Our Products
Underwriting
Asset-based underwriting. Loans are based on current value or after repair value (ARV). No credit checks. No background checks.
Term
All loans are 12 months, with options available to extend.
Lien Position
Spindrift takes first position for all mortgages
Rates
Competitive rates dependent on your asset. Apply now to get a quote!
Payments
Interest only-installments due on the 1st of each month.
Transparent Fees
No surprise fees. Our terms are clearly communicated and documented through the term sheet.
Fix and Flip Loans
This financing solution is tailored for real estate investors looking to acquire, renovate, and sell properties for profit. These loans are designed to provide fast funding for purchasing distressed properties and covering renovation costs, allowing investors to quickly transform properties and capitalize on market opportunities. With flexible terms and quick approval, fix and flip loans enable investors to act swiftly in competitive markets, ensuring they can complete projects on time and maximize returns. This financing option is ideal for those with renovation experience who need efficient, reliable funding to grow their real estate portfolios.
Bridge Loans
Short-term financing solution designed to help real estate investors quickly secure funds when transitioning between properties. Often used when purchasing a new property before selling an existing one, bridge loans offer fast, flexible funding to cover the gap in financing. With a quick approval process and minimal requirements, bridge loans allow investors to seize opportunities without delays, making them ideal for situations where traditional financing may take too long.
Construction Loans
These loans provide the necessary capital for land acquisition, construction costs, and project development, with disbursements made in stages as the project progresses. With flexible terms and quick approval, construction loans allow builders and developers to complete projects on time and within budget. Ideal for real estate professionals, these loans are a vital tool for turning plans into reality, whether you’re building a new home, multi-family unit, or commercial space.
Cash Out Refinance
This strategic option that allows homeowners or real estate investors to access the equity in their property by refinancing their existing mortgage for a larger loan amount. The difference between the old and new loan is provided as cash, which can be used for renovations, debt consolidation, or other financial needs. With quick approval and flexible terms, a cash-out refinance through Spindrift offers fast access to funds, making it an ideal solution for investors looking to unlock the value in their property without selling.
Fix and Flip Loans
This financing solution is tailored for real estate investors looking to acquire, renovate, and sell properties for profit. These loans are designed to provide fast funding for purchasing distressed properties and covering renovation costs, allowing investors to quickly transform properties and capitalize on market opportunities. With flexible terms and quick approval, fix and flip loans enable investors to act swiftly in competitive markets, ensuring they can complete projects on time and maximize returns. This financing option is ideal for those with renovation experience who need efficient, reliable funding to grow their real estate portfolios.
Bridge Loans
Short-term financing solution designed to help real estate investors quickly secure funds when transitioning between properties. Often used when purchasing a new property before selling an existing one, bridge loans offer fast, flexible funding to cover the gap in financing. With a quick approval process and minimal requirements, bridge loans allow investors to seize opportunities without delays, making them ideal for situations where traditional financing may take too long.
Construction Loans
These loans provide the necessary capital for land acquisition, construction costs, and project development, with disbursements made in stages as the project progresses. With flexible terms and quick approval, construction loans allow builders and developers to complete projects on time and within budget. Ideal for real estate professionals, these loans are a vital tool for turning plans into reality, whether you’re building a new home, multi-family unit, or commercial space.
Cash Out Refinance
This strategic option that allows homeowners or real estate investors to access the equity in their property by refinancing their existing mortgage for a larger loan amount. The difference between the old and new loan is provided as cash, which can be used for renovations, debt consolidation, or other financial needs. With quick approval and flexible terms, a cash-out refinance through Spindrift offers fast access to funds, making it an ideal solution for investors looking to unlock the value in their property without selling.