Fix 2 Rent
Finance purchase of distressed property to rehab and hold as a rental for long-term income and capital appreciation
Fast draw approvals
In-house rehab management and servicing
1-4 unit residential properties, warrantable condos, townhomes, planned unit developments (PUDs) and log homes if common to the area (700+ square feet gross livable area per unit on less than 2 acres)
- Nationwide (Urban, Suburban and rural)
- No tax return or income verification required
- $250,000 to $5 Million per project
- 660+ mid FICO credit score
- 13 month rehab period followed by 5 to 30 year rental term
- 7.25%+ interest only construction period (experienced borrowers only pay interest on funds drawn) converting to prevailing rental loan rates
- Origination varies with fix to flip experience in last 3 years
- Discounted fix 2 flip lender fee
- Finance 92.5% of hard and soft costs up to 75% of ARV
- Can add experienced partner who owns 1%+ of LLC/Corporation
- No subordinate debt permitted
- Prepayment penalty: no prepay during rehab period; 150 bps exit fee if not converted to Eagle rental loan; rental loan prepay: 5/4/3/2/1
- No bankruptcy, foreclosure, short-sales or deed in lieu in past 3 years
- Funding in 3 to 6 weeks
- No upfront fees
To submit your online loan request, click the blue GET STARTED Link for your PRE APPROVAL Term Sheet within 48 business hours. No credit cards, Social Security Numbers, or credit checks are required for PRE-APPROVAL.
