Fix & Flip Loan

Short-term financing for the purchase & rehab of non-owner occupied properties.

• Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
• LTV: Up to 85% of the Purchase Price + 100% of the Renovation Cost
  • Investors with less experience will need to contribute more to the purchase
• LTARV: Not to Exceed 75% of the ARV (max 70% for new investors)
• Term: 12 Months (6-Month Extension Available)
• Minimum As-Is Property Value:
  • $50k for Single-Family
  • $25k per Unit for 2-4 Family
  • $35k per Unit for Multi-Family (5+)/Mixed-Use
• Loan Amount:
  • $50k – $2M for 1-4 Family, Condos, & Townhomes
  • $250k – $5M for Multi-Family (5+)/Mixed-Use
• Minimum FICO Score: 680
• Interest Rates: As Low As 10.5% for very experienced investors
  • (Interest Only Charged on Outstanding Balance)
• Pre-Payment Penalty: N/A