Fix-and-Flip Loans
In need of short-term financing? We're proud to serve as a leading lender in fix-and-flips loans.
Loan Overview
Secure cash quickly with a fix-and-flip loan.
A great deal comes about when you least expect it. Move quicker than your competition and get the long-term hard money loans you need to fix up property for a hearty return.
This is where Socotra Capital comes in. When it comes to fix-and-hold loans, cash and speed are crucial. As a loan type, fix-and-flip is used exclusively for residential real estate opportunities that you are looking to rehab and sell within a short period of time, typically 6-12 months from the date of purchase.
Loan Benefits
Become a part of our hard money program.
If you’re an investor or flipper interested in buying properties that require all cash or hard money to fix and flip, consider our fix-and-flip hard money program. Fix-and-flip private money loans provide up to 85 percent of the total project cost, which is the purchase price plus the cost of the rehab. These loans have no prepayment penalties, allowing you to sell the property as quickly as possible.
The ultimate goal is for the investor to sell or rent the property under the following three conditions:
- Minimize out-of-pocket expenses as much as possible
- Maximize the market value of the property
- Retain the property for the shortest possible time
Loan Solutions
Get the financial support you need without delay.
Our fix-and-flip loans are here to support you when traditional lending solutions no longer work. We can often provide you with same-day prequalification on our fix-and-flip loan so you have the cash fast to take advantage of opportunities when they arise. If you ever run into a flip project you'd like to keep in your long-term portfolio, let us know! We can work with you once the property is rented and cash is flowing. Talk to our team about our term loan program!
Fix-and-flip loan scenarios we commonly assist with include but are not limited to:
- Short sale purchase and rehab
- REO or bank-owned purchase and rehab
- Refinancing a short-term loan intended as a flip
- Unable to qualify for conventional financing
- Full amortized loans
- Probate loans and multi-property loans
Project Types
Explore property types with our solutions-oriented team.
- Fix-and-flips
- Distressed properties
- Non-arms-length transactions
- Probate sales
- And more!
Loan Amounts
Fix-and-flip loans range from $100K–$20M.
Loan Term
- Interest-only loans
- Partially amortized loans
- Fully amortized loans
Loans Available
- Individuals
- Trusts
- Corporations
- Limited partnerships
- IRAs
Loan Showcase
See Our Loans in Action
A repeat flipper client secured financing for the purchase and renovation of a single-family residence in the Oakland Hills. The project involved converting an unused basement into livable space. With a purchase price of $925,000 and a rehab budget of $219,000, the borrower had challenges obtaining bank financing for the rehab, making Socotra Capital's loan solution a critical asset for the project's success.
- Location: Oakland, CA
- Loan Type: Purchase
- Loan Amount: $858,000
What Our Customers Are Saying
"In my first experience working with Socotra, the team went above and beyond to bring this loan to the closing table. Most importantly, we were able to get the loan closed in less than 30 days. It was a great experience, and Tori Jones—my processor—was a rock star, pulling things together to get this loan to closing."
Anonymous
Borrower
"A great company that you can count on for solid income growth and consistency in performance. The staff always keeps you well informed and responds to customer service questions promptly. I look forward to many years as a client with Socotra Capitol—a company that makes investing fun!"
Anonymous
Borrower
"I’ve been lucky enough to have been working with Socotra for almost 10 years now. They are an incredibly communicative and well-thought-out team. I’ve been exceedingly happy with my investments here, as well as with my returns."
Joan Schubert
Borrower
"I had the pleasure of working with Kerati A., and he really knows his stuff. I most appreciated how available he was to answer questions, execute paperwork, and his close involvement every step of the way. He went above and beyond to ensure I was filled in on the back end and was satisfied with the terms presented."
Abraham Musallam
Borrower
"Socotra Capital provided insights and analysis to help us navigate the transaction, and their expertise and attention to detail were instrumental in getting the deal done on time. In the world of commercial real estate, having a trusted partner throughout the transaction process can make all the difference."
Lenard Vaughn
Borrower
GUIDE
The Borrower’s Guide: Fix-and-Flip Hard Money Loans
Enterprising investors know that with a good eye for opportunity, enough cash, and a little elbow grease, the right property can generate quick profits or long-term passive income. Flipping—which is essentially purchasing a property, improving it, and selling it for a profit—is not a new trend, but it has been on the rise in recent years.
Resources
Read our hard money insights.
