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.

Standard Loan Terms:
- 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)

Property Types
- Condominiums
- Single-family residences
- Two to four units
- Multi Family homes
- Townhouses
- Other property types considered on a case-by-case basis