Fix and Flip loan Programs A Fix and Flip Loan, also known as hard money or bridge loan, is a specific type of asset-based loan At Star Rich Funding Group, we work with lenders who specialize in loans for fix-and-flip property opportunities. Call or email us today, and we can get you the best rate quote from one of these preferred lenders! Fix-and-flip loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are seldom issued by commercial banks. Hard money is like a bridge loan, which usually has similar lending criteria and costs to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing. In contrast, hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.
