Ideal for a real estate investor who wants to buy an under market valued property, fix it up and then resell. We finance the purchase of a new property plus give 100% of the rehab funds! In just 7-10 business days, we can close a loan on the purchase of a new property and then finance all of the rehab expenses.
This program allows a real estate investor to come up with minimal capital and save money to use toward the next investment project.
Residential Fix & Flip
Term: 6 to 12 Months
Loan Amount:$150k to $5M+
LTV: Up to 80% of the purchase price; (Not to exceed 75% of ARV)
FICO: 620 (Lower by exception)
Property Types: Non-owner occupied 1-4 family residential