FIX AN FLIP
Residential and Commercial loan
Our business partner is a direct private capital provider for residential and commercial real estate assets. We fund debt and/or equity structured transactions for unique or difficult situations. We have access to a conduit lending platform as well that allows us to fund deals that may not fit on our balance sheet but are still successful projects. This provides flexibility for you and allows us to always evaluate each deal individually and provide the best rate/terms available.
Residential Fix and Flip (Purchase and Refi)
|Minimum Loan Amount||$75,000|
|Maximum Loan Amount||No maximum|
|Maximum LTV||80% to 90% of purchase price 100% of rehab 65% to 70% of ARV 85% of the as is value|
|Lien Position||First only|
|Timing (estimated)||First deal: 10-21 days
Second deal: 5-10 days
|Rehab Holdback||100% of Rehab Funds|
|Origination Fees||1 to 5 points|
|Amortization||Interest only, no prepayment penalties|
|Borrower Entity||Entity Only|
|Minimum Credit Score||550 or higher
Whatever situation you are in, we are here to help our community.
Call us at NO COST or OBLIGATION for you. We are here to help!
Sign up below and we’ll get back to you shortly. You can also contact us directly at 713 785 7777.