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

600

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.

Property Types

Loan Amounts

LTC

LTV

Rate

Points

Term

Ownership

Min Guarantor FICO

Guarantor Experience

Guarantor Background

Property Location