Clovis, California (PRWEB) December 10, 2013
ZINC Financial, a leading private money lender in the California marketplace, has decided to extend its holiday promotional rates through the end of December. At the beginning of November, the company announced that new customers could take out a fix & flip loan any time during that month with a .50% reduction in the interest rate. Likewise, returning customers could take out a house flipping loan with a 1.4% interest rate reduction. Today, ZINC Financial is pleased to extend this offer through the end of year.
"Our wonderful clients have made this a great year at ZINC Financial," commented Amber Castro, Vice President of Business Development. "We try to foster mutually beneficial relationships with our clients, and 2013 was a particularly successful year for our team and all of the people that we have worked with."
Castro said that the promotional rates are ZINC Financial's way of saying "thank you" to their loyal clients. "We also want to get the word out that it is still an excellent time to invest in fix and flip properties," Castro added. "Whether you're new to the market or an experienced house flipper, our lowered rates are helping all sorts of investors make excellent returns."
The house flipping market has tapered in recent months as the real estate market has slowed down going into winter. In October, home sales declined 4.4% from the same month last year, the LA Times reports. However, this slight decline is not actually a bad sign. In fact, experts are sighing with relief because this slight slow-down is a sign that the California housing market is stabilizing.
The main reasons for the decrease in sales is the shrinking number of foreclosed and distressed homes on the market and the fact that home sales always slow down during the winter months. The same LA Times article reports that when distressed and foreclosed homes are removed from the sales numbers, sales this October are actually up a whopping 32% over last year.
"It's true that there are less foreclosed homes for flippers to buy, but the steadily improving economy and still low inventory of homes in California are still creating exceptional opportunities for profit," Castro said. USA Today recently reported that four of the five best markets for house flipping are in California: Los Angeles/Long Beach, Oxnard, San Francisco/Oakland, and San Jose/Sunnyvale. The only exception was Ocean City, NJ.
Castro pointed out that the winter months are actually an ideal time for house flippers to look for investment properties because prices are lower and so is competition. "A home purchased in winter and sold in the summer will almost always have a higher ROI than a home bought in summer and sold in winter. That's why we encourage our clients to stay active in their investments through the winter. It's also our team takes so few days off over the holiday season. We want to be as available as possible to our clients over the winter months as we know the opportunities are endless."
Holiday Promotional Rate Details and Terms
Any ZINC Financial client who takes out a new fix and flip loan between now and December 30, 2013, will receive a discounted interest rate on their loan. Returning clients who have taken out a fix and flip loan between January 1, 2013 and October 31, 2013 qualify for the "loyal client" reduction of 1.4% off. Clients who are new to ZINC Financial are eligible for a .50% reduction. Clients who have taken out a ZINC Financial loan in years past will receive a "welcome back" reduction of .50%.
About ZINC Financial
ZINC Financial provides reliable rehab financing to qualified property investors throughout the state California. Known for offering exceptional service and some the fastest processing times available, ZINC Financial has helped countless clients achieve their property investment goals. ZINC Financial offers real estate rehab loans as well as buy and hold loans to experienced investors and house flippers. The team at ZINC provides clients with the advice and resources that they need in order to achieve maximum ROI.
Partnering with ZINC Financial gives clients the buying power to move quickly and effectively in the ever-changing housing market. With ZINC, investors can get the necessary cash to invest in multiple properties, finish jobs sooner, and achieve greater returns. To learn more about the services and rates offered by ZINC Financial, contact the company today by visiting ZINCFinancial.net or calling (559) 326-2509.