, because they’re more risky, than conventional loans you get from traditional banks. Traditional banks or credit unions don’t lend on fix and flips, distressed properties, burned-down homes, tornado damaged homes, etc. They’re uninhabitable, so banks won’t typically lend on these. That’s where real estate investment loans come in.

Minimum credit score?

While there is no minimum credit score for Tennessee fix and flip loans with Capital Ton LLC. Higher credit scores like 740 obviously get lower interest rates. Certain house flipping loan programs have no credit score, while others have a minimum of 660 to get approved. Everything depends on how fast you want to close and your personal situation.

What is the loan to purchase price ratio?

Loan amounts are up to 90% LTC (loan to purchase price) and rehab cost financing is up to 100%. However, like all hard money lenders, loans are capped at 75% of after-repair value.

What is the minimum loan amount?

The minimum loan amount is $75,000.

What are other types of loans does Capital Ton offer?

Capital Ton LLC offers fix and flip loans, rental property loans, short-term bridge loans, cash out refinancing for investment properties, DSCR loans for rentals and hard money loans.