Fix/Flip Program
Our Fix/Flip program is for seasoned investors who buy, fix and flip non-owner occupied residential properties of up to 4 units.
Our Fix/Flip program is for seasoned investors who buy, fix and flip non-owner occupied residential properties of up to 4 units.
Loan Features
$100,000 – $2,500,000 loan amount |
Flexible underwriting with minimal documentation |
Quick closing time – 10 days or less |
Maximum LTV (purchase): 85% |
Maximum LTARV (after-repair value): 75% |
Maximum LTC construction: 85% |
Extremely competitive rates and points |
Loan term: 6-18 months |
Extensions options available |
In-house easy draw process: fulfilled in four days |
Property types: single family residence, 2-4 units, townhomes, planned unit development, condominium |
All properties must be non-owner occupied |
No prepayment penalties |
Markets: AZ, CA, CO, DC, FL, GA, MD, NC, TN, TX, VA & WA |
Foreign national: subject to a lower LTC/LTV threshold |
Loan Benefits
Easy lending on residential and rehab projects |
Create more opportunities with fast loan turnaround |
Less capital required to complete a project |
You are covered if projects are extended |
Quick access and hassle-free draws |
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