FIX&FLIP

Fix and Flip

Short-term financing to buy and renovate properties with up to 10 units. We support experienced and new investors with competitive terms and pricing.

Property

Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units

Loans restricted to investment properties; cannot be owner-occupied

Rural properties not allowed.

Loan Features

6, 12 or 18-month term

$100,000 to $1.5 million loan amount

Up to 92.5% loan to cost; 100% financing of renovation

No interest on undrawn funds.

Borrower

680 minimum FICO; no recent foreclosures or bankruptcies

Entities only; a personal guarantee is customary

Foreign nationals allowed at reduced LTV

Pricing based on borrower experience

No employment or income verification.

Draws and Closing

Close in as little as 5 days

Materials, labor, demolition, and customary soft costs reimbursable

Virtual inspection

1-3 business days from inspection to draw funding

QUOTE