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Updated over 7 years ago,

User Stats

400
Posts
432
Votes
Scott Hollister
  • Rental Property Investor
  • Connecticut
432
Votes |
400
Posts

Goldman Sachs is getting into the Fix-and-Flip Game

Scott Hollister
  • Rental Property Investor
  • Connecticut
Posted

What does it mean when Goldman Sachs is getting into fix-and-flip loans? 

  • They are buying Genesis Capital ("Who issued $1 Billion in loans last year, up from $50 million in 2013")
  • The article went to say that bigger institutions are taking note. Wells Fargo and JPMorgan Chase extended credit lines to fix-and-flips lenders. Has anyone used or heard of this? 
  • Will we see tighter guidelines with Genesis on their lending criteria due to acquisition by a "Wall Street Giant"? 

Orignial article

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