Fix and Flip Line of Credit

The Fix and Flip Line of Credit is a powerful financing option for an experienced real estate investor with a proven track record. Upon approval you will only need a property review per property to close. A property review consist of the following: scope-of-work, property inspection, appraisal, insurance and title work. The credit line provides a streamlined lending process to acquire and renovate multiple properties faster. Access to funds are quick and Proof Of Funds are available for deals requiring this. Contact me to discuss further and streamline your business model today.

 

Key Points

Minimum Mid-FICO 620

Provides proof of funds when sourcing deals

Credit pulled for line approval and not for each deal

Close within 10 days of an executed contract

No experience required

 

 

Terms

Line Amount: $500,000 - $10 million+

Loan Amount: $50,000 - $2.5 million per property

Purchase LTC: up to 90% financed

Rehab Budget: up to 100% financed

ARV: up to 75%

Interest: from 6.75%*

Rate: Fixed

Line Term: 12 months

Loan Term: 12 months (per property)

Amort: Interest Only

No Prepayment Penalty

No Escrows Required

Revolving & Non-Revolving Options

Recourse and Non-Recourse Options

 

 

Purpose    

Purchase and Renovation of a Single Property or Multiple Properties

 

 

Collateral

Single Family Residence

Townhouse

Multifamily 2-20 Units

Mixed-Use (75% Residential)

*Interest Rate based on experience and credit profile.