Fix & Flip Loans

Fix & Flip Lines of Credit

Starting at Industry-Leading 9.5% Interest-Only
Funding up to:
85% of the Acquisition Cost
100% of Rehab Cost
75% LTV
Recourse and Non-Recourse Options

We work with new investors with NO experience

  Recourse Line of Credit Non-Recourse Line of Credit
Minimum Experience We work with new investors, NO EXPERIENCE, but to get the best terms, we require 3 fix n flip or rental properties acquired within the past 36 months 2 flips/builds or active rentals within the past 36 Months
Individual Loan Size $50K - $2.5MM $50K - $1MM
Line of Credit $500k - $10MM $2MM - $100MM
Max Loan-to-Value 75% of ARV 75% of As-Is Value
Max Acquisition Financing 85% of the Acquisition Costs 85% loan-to-cost
Max Rehab/Construction FInancing 100% rehab budget 85% rehab budget
Interest Accrual Full accrual on max loan amount Balance accrual only on drawn funds
Eligible Property Types (non-owner occ.) SFR, 2-4 units, Condos, Townhomes, Multi-family SFR, 2-4 units, Condos, Townhomes
Minimum Interest 90 days minimum interest 90 days minimum interest
Min Credit Score Requirement 660 660
Valuation Full interior appraisal Desktop valuation for SFR/Townhomes <$250k, full appraisal for others
Exposure Limits (LOC) Renovate or build multiple properties up to the approved Limit.
Draw Balance Available

Fix & Flip Transaction Example

Sample Scenario

Acquisition Price: $100,000
Anticipated Rehab Budget: $50,000
After Repair Value: $200,000

Sample Terms

Acquisition Funding Max LTC: 85%
Rehab Funding Max LTC: 100%
After Repair Value Max LTV: 75%

Initial Loan Advance at Acquisition $85,000 (acquisition price)
Rehab Funds Available To Draw $50,000 (rehab budget)
Max Total LTC $135,000 (aquisition LTC + rehab LTC)
Max Total LTV $140,000 (after repair value * LTV factor)
Max Total Loan Amount $140,000 (we lend to the lesser of LTC or LTV)

We make it simple to qualify.
Start growing your portfolio, today!

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