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RESIDENTIAL REHAB FIX & FLIP LOANS

Rehab Fix and Flip Loan Program for Residential Property:

We offer the following purchase and rehab loan options:

Purchase and Rehab (12-18 months):
Loan Amount: $75k-$3M
LTV of Purchase price: up to 75% for new investors or 90% LTV for experienced investors
LTC of Rehab amount: 100%
Max Loan to ARV:  up to 75%
Minimum As-Is Appraised Value: $50k
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)
Term: 12 months
Rate: Starting at 10.99%
Points: Vary based on loan amount
Credit Score: 650 Minimum
No pre-payment penalty


Bridge Loan (12-18 month):
Loan Amount: $75k-$3M
Minimum As-Is Appraised Value: $50k
LTV of Purchase price: up to 75%
LTV Refinance : up to 70%
LTV Refinance cash out: up to 65%
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)
Term: 12-18 months extensions available
Pre-payment penalty: No Prepayment Penalty
Rate: Starting at 11.49%
Points: Vary based on loan amount
Credit Score: 650 Minimum

Borrower Parameters:

A borrower seeking a hard money loan must meet the following generally stated minimum requirements. Specific minimum requirements are set following our receipt of a loan application.

Preferred borrowers can be Corporations or Limited Liability Companies
Reasonable existing income
Reasonable cash reserves of about 10-15%
Reasonable net worth
Credit score – 650 or better
Ability to perform exit strategy required

Property Types:

1-4 Family Residential Properties
Warrantable and Non-Warrantable Condos 
Townhomes
Planned Unit Developments (PUDs)

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Documents for Purchase and Rehab Loans:

  • Application

  • Rehab Budget Form

  • Valid ID

  • Purchase and sale agreement for the property, if already under contract

  • Sixty (60) consecutive days of statements of accounts for liquid assets

  • We will need the following documentation for the entity in which you will be vesting title: Certified Articles, Certificate of Good Standing, Executed Operating Agreement

  • Insurance policy quote for the property prior to closing

  • Contact information for your closing attorney or title company

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