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Renovation Construction

Fix & Flip Loans

A fix & flip loan is a type of short-term financing real estate investors use to purchase property, renovate it, and then turn around and sell it for a profit. Many individuals and businesses use these loans to buy distressed or undervalued properties, making improvements and renovations to increase the property’s overall value. Then, they sell the property off for a significant profit.

About Fix & Flip Loans

We are aggressive on leverage (up to 90%/100% of purchase/rehab and 70% of after repair value) with superficial lower/upper bounds and credit limits. From $50,000 light rehab loans in the middle of the country, to $20,000,000 fix and flips in the Hollywood Hills – we’ve funded them all.

(terms and conditions may vary or change without prior notice)

Fix and Flip Example Terms

TERM:

12 -24 months standard

REHAB/CONSTRUCTION FINANCING

Funding up to 100% rehab budget up to % Approved LTV of Total Costs

MAXIMUM LOAN-TO-COST(LTC) COST IS PURCHASE PRICE AMOUNT

Up to 90% LTC

MAXIMUM LOAN-TO-VALUE(LTV)

Up to 70% After Repair Value (ARV) LTV

WHEN DO WE USE LTV VS LTC?

Generally, we use the lesser of LTV or LTC calculation

LOAN AMOUNT

$50K - $5MM

LOAN PURPOSE

Rehab loan for non-owner occupied residential investment property

BORROWER TYPE

Entity required

PROPERTY TYPES

Non-Owner Occupied:

Attached or detached SFR

2-4 unit properties

Townhomes

Condos

FOREIGN NATIONALS

Not allowed from ineligible country list

MINIMUM EXPERIENCE

Depending on loan scenario NO prior experience required up to 3 completed projects

Terms and Conditions may vary and change without prior notice, every loan is different and stands on it's own merit's.

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