We love fix and flip lending, helping you to help someone have a nice home to live in while up keeping values is a vital part to play in this business. You need a lender who closes on time with affordability
We offer multiple purchase and rehab loan options:
90% of Purchase Price and 100% of Rehab Cost up to 75% of ARV:
Loan Amounts: $75,000 to $3,500,000
Loan to Value: up to 90% of the Purchase Price and 100% of Rehab cost
Interest rates: Depends on borrower profile
Loan Term: 12 months
Payments: Interest only monthly, no interest reserve required
No Interest on the Rehab Portion until Funds have been drawn
Lien Position: First Only
Prepay: none
States: Available in ALL STATES (except NV, SD, ND, MN, OR, VT)
POL program goes up to $10,000,000.00
- Construction up to 5 units up to 85% LTC
- Mixed use up to 85% LTC
65% of After Repair Value, up to 100% of Cost:
Loan Amounts: $75,000 to $2,000,000
Loan to Value: Up to 65% of the ARV, 100% of total cost
Interest rates: Depends on borrower profile
Loan Term: 6 months or 12 months
Payments: Interest only monthly, no interest reserve required
Lien Position: First Only
Prepay: none
States: CO, CT, DE, FL, GA, IL, IN, KS, LA, ME, MD, MA, MO, NH, NJ, NY, NC, PA, RI, SC, VA, WV.
80% of Purchase Price, No Construction Escrow Required:
Loan Amounts: $75,000 to $2,000,000
Loan to Value: Up to 80% of the Purchase Price
Interest rates: Depends on borrower profile
Loan Term: 12 months
Payments: Interest only monthly, no interest reserve required
Lien Position: First Only
Prepay: none
States: Available in ALL STATES (except NV, SD, ND, MN, OR, VT)
Preferred borrowers can be Corporations or Limited Liability Companies
Reasonable existing income
Reasonable cash reserves of about 10-15% (60 day seasoning)
Reasonable net worth
Credit score – 650 or better
Ability to perform exit strategy required
SUPER JUMBO FIX & FLILP up to 3M
- Non-owner occupied residential and commercial
- Up to 90% loan-to-cost financing (purchase + rehab)
- Rates from 7.99%
- Interest-only payments
- Stated income