.png)
FIX AND FLIP LOANS
FIX AND FLIP LOANS
A "Fix and Flip" loan is designed for real estate investors who buy properties in need of repairs or upgrades, fix them up, and then sell them quickly for a profit. These short-term loans provide the funds needed to purchase and renovate the property, typically with the goal of selling it within a few months.
Fix-and-Flip Loans Explained
Fix-and-flip loans provide short-term financing to real estate investors aiming to purchase, renovate, and sell properties for a quick profit. These loans are designed to cover both the acquisition and improvement costs, with the goal of reselling the property within a few months.
Main Features of Our Fix-and-Flip Loans
Short-term duration: Typically between 6 and 12 months, perfect for fast turnaround projects.
Fast funding: Quick access to capital so you can secure investment properties before the competition.
Based on ARV: Loan amounts are determined by the property’s After-Repair Value (ARV), offering more flexibility in funding compared to its current condition.
Why Choose Our Fix-and-Flip Loans?
-
Increased Purchasing Power: Use financing to acquire and improve properties, maximizing your returns without tying up personal capital.
-
Speedy Approvals: Our process is streamlined for quick approvals, ensuring you don’t miss out on lucrative opportunities.
-
Value Growth: Strategic renovations can significantly increase the property’s market value, maximizing your profit at resale.
-
Flexible Terms: Loan terms are designed to match the rapid pace of property flipping, giving you the flexibility to manage your projects efficiently.
-
Profit Potential: With smart improvements, you can sell at a higher price, allowing you to quickly realize a return on your investment.
Our fix-and-flip loans are an ideal choice for investors looking to capitalize on the real estate market quickly and efficiently. Whether you’re new to flipping or looking to grow your portfolio, our loans offer the speed and flexibility needed for successful investment.
Qualification Criteria
Determine if Your Project Qualifies for Fix-and-Flip
Credit Score
Minimum 640 FICO with no major derogatory credit within the past 24 months.
Property Value
Minimum "as-is" value of $125,000 to ensure property suitability for a flip.
Loan Term
Terms range from 12 to 24 months to allow flexibility for project completion.
Property Type
Eligible property types include single-family homes, 2-4 unit properties, condos, townhomes, and multi-family properties up to 100 units.
Maximum Loan-to-Value (LTV)
Up to 90% Loan-to-Cost (LTC), 75% of the After-Repair Value (ARV) upon project completion.
Prepayment Penalty
No prepayment penalties, giving borrowers the flexibility to repay early without extra costs.
Loan Amount
Loan amounts range from $100,000 to $10,000,000, supporting both small and large projects.
Location Requirements
Properties must be located in areas with a population of at least 50,000. Rural properties are not eligible.
Liquidity Requirements
Borrowers must cover closing costs, down payment, and 1-3 months of reserves to ensure smooth project execution.