Fix & Flip Program
Our Fix and Flip Program is designed for borrowers with experience redeveloping residential properties. For seasoned developers, we can provide up to 80% financing on the purchase price and up to 100% of renovation costs, provided the ARV does not exceed 70%.
01
Loan Type
Non-owner-occupied residential properties, fix and flips, refinances, bridge loans, ground-up construction
02
Amortization
Interest only with a balloon payment at maturity
03
Funding
Up to 80% of purchase price; up to 100% of renovation budget
04
Post-Repair LTV
Max of 65% in judicial states, max of 70% in non-judicial foreclosure states
05
Asset Types:
1-4 unit residential, townhome intended for residential use, condominium
06
Closing Time
As quickly as one week
