Fix and Flip Funding


Residential Fix and Flip Funding Guidelines

Purchase and Rehab

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Loans Available in these States:

CA, TX, WA, TN, CO, VA, WV, GA, FL, IL, OH, PA, SC, MO, MI.

  • Purchase & Refinance  Origination Fee 3-4%
  • Interest Only 8% to 11% 12 month
  • Purchase plus 100% rehab available.
  • Total loan amount MAX $1M.
  • 1 -4 Unit SFR, including condos, townhomes, & PUDs
  • LTV starts at the property AS IS value NOT what you are in contract for (up to 75% LTV of AS IS value).

Rehab funds are 100% draw based. Meaning based on completed work. Client does approx. one third of the work and requests a draw through our Processing Dept.
Note: Minimum $75k total loan. Minimum population 30-50k towns + case by case if in a low population area.

  • NO second position allowed after 1st position
    Judicial states – Add 50% more to rate (Florida, Illinois, Ohio)
  • Non owner occupied only

Acquisition: Live-in Condition Only:  NM, OK, WY NY, NJ

 

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