What is the closing time for Fix and Flip Loans?
Closing time for Fix and Flip Loans is 5-7 business days.
Do you require any appraisal for Fix and Flip loans?
Yes, full appraisal will be required including the interior.
Do your Fix & Flip loans require any income or asset verification?
No, we offer asset-based loans so for our Fix and Flip funding we will not ask you to verify your income or assets.
What will you need to verify my experience?
You need to submit your HUD or Deeds before applying for our fix and flip loan program.
What are your closing fees?
Our closing fees include legal fee, documentation fee, background and criminal fee.
Do you require personal guarantees for fix and flip loans?
Yes, personal guarantees are required.
Do Accolend lends to LLC?
Yes, we lend to LLC.
Do Accolend work with brokers?
Yes, we are open to work brokers.
What will be the prepayment penalties?
There is no prepayment penalties for loans with points. For no point loan programs minimum term is 6 months.
Do you offer Fix and Flip Loans for beginners?
Yes, we have loan programs for 1st time investors or for investors with 1-2 deals experience.
Are you a direct lender?
Yes, we are direct lender. We close in our name, we will work with you on draw funding, we will assist with extensions and payoff letters.
What are the other loans programs that you offer?
We have Bridge Loan Mortgage, Ground Up Construction and Rental Loan programs.
What differentiates you from the other Fix and Flip Lenders?
No points programs, low rates, great customer service, smooth execution and pragmatic underwriting.