Erba Finance can assist Flippers, Renovators and Investors
Erba Finance offers tailored solutions to flippers, renovators, and investors, helping them maximise their returns and streamline their projects. For property flippers, Erba Finance provides access to short-term loans with competitive interest rates, ensuring they have the capital needed to purchase, renovate, and quickly sell properties for profit. Our team of experts understands the fast-paced nature of flipping and works diligently to provide swift loan approvals and flexible repayment options, allowing clients to focus on their projects without financial stress.
Renovators and property investors can also benefit from Erba Finance’s comprehensive range of services. We offer customised loan packages designed to suit the unique needs of each project, whether it’s a small-scale renovation or a large investment property acquisition. Our experienced advisors are on hand to guide clients through the complexities of property finance, providing insights and strategies to optimise their investment potential. By partnering with Erba Finance, renovators and investors can access the financial support and expertise needed to achieve their property goals efficiently and effectively.
A Great Example
Here is one solution and can settle within 2 weeks or less if all documents and valuations in place.
For one flipper’s scenario of $1mil, here is one possible solution from our range of lenders $1 Mil valuation80% peak debt$752,329 in hand8.24% interest = $32,960$18,705 fees for Val of $1mil = 2.49%$51,665 for total fees & interest = 6.8667% interest over 6 months.11.762% interest over 12 months. This combination is much cheaper to use the lender to do the majority of borrowing. MONEY PARTNER for deposit and reno costs at 15% – 25% – 30% LENDER for majority of purchase6.8667% total interest and fees over 6 months11.7627% total interest and fees over 12 months
Not everyone has 400K, 600K, $1MIL to give as a money partner. They probably also don’t want to put all their money into the one project for risk mitigation. It is much faster to do a combination by getting enough for the deposit plus a lender.*Lender rates, numbers and policies subject to change without notification.
Another Great Example
Big Congrats to Dee and Timmy!Flew out just after Xmas and completed late Jan, got an offer beyond their expectations 2 weeks after and about to settle in 2 weeks in mid March!
Dee bought well when a young couple couldn’t get finance and we were able to quote and arrange quickly for them.
Dee is not working and Timmy works in the building industry.They had maxed out their capacity with their PPR. These loans did not need serviceability.
We extracted equity from their PPR using a second mortgage and got 70% LVR on their new purchase.
Purchase price $420kResale price after reno was $720k.Reno costs were not huge as the kitchen was already renovated. Lots of work pulling apart bird cages!
Well done Dee and Timmy! Dee already has her eyes set on another one.
28 Newton Street, Wulguru, Qld 4811 https:
