Fix & Flip Financing
Service Detail
Fix & Flip Financing
Obtain financing for up to 95% of the purchase price + up to 100% of
the renovation costs.
LOAN CRITERIA
Collateral:
Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes
Term:
12 Months
Loan Amount:
$75K–$2M
LTV:
Up to 95% of the Purchase Price + 100% of the Renovation Costs
(Not to Exceed 75% of the After Repair Value)
Property Value:
Minimum ARV Requirement of $100k.
Subject to Increase Based on Location.
Credit Score:
650 Minimum
Experience:
Prior Real Estate Investing Experience Not Required
But Affects Leverage & Pricing
Fix & Flip Financing
LEVERAGE BASED ON EXPERIENCE
| EXPERIENCE IN THE LAST 3 YEARS* |
MAXIMUM LOAN-TO-COST | MAXIMUM AFTER-REPAIR VALUE | |
|---|---|---|---|
| LIGHT REHAB | Completed 0 Flips | Up to 70% of Purchase + 100% of Renovation Costs | Up to 65% of the ARV |
| Completed 1-4 Flips | Up to 80% of Purchase + 100% of Renovation Costs | Up to 70% of the ARV | |
| Completed 5+ Flips | Up to 80% of Purchase + 100% of Renovation Costs | Up to 70% of the ARV | |
| MODERATE REHAB | Completed 0 Flips | Up to 70% of Purchase + 100% of Renovation Costs | Up to 65% of the ARV |
| Completed 1-4 Flips | Up to 75% of Purchase + 100% of Renovation Costs | Up to 70% of the ARV | |
| Completed 5+ Flips | Up to 75% of Purchase + 100% of Renovation Costs | Up to 70% of the ARV | |
| HEAVY REHAB | Completed 0 Flips | Not Permitted | Not Permitted |
| Completed 1-4 Flips | Up to 70% of Purchase + 100% of Renovation Costs | Up to 60% of the ARV | |
| Completed 5+ Flips | Up to 75% of Purchase + 100% of Renovation Costs | Up to 65% of the ARV |
*Within The Same State As The Subject Property
Light Rehab: A renovation budget which is 2.5% – 50% of the Initial Value, and does not qualify as Moderate Rehab or Heavy Rehab.
Moderate Rehab: A renovation budget which is 50.01% – 100% of the Initial Value, and does not qualify as Heavy Rehab.
Heavy Rehab: A renovation budget that exceeds 100% of the initial value OR a project that involves more than a 20% expansion of the initial sq ft or at least 750 sq ft OR a project that involves a change in use.