Fix and Flip Financing Solutions in Salt Lake City, UT 

Property flippers in Salt Lake City, UT are finding a growing number of opportunities in every neighborhood and district. From Arcadia Heights and Yalecrest to Sugar House, the university district, and every other location in Salt Lake City, fix and flip projects are revitalizing communities while attracting new homebuyers and renters. At Summit Commercial Capital, we specialize in fix and flip financing solutions for properties in Salt Lake City, UT. We understand the challenges facing property flippers. Lenders are tightening credit and collateral requirements, making it more difficult to secure the financing necessary to purchase and renovate properties in the Salt Lake City area. For these reasons and more, Summit Commercial Capital is committed to providing accessible financing for local property flippers, whether they are taking on their first fix and flip project or managing multiple properties at once.

Fix and Flip Lines of Credit

Summit Commercial Capital provides fix and flip lines of credit to borrowers who need flexible financing for single or multiple properties in Salt Lake City, UT. Fix and flip lines of credit from Summit Commercial Capital are designed with local property markets in mind so we can offer the financing property flippers need to ensure success at every step of their projects. We can tailor our fix and flip lines of credit to cover the size and scope of any project, whether you are renovating a single property or an entire portfolio. Fix and flip lines of credit from Summit Commercial Capital offer a wide range of benefits, including:

• Lines of credit available for 1 to 500+ properties
• Financing amounts ranging from $500,000 up to $5 million
• Up to 90% of cost for property purchases
• Up to 95% of cost for rehab and renovations
• Terms from 12 up to 24 months
• Fast closings within 18 days
• Low fixed interest rates starting at 7.49%
• Origination fees as low as 2%

Fix and Flip Loans for Projects in Salt Lake City, UT

Summit Commercial Capital also offers fix and flip loans for residential properties in Salt Lake City, UT. Our fix and flip loans feature fast closings, so property flippers can get access to the funding they need and keep their projects on track. We can scale our fix and flip loans to fit the needs of all property flippers, from first-time projects to seasoned pros taking on large renovations. Fix and flip loans from Summit Commercial Capital feature:

• Financing amounts ranging from $50,000 up to $20 million
• Up to 90% of cost for property purchases
• Up to 100% of cost for rehab and renovations
• Up to 75% of After Repair Value (ARV)
• Terms up to 24 months
• Fast closings within 14 days
• Interest only payments
• 15% down payment
• Origination fees as low as 2%
• Low interest rates starting at 5.99%
• No prepayment penalties
• No experience necessary
• Credit score 600+

Eligible Property Types for Fix and Flip Financing

Summit Commercial Capital offers fix and flip financing solutions for property type such as:

• Condominiums
• Single-family
• Multifamily
• Townhomes

Get Started Today

If you are lining up fix and flip projects in Salt Lake City, or if you need extra financing to keep your projects moving, contact the experts at Summit Commercial Capital today.