As Heard on Joe Fairless’ Best Ever Real Estate Advice Podcast

Why Your Rate Shouldn’t Be The Only Point of Interest

 

Discover how a higher interest rate could actually deliver a lower cost for your fix & flip loan

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How Your Lender Charges Interest Can Make All the Difference

Whole Loan Payments

Some lenders charge interest on the whole loan amount, even when that amount may not be accessible to the borrower.

Interest Only Payments

Other lenders may charge interest only on the funds that have been disbursed over the course of the draw schedule.

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Fill out the form above to download our white paper and find out more about how these two payment methods can affect your investment strategy.

Funding for Fix & Flips, Rental Properties, & Commercial Projects

At Patch of Land, we can fund your first loan in as little as 7 days. Whether you're looking for capital for a Fix & Flip, Rental, or Commercial property, we have a loan program to meet your needs. Once you've funded your first loan, faster approval times and more financing options can make the process even easier for future loans.

 

Fix & Flip Loan Program

Rental Loan Program

Commercial Loan Program

Project Type Single Family Residential
2-4 Unit Residences
Condominiums
Townhomes
Multi-Family Apartments
Mixed Use Buildings
(min. 50% residential)
Small Commercial
Single Family Residential
2-4 Unit Residences
Condominiums
Townhomes
Apartments
Single-Use
Office
Light Industrial/Warehouse
Retail
Loan Amount $100,000 to $3,000,000+ $100,000–$3,000,000+ $250,000–$3,000,000+
Loan to Value (LTV) Up to 85% Up to 75% Up to 70%
Rent Coverage Ratio Not Applicable 1.25x 1.1x
Loan Term 12 Months
(No Prepayment Penalty)
24 Months
(With 1 Year Extension Option)
12 Months
(No Prepayment Penalty)
Interest Rate From 7.5% From 7.5% From 8.99%
Interest Payments Only on Funds Disbursed Only on Funds Disbursed Only on Funds Disbursed
Rehab Financing 100% N/A 100%
Proceed Usage Purchase, Refinance, Renovation, Bridge, Cashout Purchase, Refinance, Bridge, Cashout Purchase, Refinance, Renovation, Bridge
       
 

Fix & Flip Loan Program

Project Type Single Family Residential
2-4 Unit Residences
Condominiums
Townhomes
Multi-Family Apartments
Mixed Use Buildings
(min. 50% residential)
Small Commercial
Loan Amount $100,000 to $3,000,000+
Loan to Value (LTV) Up to 85%
Rent Coverage Ratio Not Applicable
Loan Term 12 Months
(No Prepayment Penalty)
Interest Rate From 7.5%
Interest Payments Only on Funds Disbursed
Rehab Financing 100%
Proceed Usage Purchase, Refinance, Renovation, Bridge, Cashout
   
 

Rental Loan Program

Project Type Single Family Residential
2-4 Unit Residences
Condominiums
Townhomes
Loan Amount $100,000–$3,000,000+
Loan to Value (LTV) Up to 75%
Rent Coverage Ratio 1.25x
Loan Term 24 Months
(With 1 Year Extension Option)
Interest Rate From 7.5%
Interest Payments Only on Funds Disbursed
Rehab Financing N/A
Proceed Usage Purchase, Refinance, Bridge, Cashout
   
 

Commercial Loan Program

Project Type Apartments
Single-Use
Office
Light Industrial/Warehouse
Retail
Loan Amount $250,000–$3,000,000+
Loan to Value (LTV) Up to 70%
Rent Coverage Ratio 1.1x
Loan Term 12 Months
(No Prepayment Penalty)
Interest Rate From 8.99%
Interest Payments Only on Funds Disbursed
Rehab Financing 100%
Proceed Usage Purchase, Refinance, Renovation, Bridge
   

SPECIALIZING IN:
Fix & Flip » Buy & Hold » Refi » Cashout

Fix & Flip, Rental, & Commercial Loans

Fast Funding in as Little as 7 Days

Nationwide Lending Across 44 States

Leverage Up to 85% at Rates from 7.5%

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