Loan Terms:
Loan-to-Cost (LTC): Up to 92.5%
Loan-to-Value (LTV): Up to 75%
Rehab Funding: 100% of the renovation budget with 4-day draws
Term Options: 12, 13, 18, 19, and 24 months; 30 years available for long-term loans
Loan Amount: $100K to $5M
Rates:
- As Low As 6% for Long-Term Loans
- As Low As 8.45% for Bridge Loans
Origination Fees: - 1–1.5 Points for Long-Term Loans
- 1.5–2 Points for Bridge Loans (Deferred payment of origination fees available at property exit)
Time to Close: 2–3 weeks
Pre-Payment Penalty: None
After Repair Value (ARV): Maximum of 75%
Minimum Personal FICO Score: 660
Minimum Experience: First-time investors eligible
Acceptable Property Types:
- Non-Owner Occupied 1-4 Family, Condos, Townhomes, 5+ Unit Apartments, Mixed-Use Properties, Multifamily, PUDs
Appraisal Fees: $550–$850
Legal Fees: Per Investor Requirement
Other Features:
- Loans available nationwide in urban and suburban markets
- Interest-only payments charged on the outstanding balance
- Minimum ARV thresholds:
- $100K for Single-Family or 2-4 Family Properties
- $350K for Multi-Family (5+)/Mixed-Use properties.
Rates And Terms Subject To Change
Fix & Flip Loans: Turning Potential Into Profit
Fix-and-flip loans are specialized financing solutions designed for real estate investors who purchase properties in need of improvement, renovate them, and resell them for a profit. These loans are structured to provide short-term funding tailored to the unique needs of these projects.
How Fix & Flip Loans Work
- Acquisition: Secure the funds to purchase undervalued or distressed properties.
- Renovation: Financing often includes the cost of repairs and upgrades, so you can maximize the property’s value.
- Resale: Once the project is complete, sell the property and repay the loan, keeping the profits from your investment.
Key Features of Fix & Flip Loans
- Short-Term Durations: Typically ranging from 6 to 24 months, these loans align with the fast-paced nature of fix-and-flip projects.
- Flexible Repayment Options: Options like interest-only payments during the renovation period help manage cash flow.
- Asset-Based Lending: Loan amounts are primarily based on the property’s value, often including its after-repair value (ARV).
Who Uses Fix & Flip Loans?
Real estate investors of all experience levels rely on fix-and-flip loans to quickly seize opportunities and finance projects without tying up personal capital.
Fix-and-flip projects can vary widely in scope, but with the right loan structure, they offer a proven path to turning vision into value.