Fix & Flip Loans in Wisconsin

Best Fix & Flip Financing Wisconsin

Wisconsin continues to be a promising market for real estate investors, particularly those interested in fix and flip projects. According to ATTOM Data, over five percent of the state’s home sales in 2023 were fix and flips. The state’s real estate landscape features a dynamic mix of urban and suburban properties that attract a diverse range of home buyers, contributing to strong demand and favorable returns on investment. Based on the high demand for housing and high gross ROI, the ten best cities in the state of Wisconsin for fix and flips are statistically Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Oshkosh, Wausau, Janesville, and Fond du Lac.

Due to the competitive real estate market in here, ABL is committed to delivering the best loans for flipping houses by providing flexible underwriting and closing deals in 10 days or less to make sure you never miss an investment opportunity.

Fix & Flip Loan or Conventional Mortgage?

When buying a residential property to rehab and flip, selecting the right house flipping loan is crucial for project efficiency and speed. Investors commonly choose between conventional mortgages and FHA-backed 203(k) loans to fund both the purchase and renovation of the property. However, these loans are generally intended for owner-occupied homes, which means they place a strong emphasis on credit scores and the borrower’s ability to make long-term payments. Consequently, the underwriting process for these loans can be slow, taking up to several months. To streamline your house flipping project and avoid delays, explore specialized loan options designed specifically for real estate investors.

Hard money fix and flip loans are a top choice for fix and flip projects, offering fast approval—sometimes within 48 hours—based on the project’s potential rather than credit scores. These short-term loans provide a lump sum for buying the property and periodic draws for renovations. Unlike conventional mortgages, hard money loans often have higher interest rates and larger down payments but come with no penalties for early repayment. This allows investors to complete their fix and flip projects quickly and efficiently. For quick and flexible financing solutions, hard money loans are an excellent option for real estate investors.

Benefits of Hard Money Loans

Are you wondering how to get financing to flip a house? With several loan options available, it’s important to highlight the advantages of borrowing from a hard money lender to help you make an informed decision. Each real estate investment is different, so choosing the right loan can save you time, money, and headaches. If you’re interested in fix and flip financing, then hard money loans can offer you fast loan approval. Approval time can make the difference between funding your next success or missing an opportunity. Traditional loans can take up to several months, but hard money loans can take days! Hard money loans are flexible with credit scores and W-2 income by taking your property and plan of action into account, where bank loans are strict about the numbers they will accept.

Hard money loans typically have shorter loan terms, lasting 12 months with no early payoff penalty. The draw money is accessible quickly, as fast as three days from the time its requested, which helps avoid project delays. The flexible underwriting and steady access to funding allows investors to scale their business effectively and efficiently. Banks tend to avoid complicated renovation projects and private money lenders can get cold feet, so hard money lenders for flipping houses like Asset Based Lending are a reliable and affordable option.

Why Do Investors Choose Asset Based Lending for the Best Fix & Flip Loans in WI?

Our hard money loans offer the reliability of an institution with the speed and flexibility of a private money lender. We understand how much time and effort these projects take, so we work tirelessly to provide the highest quality service and advice to our borrowers. Our team of experts are always ready to discuss your project and determine your best course of action, which is why we have so many repeat borrowers!

We customize each loan to match your project, but every ABL loan includes:

• Preapproval within 24 hours of initial prequalification
• Closing within 10 days on average
• Flexible loans sizes from $75K to $10M
• No pre-payment penalties
• Fast draw turnaround
• Direct access to the decision-makers

With our competitive rates and knowledge of the local real estate market, we can help tailor fix and flip hard money loans that best suits your business.

When you are a serious real estate investor, you need fix and flip lenders that work as hard as you do. Contact us today and experience why Asset Based Lending is the best hard money lender.