Fix & Flip Loans

Fix & Flip Lines of Credit

Starting at Industry-Leading 6.99%
Funding up to:
90% of Acquisition Cost
95% of Rehab Cost
75% LTV
Recourse and Non-Recourse Options
  Recourse Line of Credit Non-Recourse Line of Credit
Minimum Experience 1 flip/build in the past 2 years, or 1 active rental property 3 flips/builds in the past 2 years, or 3 active rental properties
Individual Loan Size $50K - $2.5MM $50K - $1MM
Line of Credit $250k - $10MM $2MM - $100MM
Max Loan-to-Value 75% of ARV 75% of As-Is Value
Max Acquisition Financing 90% loan-to-cost 85% loan-to-cost
Max Rehab/Construction FInancing 95% 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 620 660
Valuation Full interior appraisal Desktop valuation for SFR/Townhomes <$250k, full appraisal for others

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: 90%
Rehab Funding Max LTC: 95%
After Repair Value Max LTV: 75%

Initial Loan Advance at Acquisition $90,000 (acquisition price * acquisition funding ltc factor)
Rehab Funds Available To Draw $47,500 (rehab budget * rehab funding LTC factor)
Max Total LTC $137,500 (aquisition LTC + rehab LTC)
Max Total LTV $150,000 (after repair value * LTV factor)
Max Total Loan Amount $137,500 (we lend to the lesser of LTC or LTV)

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