FIX AN FLIP

Residential and Commercial loan

Products

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)

Date:Characteristic
GuidelinesCriteria
Minimum Loan Amount$75,000
Maximum Loan AmountNo maximum
Maximum LTV80% to 90% of purchase price 100% of rehab 65% to 70% of ARV 85% of the as is value
PurposePurchase
Refinance
Lien PositionFirst only
Timing (estimated)First deal: 10-21 days
Second deal: 5-10 days
Term12 months
LocationNationwide
Interest Rates7.99-12
Rehab Holdback100% of Rehab Funds
Origination Fees1 to 5 points
AmortizationInterest only, no prepayment penalties
RecourseRecourse
Borrower EntityEntity Only
Minimum Credit Score550 or higher

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