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The principals of Avalon have been in the real estate investment business for over thirty-five years. The experience of working through several cycles has afforded Avalon the ability to develop strategies that challenge common tactile real estate investment methods and allow us to create value through our own transactional methods. We didn’t design this program to make thousands of dollars. We designed it to make millions. Terms and conditions subject to change without notice. The following are resources used to make good deals happen.
A critical service Avalon provides is funding assistance for our Acquisition Partners. We have our finger on the pulse of the most aggressive private lenders in each market we canvass. And there may be times where we will opt to provide in-house funding on the most premium deals that we select for our Acquisition Partners. Partners may opt for their own funding resources as well.
BRIDGE FUNDING: A Bridge loan is short-term loan or financing used until a person or company can secure permanent financing or pays off an existing obligation.
GAP FUNDING: Gap funding for real estate investors closes the “gap” left between what a hard money lender covers and what your investing project costs.
A typical hard money loan only covers 70% to 80% of the purchase price of a property. That leaves you to come up with the other 20% to 30% as a down payment, plus closing costs. And while most hard money lenders do provide 100% of the renovation costs, they require you to put up the money for each phase of repairs first, then they reimburse you in draws.
In other words, you need tens of thousands of your own money to flip a house or do a BRRR deal—unless you borrow from a second source for real estate gap funding.
Transactional loans are extremely short-term loans (ie. 1-5 days) that afford an otherwise qualified end user borrower the ability to purchase an acquisition outright provided there is a third party or entity ready to purchase the acquisition from that borrower. These loans typically have no upfront or additional fees and involve no appraisals or credit checks. Fees for this service may vary, but they are usually from 1-3 transaction points. Most lenders will only charge one point for loans less than two days.
A Bridge loan is short-term loan or financing used until a person or company can secure permanent financing or pays off an existing obligation.
Gap funding for real estate investors closes the “gap” left between what a hard money lender covers and what your investing project costs.
A typical hard money loan only covers 70% to 80% of the purchase price of a property. That leaves you to come up with the other 20% to 30% as a down payment, plus closing costs. And while most hard money lenders do provide 100% of the renovation costs, they require you to put up the money for each phase of repairs first, then they reimburse you in draws.
In other words, you need tens of thousands of your own money to flip a house or do a BRRR deal—unless you borrow from a second source for real estate gap funding.