RESIDENTIAL FIX & FLIP LOANS
FIX & FLIP
Do you need a short-term loan so you can fix and flip a house? Our fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible. Typically, a 1-year term with no prepayment premium, if you have a larger rehab project we also offer 2 year fix and flip options as well.
WHAT MAKES THIS GREAT?
Close fast to compete with cash buyers
Purchase and refinance loans up to 80% loan to as-is value
Finance renovation and construction costs (CLTV not to exceed 90% of ARV)
Stated-income only
Interest rates based on recent investment experience & credit
Interest-only payments