Bad Credit Fix & Flip Loans

We look at the asset not your credit

Are you tired of banks turning you away because of your credit? Well, you’ve come to the right place because COGO Capital lends based on the asset, NOT your credit! We specialize in fix and flip loans and as long as your deal follows our lending criteria we can get you the cash you need to be successful.

Instead of talking to traditional lenders for your next fix and flip deal come to Cogo Capital, The Private Money Company.

Start your application today and get cash in as little as a week!

How asset based lending works

If you’ve ever applied for a traditional bank loan you know it can be a long and arduous process. You may be asked for bank statements, balance sheets, profit and loss statements, tax returns, credit reports and more. This makes sense, the bank wants to ensure that the person they lend to will be able to pay back the loan but is there a better option for real estate investors?

We, at COGO Capital, take an entirely different approach to underwriting our loans. We use the investment property itself as collateral after a thorough review of the deal. No longer is your bad credit history a road block to your financial freedom!

We lend up to 65% of the property’s after repair value (ARV) which is often times more than enough to fund the purchase price and rehab! Submit an application today and get funding in as little as a week!

How to find real estate deals that attract monet

If you have bad or no credit and need funding for your real estate deals you’re in luck! Private money lenders like Cogo Capital look at the asset’s potential rather than the borrower’s credit worthiness in determining . That’s good news for you because it means if you find a smart deal you won’t have to worry about your credit holding you back from getting the funding you need. Keep reading to learn what kind of real estate deals have the most potential for BIG PROFITS:

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• Retail Value Under FHA Cap: Properties valued at or below the local FHA cap sell faster and experience less fluctuation than homes above the cap.

• Commercial Real Estate Loan: The commercial real estate loan is similar to a conventional bank loan except it’s designed for business entities that are purchasing a property to lease or rent out rather than independent home buyers. Typically, lenders issuing a commercial real estate loan want an LTV of around 75% which will require the borrower to make a larger down payment.

• Home Equity Loan: Target 65% ARV: At the end of the day the deal has to have a big enough margin to ensure profitability.

Of course there’s many other aspects of a deal to consider but we’ve found that these three can have the greatest impact on whether or not a loan get’s approved or not. You can check out our full fledged lending criteria by clicking the link below. Happy investing!