Fix n Flip Loans
Whom are Fix & Flip Loans Suited For?
Types of Properties We Fund
How do Fix & Flip Loans Get Financed?
We fund LLC’s with borrowers even if they have not completed any flips. If you have flipped 5 properties in the past 24 months you benefit with lower rates. Lender underwriting is based on rehab experience, credit, amount of $$ for the rehab and after repaired value. Our focus is to understand your business. These loans are non conventional loans that do not require any income or employment.
Minimum score of 600+ and a $75,000 loan amount. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.
Fix & Flip Program Criteria
To get a Fix and Flip loan started you will need:
- Zero Fix & Flips completed in the last 24 months
- A 600+ minimum score
- $75,000 – $5,000,000+ investment property (1 to 4 Units)
- Purchase contract
- 2 months of recent bank statements
- Score and background check
Terms
- Max LTV 75% of after repaired value & 100% rehab
- Rates from 6.49%
- 9 to 24 month flexible terms
- Interest Only
- No prepay penalty
States We Lend
AK AL AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC NC NE NH NM NY OH OK OR PA RI SC TN TX UT VA VT WA WI WV
Recent Deals
Cleveland, Ohio
February 2022
Loan Type: Fix and Flip
Loan Amount:
LTC: 75
Canon, CA
January 2022
Loan Type: Fix and Flip
Loan Amount: 1,450,000
LTC: 85
Menifee, CA
February 2022
Loan Type: Fix and Flip
Loan Amount: 340,000
LTC: 90
Santa Barbara, CA
January 2022
Loan Type: Long Term Rental
Loan Amount: 380,000
No Income Documentation
40 Year Interest Only
Oceanside, CA
December 2021
Loan Type: Long Term Rental
Loan Amount: 300,000
No Income Documentation
30 Year Fixed
Pico Rivera, CA
January 2022
Loan Type: Long Term Rental
Loan Amount: 502,000
No Income Documentation
40 Year Interest Only
Sarasota, FL
January 2022
Loan Type: Fix and Flip
Loan Amount: $290,000
LTC: 90
Yuba City, CA
January 2022
Loan Type: Long Term Rental
Loan Amount: 238,500
No Income Documentation
40 Year Interest Only
Indio, CA
Loan Amount: $1,825,000
LTC : 73%
Indio, CA
Loan Amount: $1,825,000
LTC : 73%
Indio, CA
Loan Amount: $1,825,000
LTC : 73%