Fix & Flip Loan Benefits to Investors

MMTC Staff Loan and Experience

MMTC has a seasoned staff of professional loan officers and processors to assist you. We have an accessible and experienced draw department to assist with the improvement escrow draws and complete your draw requests in a timely manner. Many of our executives and employees have been with the Company for over 10 years. The Company is a premier fix-and-flip lender with a strong history and reputation of pleasing our customers.

Property Types

We finance a variety of 1 to 4 unit property types and conditions, including but not limited to: bank owned properties, wholesaled properties, HUD foreclosures, short sales, auctioned properties, and more.

Fast Approvals and Closings

We provide quick pre-approvals (typically within 24 to 48 hours) and quick closings (typically within one week, sometimes less). Many of our investors have secured and closed on contracts due to our speed that allowed them to competeĀ against other investor'sĀ "all cash" contracts.

Improvement Funds

We lend not only towards the purchase price of the property, but we also lend a percentage towards the repairs as well so that you don't have to come out of pocket with all of the repair funds.

Competitive Pricing

Our rates and fees are cheaper than many fix-and-flip lenders.

Down Payment Flexibility

We do not require that funds for down payment be seasoned and may allow gifted funds.

100% Financing using Cross Collateral or Down Payment Reserve

If there is sufficient equity in another residential property that you already own, it may be possible to cross-collateralize to cover the down payment. 100% financing also possible through a Down Payment Reserve Account where the down payment is held by MMTC as separate collateral and the loan is made for 100% of costs (ask your loan specialist for details).

Borrower Flexibility

Properties may be titled in entities, such as limited liability companies (LLC's), corporations, or partnerships. No limit on the number of investment properties already owned by the investor.

No Prepayment Penalties

There are no prepayment penalties on our fix-and-flip loans.

Partial Releases

We allow partial releases on projects with more than one unit (i.e., duplexes, triplexes, four-plexes.)

Repeat Borrowers

Although Borrowers must qualify for each loan that is submitted, we retain our files for repeat borrowers so if you are doing business with MMTC regularly, we only need to obtain relevant updates for new applications.

Also see our Fix and Flip Example, Terms, and Application links.

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