Fix & Flip Loans
Get the financing you need for your fix & flip and fix & hold properties
Our Fix & Flip loans allow investors to acquire and/or renovate multiple properties up to an approved exposure limit (based on Individual & Business approval).
Key Facts About Our Fix & Flip Loans
- NO prior experience required
- No-fee alternative valuation option now available (for eligible properties)
- Extensive rehab financing available (budgets > 50% of total costs)
- Individual and Business approval for exposure limits up to $10MM with individual property loan amounts from $50K to $3MM
- Financing for up 100% of renovation expenses, 95% LTC max, and 75% ARV LTV max
- Optional interest reserves
- Soft Costs included in financing (contractor’s fees, contingency fees, permits, surveys, etc.)
- Foreign Nationals eligible
| Fix & Flip Exposure Limit Loan | |
|---|---|
| LOAN PURPOSE | Rehab loan for non-owner occupied residential investment property |
| INTEREST RATE | As low as 6.75%, varies per individual property loan |
| LOAN AMOUNT | $50K – $3MM |
| TERM | 12 months standard, 18 month option available (subject to loan level pricing adjustment) |
| BORROWER TYPE | Individual or Entity |
| MINIMUM EXPERIENCE | NO prior experience required |
| MAXIMUM LOAN-TO-VALUE (LTV) | Standard Rehab up to 75% After Repair Value (ARV) LTV / Extensive Rehab up to 70% ARV LTV |
| MAXIMUM LOAN-TO-COST (LTC) COST IS PURCHASE PRICE AMOUNT | Standard Rehab max 95% / Extensive Rehab max 85% |
| WHEN DO WE USE LTV VS LTC? | Generally, we use the lesser of LTV or LTC calculation |
| REHAB/CONSTRUCTION FINANCING | Funding up to 100% rehab budget up to % Approved LTV of Total Costs |
| FOREIGN NATIONALS |
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| PROPERTY TYPES | Non-Owner Occupied:
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