Fix/Flip Line of Credit

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FIX & FLIP AND
NEW CONSTRUCTION
FINANCING

WITH INDUSTRY-LEADING RATES

One of the nation's largest and most trusted investors is now offering
short term financing for residential real estate investors.

FIX & FLIP LINE OF CREDIT (LOC)

  • Rates as low as 6.99%
  • Lines of credit up to $100MM
  • Funding up to: 90% of purchase / 95% rehab
  • Industry high leverage at 75% ARV Cap
  • Low $500 application fee which is applied towards the cost of your first appraisal
  • 5X Liquidity leverage. ie. 200K liquid gets you a 1MM credit line
  • SUPER SIMPLE QUOTE PROCESS **Fill out the form below.

WHY LOC VS. TRADITIONAL HARD MONEY?

  • Rates at least 2% lower than hard money
  • Only appraisal and rehab budget required per draw
  • One initial credit inquiry. No more dings to FICO each time you need funding
  • Once initial credit line approval is obtained, no further borrower due diligence is required per property
  • Evidence of sufficient funds to close or reserves are not required. No sourcing of deposits.
  • No bank attorney fees
  • Recourse and Non-Recourse options available
  • Low fees: $635 Processing $395 Inspection $145 draw inspection/wire fee
  • Annual review: As your liquidity, net worth, and experience improve, the credit line can be increased and the rate reduced

FINANCING FOR

REAL ESTATE INVESTORS

FIX & FILP
LINE OF CREDIT
FIX & FILP
SINGLE LOAN
NEW
CONSTRUCTION
Description Exposure line up to $100mm for experienced investors (1+ completed flip in the past 2 years ) Single property loans for novice or experienced investors Ground-up construction for developers and investors
Loan size $50K -$3MM $75K -$3MM
Term & Amortization 9 months, with option for 3 months extension
Acquisition Financing Funding up to 90% of purchase price Funding up to 90% of purchase price Funding up to 75% of land value**
Rehab Financing Up to 95% of rehab costs, max 75% of ARV Up to 100% of rehab costs, max 70% of ARV Up to 90% of construction costs, max 75% of ARV
Pre-Pay Penalty /
Minimum interest charge
No Prepayment Penalty 3 Months minimum interest
Borrower Individual, LLC or Corporation
Credit 620+ 620+ 620+
Property Types Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, Multi-family properties up to 30 units, and Ground-up construction

* Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. Application fees, closing costs and other fees may apply. **Land must be already improved /developed for use (i.e, ready for utilities and plumbing.) REV .4.11.2017

QUICK QUOTE REQUEST FORM

Ready to apply? Download our application package.   
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