90% of the Purchase Price | 90% of the Rehab Budget | 75% of the ARV
Typical Funding in 7-10 Business days.
12 month term, interest only - submit form below for rate quote.
Available for Residential 1-4 Unit Properties.
Available for Investment Property purposes only.
No Pre Payment Penalties.
Ability to refinance into permanent financing if needed.
Maximum financing at 75% LTV of ARV and 90% of Purchase Price.
12 month term Interest only with options for interest reserves.
No rural properties allowed.
Minimum Loan Amount $150,000 and Maximum $2,000,000.
Minimum FICO 600 for experienced "Flipper" and 640 for beginner.
No owner occupied/primary properties allowed.
No family tenants in property.
No commercial or mixed use properties.
Must Close in LLC or Corporation.
Borrower must have completed minimum of 1 project in last 2 years.
Income, 4506T or tax returns are NOT required for qualification.
No Debt Ratio calculations for qualifying.
2 months bank statements required to source funds for closing.
US Citizens, Green Card and US Visa holders allowed.
No foreclosures,BK's, short sales allowed most recent 2 years.
Typically no reserve requirements.
Products, rates and terms, state availability all subject to change.
Please complete the contact form below and we will reply with a term sheet quote for your Fix and Flip scenario. To provide an official term sheet I'm required to have an address. If you don't have a property selected please identify a property that best represents your business model and provide that address. If your property changes, we can quickly provide a new term sheet.
The rate and terms are specific to property location, value, loan amount, borrower FICO, Flip experience and renovation budget. These details will alow me to provide a full term sheet for your review which will be emailed back in writing with in 24-36 hours of receipt. For this product I can only prepare quotes Monday through Friday, so weekend requests fill be addressed on Monday or Tuesday at the latest. Products, interest rates and loan terms subject to change.