Fix and Flip
Finance purchase of distressed properties to rehab and sell for a profit
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 of 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
- 620+ mid FICO credit score
- Term: 13, 19 or 24 months
- 6.5%+ interest only (experienced borrowers only pay interest on funds drawn)
- Experience last 3 yrs: Tier 1: none; Tier 2: 1-4; Tier 3: 5-11; Tier 4: 12-23; Tier 5: 24+
- Origination varies with fix to flip experience in last 3 years
- Finance 92.5% of hard and soft costs up to 75% of ARV
- Can add experienced partner who owns 1%+ of LLC/Corporation
- Subordinate debt permitted with lender approval
- No prepayment penalty
- 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.
