(Newswire.net — July 9, 2019) — Tampa, FL — Tampa commercial mortgage broker Westshore Mortgage & Investments has launched its fix & flip funding programs for investors. These programs cover 90 percent of the purchase price and up to 100 percent of the renovation costs of abandoned or dilapidated investment properties.
Tampa commercial mortgage broker Westshore Mortgage & Investments announced the launch of a short-term fix & flip funding program. The program is designed for Florida investors and buyers seeking to renovate, improve, and sell properties in the Tampa Bay market.
More information about Westshore Mortgage & Investments is available at https://westshoremortgage.com
The Tampa rehab loan broker introduces attractive fix & flip loan products at the crest of a house flipping trend in the region. The Tampa Bay Times and ABC Action News report that Tampa Bay has one of the highest flipping rates in the country. Fix and flip programs have resulted in the reclamation of several abandoned and dilapidated neighborhoods, improving overall property values in the region.
The new fix & flip programs from Westshore Mortgage & Investments feature funding for up to 90 percent of the purchase price and up to 100 percent of the rehab cost of Florida investment properties. These high funding amounts give investors the flexibility to renovate larger residential properties that would otherwise be condemned or fall to ruin.
The introduction of these programs coincides with a growing need for high-quality housing in and around Tampa. Westshore Mortgage & Investments reports that many of its clients are return borrowers and investors who repair and renovate properties for a significant ROI. The brokerage offers programs with a minimum funding of $75,000.
Westshore Mortgage & Investments fix & flip loans require no minimum credit score and no income qualification and carry no lender commitment or due diligence fees. Properties that have previous foreclosure, bankruptcy, or short sale records are also eligible for financing under this program.
Eligible properties include single family residential investment properties, 2-4 family units, condos and townhomes.
According to a spokesperson for the Tampa Bay fix & flip loan company, “Florida’s flourishing market in Tampa benefits from well-structured, investor-friendly investment property rehab loans. We are excited to work with investors and borrowers who are looking to meet market demand by renovating high-value properties in the region.”
Westshore Mortgage & Investments is a full-service commercial mortgage broker specializing in hard money bridge loans, small business loans, unsecured business loans, credit lines, and rehab funding.
More information is available by calling 813-749-6953 or by visiting the URL above.