Fix & Flip Loan
Home / Fix & Flip Loan
Fix & Flip Projects / ARV Loans
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