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Fix And Flip Loans / REO And Distressed Property Loans FAQ

10 items

  • Can a property have pending red tags or other code violations?

    Yes, we fully understand open issues with city and county permits and building code issues.

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  • What is the maximum loan amount you will offer?

    Our loan amounts for rehab projects range from $30,000 to $3,000,000 per transaction.

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  • How long is the term of a fix and flip loan?

    Our terms are typically based on a one-year balloon payment, but we understand the delays in getting permits, materials, tenant evictions, etc. so we can make exceptions up to a two year balloon.

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  • Does my credit and income matter?

    Not usually, we are more focused on the project, expected take out price, cost of construction and funds to complete the project. We have over 20 years of construction and rehab experience, so we are aware of the pitfalls and costs associated with most projects.

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  • Do you offer pre-approvals so I can make offers?

    Yes, we provide full approval letters to go along with your offer.

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  • Can I use another property that has equity for my down payment?

    Yes, we can cross collateralize using another property that has substantial equity.

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  • Do you value the property on the purchase price or actual value?

    HCS Equity bases our loan amount on the actual value of the property in its current condition. If you are able to secure a below market purchase price on the property, we will base our loan amount on the actual fair market value.

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  • How much capital do I have to put down?

    HCS Equity is looking for seasoned investors that have a minimum of 35% to put down. Additionally, you must be able to provide proof of the funds for the rehab costs.

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  • Can I borrow funds for the actual rehab of the property?

    No, HCS offers purchase loans based on the current “as-is” value of the property.

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  • Can the rehab loan be paid off anytime?

    Yes, there are no prepayment penalties on rehab loan offered by HCS Equity. The property can be refinanced into a conventional loan or sold as quickly as you are able.

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(877) 427-9820 ‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
info@hcsequity.com
7412 Cypress Lane Carmel, CA 93923

HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property. Known for providing quick and low cost capital.

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