Fix & Flip Loans
Our fix & flip financing program provides capital to investors that are looking to purchase and renovate investment properties. We only require 10% down and we will financing 100% of your renovation budget. Typically this program makes the most sense when the renovation budget is <50% of the purchase price.
Property Types: Single family homes, Condos, duplex, triplex, fourplex
Typical Transaction Terms:
- Loan Type: Senior 1st mortgage loans only
- Loan Amount:
$100,000+
- Terms: 12 months with discretionary extensions
- Amortization: Interest only
- Interest Rates: starting at 6.99%
- Initial Loan to Cost: Up to 90%
- Construction Holdback: Up to 100% of rehab budget
- After-Repair Loan to Value: Up to 70% of ARV in non-judicial foreclosure states
- Minimum Credit: 620
- Borrower Experience: 3 verified LTD flips
- Appraisal: After Repair Value Appraisal needed