A fix and flip loan is a type of short-term financing used by real estate investors to purchase a property, renovate it, and then sell it for a profit. This type of loan is specifically designed for properties that require repairs or renovations before they can be sold at a higher price.
A construction loan is a specialized financial product designed to provide funding for the construction or renovation of a residential property. Unlike a traditional mortgage that provides a lump-sum payment for an existing home purchase, a construction loan provides financing in stages as the construction project progresses.
A DSCR Loan is a specialized type of financing that focuses on the Debt Service Coverage Ratio. These loans are often used for income-producing properties, such as commercial real estate and investment properties.
A DSCR (Debt Service Coverage Ratio) portfolio loan is a type of loan that is secured by multiple income-producing properties. This loan is specifically designed for real estate investors who own multiple properties and need financing for their portfolio.