The Rise of Residential Transition Loans
Residential transition loans are short-term, business-purpose loans on non-owner-occupied investment property. Why 6-24 month RTL suits boutique capital.

Residential transition loans are short-term, business-purpose loans on non-owner-occupied investment property. Why 6-24 month RTL suits boutique capital.

To get a fix and flip loan, you find a deal that pencils, package the numbers a lender cares about (purchase price, rehab budget, and after-repair value), and submit it to a lender that funds purchase plus rehab in draws. Because these loans are underwritten on the deal rather than your income, a new investor […]