Fix and Flip
High leverage program with minimal underwriting requirements for residential renovation projects. Stated income, no asset or liquidity verification. Leverage based on ARV appraisal.
SFRs, Condos, PUDs, 2-4 units
$150,000 - $25,000,000
Up to 90% of purchase + 100% of rehab
Up to 70% of After Repair Value
Start at 7.99%
1.5% - 3.5%, depending on loan amount
12 months, interest-only, no prepayment penalty, extensions available
Held in a Corporation or LLC
Previous experience preferred, new flippers considered on a case by case basis
No BKs or foreclosures for past 5 years
Nationwide except MN, ND, SD, and VT.
Min Guarantor FICO