Fix and Flip

Fix-and-flip loans are short-term loans used by real estate investors to purchase and improve a property, with the intention of selling it for a profit or refinancing. These improvements range from minor renovations to a complete reconstruction of an existing home. The initial draw will be calculated based on the as-is value of the property, and the renovation budget will be advanced in construction draws.

  • Max Loan Amount: $5,000,000
  • Term of Loan: 6-18 months
  • Payments: Interest Only with balloon payment at maturity.
  • Prepayment Penalty: None
  • Interest Type: Non-Dutch
  • Up to 90% of the purchase price
  • 100% of the rehab budget
  • Up to 75% Maximum After Repair Value (ARV)
  • Condominiums
  • Single-family residences
  • Two to four units
  • Multi Family homes
  • Townhouses
  •  Other property types considered on a case-by-case basis
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