Are you an ACTIVE Flipper? Then, our Fix/Flip Line-of-Credit may be a good fit for YOU!

The amount you qualify for is 5x your actual liquidity (cash, free/clear real estate, stocks/bonds, etc....).  Once approved for the LOC, each fix/flip transaction is credited against the line.
 
TERMS:
  • Evidence of 2-3 Flips in last 24 Months
  • 8 to 9.5% Interest-Only
  • Up to 90% of purchase
  • Up to 95% of rehab
  • Minimum loan amount (purchase plus rehab) - $50k
  • 9 month term
  • 3 points origination 
  • 70-75% of ARV
  • No PPP (minimum 3 months of interest)
  • 600+ credit
  • Eligible States:  AL, AK, CO, CT, DC, DE, GA, IL, IN, IO, KY, LA, ME, MD, MA, MS, MO, MN, NH, NM, OH, OK, OR, PN, SC, TN, TX, VA, WA, WV, WI, WY
  • Eligible Property Types:  SFH, 1-4 Doors, Multi-Family up to 20 Doors and New Construction

CONTACT:  Info@SimsCapital.biz

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