Fix and Flip Loans

Fix and Flip Program    

Now Lending 70% of Purchase and 100% of Rehab up to 65% ARV.

Perfect for the experienced investors and novice investors alike. We offer interest only loans for the short term for flippers.

50,000 to 2,000,000
6­ 18 month terms
650 FICo
Rates 8% ­12%
Interest Only
No Prepay Penalty

Fix and Hold Program will provide short ­term purchase rehab, which can  roll into our
Rental permanent loan once property is renovated. Loans based off the ARV
Non­owner occupied only
Foreign nationals  (non citizens) up to 60%LTV
No property management company required
No limit on number of properties financed

Another fix and flip product we offer:

Single family, 1-4 units, condos, townhomes non owner occupied 

90% purchase price/ 100% rehab price  cap(100K)

Stated only loan (no tax returns)

Need Credit scores

3 months bank statements only

3-4 points

Interest range 6.99%- 10.99%

Loan amounts 75k to 2 million

foreign nationals ok up to 60%

No prepayment penalties

12 month term interest only loans based on 30 year amortization

If borrower rents only that is ok won’t disqualify you

Can lend based off rehab value

No BKs in last 3 years

No foreclosures in last 2 years

No 1003 needed

Can be in company name

No rural properties, meaning towns of 30K or less, we can consider exceptions though.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Visit Us On FacebookVisit Us On Google PlusVisit Us On TwitterVisit Us On Linkedin