FIX AND SELL
LOAN PROGRAM
Commercial Loans for Real Estate Investment
General Guidelines
Eligibility
- Loan Size - $50,000 - $10,000,000 (Total Loan Size Must be =>$100K)
- Loan Purpose - Purchase & Renovation
- Payment - Interest Only
- Loan Terms - 6 to 12 Months (extensions available)
- Max LTV - LTV 90% (Of Purchase Price) LTC 90%
- Min FICO - 600
- Reserves - 3 Months (Min FICO 640) 6 Months (FICO Below 640)
- Appraisal - None Required
- Prepayment - None! Pay it Off Anytime!
- Doc Fee at Closing - $1450
- Rates - 9% up to 12% (subject to market changes)
- Eligible property types - Single Family Residential and Multifamily up to 20 units.
- Borrower - Individual or Business entity
- No rural properties
- Financing - For Purchase and Renovation Costs
- Eligible states - All (except ND, SD, & MN)
Start Your Commercial Loan Journey with Us!
Program Terms
We provide fix and flip loans for investors purchasing residential properties. 24 hour approvals! Close quickly! We pride ourselves on ease of use and speed, and we are ready to help you with your investment property financing.
Fix and Sell Example:
Initial Funding: $370,421
Construction Funding: $165,079 LTV: 70%
Total Loan Amount: $535,500 LTC: 81%
Fast Turnaround!
Fast Closing!
No Appraisal!
