
Fix & Flip
Fix & Flips loans are the best short-term solution for acquiring and improving property value. These loans are designed for “fix-and-flip” investors seeking a short-term, interest-only solution that's based on the property's “as repaired value” (ARV). Fix & Flip loans are similar to Bridge loans however they are designed specifically to finance rehab projects providing investors with the capital needed to get through the construction phase of a real estate project. Fix & Flip loans greatest advantage is that lenders base their decision on ARV as opposed to current market value, allowing investors to maximize LTV and in some cases get 100% financing on construction costs. Investors turn to Fix & Flip loans when they need money to cover expenses in the interim rehab phase prior to selling or refinancing a property.
key features
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Residential Investor 1-4 Units
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Mutli-Family & Mixed- Use
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Up to 13 Month Term
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Interest Only Payments
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Loan Sizes Up to $10,000,000
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Up to 85% ARV Financing
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Up to 90% Purchase Financing
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Up to 100% Construction Financing
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No Income Verification
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No Minimum FICO
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2-4 Week Close