FIX AND FLIP FINANCING Rates from 8.5% Interest Only
12-month, 24 month or 36 months terms
Easy Refinance to Long-Term Rental Loan W/ ARV!
- Lower Rates as low as 8.45%
- Faster Closing
- No Appraisal Fee
- No Application Fee
- No Income Verification
- No Reserve Requirements
- First-Time Flippers Welcome
Simplified Qualification
Experience: No Experience Required, (5+ flips in last 24 months get added benefits)
FICO Score: 660 minimum
Credit: No bankruptcy within the last 24 months, No 90-day mortgage lates, No Felony in the previous 7 years.
Guarantee: Personal Guarantee required
Income: NO PROOF OF INCOME
Seasoning: NO Seasoning of funds
Reserves: NO Reserve requirements
Credit Pull: Soft Pull Equifax.
Simplified Loan Terms
Interest Rates: As low as 8.50%
Max Leverage Up to 90% of purchase price + 100% Renovation up to 75% of ARV.
Max renovation allowed: $250,000 (Higher case by case)
Loan Amount: $75,000 - $1,500,000
Loan Terms 12, 24 36 month term, interest-only payments with no prepayment penalty
Eligible Properties SFRs, 2-4plex, Condos, PUDs
Eligible Entities: Corporations, General Partnerships, Limited partnerships, Limited liability companies, Revocable trusts
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