Fix and Flip Loan

The Fix and Flip Loan provides the investor with up to 90% LTC on purchase money and up to 100% of the rehab budget. The combined amounts cannot exceed 75% of the after-repaired-value. All non-owner occupied residential property types are eligible. The loan term is for 12 months (extensions available) with no prepayment penalty. This is the goto fix and flip or fix and hold loan. Fund within 2-3 weeks of receiving a Conditional Approval.

 

Key Points

Minimum Mid-FICO 600

Same Day Conditional Approval

Verification of Liquidity: Downpayment, Reserves, Closing Costs, Etc…

No Experience Required

Quick Close Available

 

 

Terms

$100,000 - $15 million+

Purchase LTC: up to 90% financed

Rehab Budget: up to 100% financed

ARV: 75% max.

Interest: from 7.00%*

Rate: Fixed

Term: up to 18 Months

Amort: Interest Only

DSCR: N/A

No Prepayment Penalty

 

 

Purpose

Purchase and Renovation

Refinance and Renovation

 

 

Collateral

PUD

Single Family Residence

Townhome

Duplex

Triplex

Quadruplex

 

 

*Interest Rate dependent upon credit profile, loan amount and experience.