Fix n Flip Loans

Get the financing you need for your fix & flip and fix & hold properties

Key Facts About a Fix n Flip Loan

  • NO prior experience required
  • No-fee alternative valuation option now available (for eligible properties)
  • Extensive rehab financing available (budgets > 50% of total costs)
  • Individual and Business approval for exposure limits up to $10MM with individual property loan amounts from $50K to $3MM
  • Financing for up 100% of renovation expenses, 95% LTC max, and 75% ARV LTV max
  • Optional interest reserves
  • Soft Costs included in financing (contractor’s fees, contingency fees, permits, surveys, etc.)
  • Foreign Nationals eligible
Fix & Flip Exposure Limit Loan
LOAN PURPOSE
Rehab loan for non-owner occupied residential investment property
INTEREST RATE
As low as 6.75%, varies per individual property loan
LOAN AMOUNT
$50K – $3MM
TERM
12 months standard,
18 month option available (subject to loan level pricing adjustment)
BORROWER TYPE
Individual or Entity
MINIMUM EXPERIENCE
NO prior experience required
MAXIMUM LOAN-TO-VALUE (LTV)
Standard Rehab up to 75% After Repair Value (ARV) LTV / Extensive Rehab up to 70% ARV LTV
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT
Standard Rehab max 95% / Extensive Rehab max 85%
WHEN DO WE USE LTV VS LTC?
Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING
Funding up to 100% rehab budget up to % Approved LTV of Total Costs
FOREIGN NATIONALS
  • Not allowed from ineligible country list
  • Limited to: 85% LTC / 70% ARV LTV max
PROPERTY TYPES

Non-Owner Occupied:

  • Attached or detached SFR
  • 2-4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Condos

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