FIX-AND-FLIP LOANS

Finance your fix-and-flip project by funding your purchase & refinance as well as your renovation & rehab costs.

Fix-And-Flip Financing

Lending Made Easy

12-Month Interest Only Fix and Flip Loans for real estate investors looking to purchase, rehab, and sell (flip) residential properties within one year. Closings can be in as little as 10 business days with up to 100% financing on rehab costs and no interest charged on unused rehab funds.

Typical terms

Loan Type                                                         

12-month interest-only fix and flip loan

 

LTV

Up to 90% of purchase and repair costs

Up to 75% of ARV

 

Loan Amounts

Minimum $75K to a maximum $4M

 

Eligible Properties

Single Family Residence

2-4 Unit Properties

Condominiums

Townhouses

 

Eligible Borrowers

U.S Citizens

Permanent Resident Aliens

Non-Permanent Aliens

Foreign Nationals

LLCs, Limited Partnerships, General Partnerships, Corporations

 

Geography

All States except Alaska, Nevada, North Dakota, Oregon, South Dakota, Utah

 

FICO

Minimum FICO is 600

 

Required Docs

1 Month Bank Statement

List of properties sold in the past 24 months

Renovation budget

Sales contract

Corporate entity docs (articles/certificate of formation and operating agreement)

Driver’s license

 

Pre-Payment Penalty

No

 

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