Fix And Flip

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.

  • Property Types
  • SFRs, Condos, PUDs, 2-4 units
  • Loan Amounts
  • $100,000 - $5,000,000+
  • LTC
  • Up to 90% of purchase + 100% of rehab
  • LTV
  • Up to 75% of After Repair Value
  • Rate
  • Start at 7.99%
  • Points
  • 2.0% - 3.0%, depending on the loan amount and state
  • Term
  • 12 months, interest-only, no prepayment penalty, extensions available
  • Ownership
  • Held in a Corporation or LLC
  • Min Guarantor FICO
  • 650
  • Guarantor Experience
  • Previous experience preferred, new flippers considered on a case by case basis
  • Guarantor Background
  • No BKs or foreclosures for past 5 years
  • Property Location
  • Nationwide except MN, ND, NV, SD, and VT.