One of the things that we as hard money mortgage brokers can provide is various pricing options for our house flipping clients through numerous different lenders. Some clients prefer low upfront costs with a high interest rate like this one. While others like higher upfront costs and lower monthly payments. This example of a hard money fix and flip financing loan in Pleasanton California is a great example of the former with low upfront costs with a higher monthly payment.
One of our hard money lending investment funds, or trust deed investors, gives us as the broker, the option to structure loans in a way that suits our borrower client’s preference. Instead of taking an upfront origination fee, we the broker, can get paid on the monthly payment stream. This helps us secure financing for our clients who might be weighing our offer versus other available lending options.
We find the pricing flexibility helpful when experienced house flipping clients are looking for various ways to maintain their return on investment at this point in the housing cycle.
Hard Money Fix and Flip Financing Terms:
- $423,000 Loan Amount
- 1 Point Origination Fee
- 12-Month Term
- No Prepayment Penalty