The Risks of Fix & Flip Lending

We watch for red flags so you don’t have to.

When you are a lender in the residential fix and flip space, you get a lot of borrowers giving you details about the project they want you to fund. They tell you it is below market, an off market deal, a quick flip, only needs paint and carpet, a little TLC and it will sell for double.

Using CFSI Loan Management for all your construction back office needs helps you with vetting the contractor, ensuring the budget/project is feasible, and providing accurate and timely inspections to make sure your projects get completed on time and on budget. Don’t start with a bad project; you can’t recover from it.

Originate more loans and let us deal with the details associated with the project. If it sounds too good to be true, it is! Use CFSI for all of your construction loan management needs across the US. Call us today at 855-344-2374 and see how we protect our clients from doing bad construction projects.

By |2018-07-11T19:26:59+00:00July 9th, 2018|Uncategorized|